unsecured loans..jumped in too quick i thk!! HELP

[jill2706]

HI decided today to consolidate all my debts approx 2grand with a bit extra with a company with i had to pay 45 up front, i did this as the loan seemed to be reasonable repayments 105 per month!! bit confused how does this work do i recieve a cheque in post or will they pay into bank account. never though to ask this, but it is a reputable company think it was first on my google search! if i repay on time every month are there any hidden charges? appreciate all comments as i also jump b4 thinking things over 1st!!

[honeybee13]

Hello there and welcome to CAG. Your thread needs moving to the right forum so you get some help, but I need to check which one. Back soon, HB

[silverfox1961]

Hi and welcome to CAG

 

Can you name the company pleaseas it is unusual to pay an up front fee

[honeybee13]

Moving thread, will leave a link in the Bear Garden.

[jill2706]

hi it was unsecuredloancompany.net if thats any help?

[jill2706]

unsecureloancompany.com

[silverfox1961]

I cannot find a company with the second name you provided

The .net company is a broker

[jill2706]

if u type loans for people with bad credit it will be the 1st to show in the list. oh plz tell me i havent made a big mistake?

[jill2706]

am i tied to this now? i agreed to terms and conditions on line but nothing is set in sstone since they dont have my bank details etc just name and address etc, they tried to flog me a payday loan which i said NO to as have heard they are bad yet afterward got an email to log into valour loans to set up a payday loan

[silverfox1961]

if u type loans for people with bad credit it will be the 1st to show in the list. oh plz tell me i havent made a big mistake?

Doesn't quite work that way. I will send you a private message with the link to the site I have seen then you can confirm (or not)on this thread

[jill2706]

yes this is the one i had to log into to agree to terms and conditions after they rang me to talk me through details, said i was approved with repayment of 105.85 a month would forward email which i had to log in and read the terms and conditions then agree to them!! plz tell me i havent made a major mistake?

[jill2706]

yes this was it?

[silverfox1961]

They are a broker and as such don't offer loans, merely pass your details on to loan providers

They are part of the best 4 loans group with these details

 

 

0624230 Licence Status:Current

Current Applicant / Licensee:

 

Business NameCompany Registration Number Best 4 Loans Limited6034440

 

Categories:

 

Credit brokerage Provision of credit information services, excluding credit repair

 

Right To Canvass Off Trade Premises:No

 

 

Trading Name(s) (Current):

 

Best4loans.co.uk Best4loans.com Unsecuredloancompany.net Unsecured-loan-company.net Valourloans.co.uk Walker and Hammond Whloan.co.uk

 

Issued Date: 16-Jan-2009

Date Maintenance Payment Due: 15-Jan-2014

 

 

Legal Formation:

 

Body Corporate (incorporated inside UK)

 

Current Individuals that run the organisation:

 

NamePosition Mark Anthony Bowker

 

Nature of Business:

 

Other

 

Current Address(es):

 

Address TypeAddress CorrespondenceDale House, 3rd Floor, Tiviot Dale, Stockport, Cheshire, SK1 1TA, England Principal Place Of BusinessDale House, 3rd Floor, Tiviot Dale, Stockport, Cheshire, SK1 1TA, England

From reading the terms and conditions, you have signed up for a subscription of up 26 weeks while they try to get you a loan. I have a funny feeling no loan is in place at this moment in time.

I would be reading the T's&C's very closely, especially the cancellation terms

[jill2706]

funny the more i tried to look into these things i got the feeling they working on behalf of companies, so basically in a nut shell i stand to loose only my fee at the moment i havent signed up for any loans? i can cancel up to 14 days to get my fee back minus 5 pounds of it. which would u opt for? and have you any suggestions bar saving. i know bank will not give me one have already tried them. so grateful for your help and thank u. x jill

[jill2706]

is money supermarket any good or they gona do the same?

[silverfox1961]

I cannot speak for what you should do but if I were in the same position, I would run for the hills. Brokers cannot guarantee a loan.

 

Have you checked out whether you have any credit unions in your area. They may be able to help

[jill2706]

so since its a broker whichever loan company signs me up i dont have to accept the offer then? i can walk away and just face fact ive lost the broker fee? am i right? u have to be saving with cred union for several weeks though i thk i will if ive got away with this and accept my losses.

why would u run for the hills? if u dont mind me asking, i had hoped to pay 26 a week into a separate account for this loan then lift it out week its due and place in right account for loan to be taken. have read a few scary ones bout these loans and i hope i have went through all the right channels and dont get caught like others did

[Dollytots]

Hi my sister paid £50 up front for a loan but didn't get it all they want is your £50 you never really get a loan but they make a massive amount out of people like my sister and you keep away from all loan sharks who want money to process a loan they are not real, it's very easy to get caught up in this, best of luck anyway

[jill2706]

Hi my sister paid £50 up front for a loan but didn't get it all they want is your £50 you never really get a loan but they make a massive amount out of people like my sister and you keep away from all loan sharks who want money to process a loan they are not real, it's very easy to get caught up in this, best of luck anyway

 

hi thanks for that info dolly, have decided to withdraw it, it does say i have 14 days to request a refund on the 45 i paid although they will keep 5 pounds of it!! think i will try saving for a few months with the credit union and go for a loan with them!! im so silly jumping in without really thinkn this tru!! thx jill

[Dollytots]

Your very welcome x