Anon Brumbie
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Posts posted by Anon Brumbie
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I had a loan with this lot until recently. They offered me a settlement which seemed to good to be true. I agreed and the letter was sent to me confirming the offer. Then I recieved a call from them with some manager saying they had made a mistake and were recinding the offer. I told him I had it in writing and I would pay within a month as agreed. He actually said they didn't have to accept the moiney as full and final settlement.
I paid it and about a week later recieved the letter confirming the account as being settled.
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Considering they do not offer loans why would they turn anyone down. All you are doing is getting them to act as a broker. They don't care what your credit rating is like as long as you can stump up the £49.
Don't quote me on it but I think legally they can only keep about £6 of the fee if they do not get you a loan.
One thing I find a bit fishy is if you do a google search for Wentworth fianance one of the loan review sites comes up. Last year the vast majority of reviews were poor. Now it's at least 50/50. This is very surprising considering most people would believe this company is offering them a loan until they read the small print and actually asked the question "are you offering me a loan or offering to act as a broker."
Capital Finance One/Payday Credit - Anyone else used them? -
in Capital Finance One/ Mtcollect
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A colleague at work took a loan out with this company I don't know the figures but I just want to know if the way they have calcilated to loan is legal.
Say the loan was £100 at 50% over the month so at the end of February he owed £150 with the option to pay the interest of £50 only. He paid the interest and was offered a loan increase of £30 which he accepted. He was under the impression he would at the end of March owe £130 plus 50% in that sum. However they have told him he owes £180 + 50%. This means they have added the interest for March to the £100 plus the extra £30 then charged interest on that whole sum. Is this legal ?