has any one used bad credit loans u before?
i am thinking about getting a unsecerd loan with them cause i need a loan urgently they have quite a low intrest rate 21% as i have extremly bad credit but it sounds to good to be true they said i need to put £50 in my bank account and they will take it out then i will get the loan and pay back £76 per month for two years so what do you think is this a scam ??? how can i find out for sure that this is not a scam ??
It’s a scam if htey are asking you to put money into your bank acount and they will take it out. This is a scammer who wants your bank details so they can empty your account
You never pay money upfront to get a loan
If you are in the UK all lenders are required by law to be registered with the Financial Services Authority (FSA) http://www.fsa.gov.uk/register/firmSearchForm.do
Enter any company name in the search box and if it does not show up, or does not show up with the same address you were given, you know it’s a scam
21% is an extremely high rate of interest…don’t know why you think it isn’t much that’s 21% of the loan added on every month….not 21%over all…They do not guarantee you a loan they search for one on your behalf and charge you £50 for this whether they find one or not…you could do this yourself for no cost…if at all possible avoid this and join a credit union in your area…some lend money without a history of lending and the interest is about 1%.Basically getting a loan from this company will not help you in the long run