Monday, August 23, 2010

Advice about personal loans - Advantage loans - are they legitimate?

I've applied for an unsecured loan through a UK company called Advantage Loans. They are a broker and claim that they have found a company who will guarantee to give me a loan (bank have said no as borrowed too much already but want to consolidate a few things). The only thing is they have asked me to send a cheque for 拢49.50 for their services and I'm very wary of this. They say they are registered with companies house and have a website etc but how can I find out if they are legitimate and/or has anyone had a good experience with this company. I'm worried they'll take my money and say no to the loan. Any experienced help would be great thanks!Advice about personal loans - Advantage loans - are they legitimate?
i would say be very careful with this company. check out as much as you can. get an independant company to check for you. if you can consult a solicitor. some have the first consultation free and pay after. regards | LeslieAdvice about personal loans - Advantage loans - are they legitimate?
I would apply with a company like surefire finance they are a broker but don't charge fees for unsecured loans
There are 2 types of personal loans 鈥?secured personal loans and unsecured personal loans. Secured personal loans require you to pledge any of your assets like you house to the lender as collateral. Many people choose this type of loan due to many benefits like lower interest rates, long repayment time and easy terms and conditions. But your asset is under threat if you cannot make timely payments. Your asset can be taken over by the lender and thus you lose the possession of it
Don't touch them.





All they will do is take your money and pass your details to Black Horse. (Who will charge you 40%apr)
the other thing you need to check urgently is their interest rate. it will be lots higher than banks. you can end up paying back double what you borrow. if as you say the bank has already declined it might be less painful to go to cab and get them to help you work out a budget and they can help get in contact with creditors and try to freeze interest on monies already outstanding. why end up in bigger financial trouble if you dont have to
  • bumble and bumble
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