con artists avoid at all costs

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terilou87's review of Loans 4 U www.bad-credit-loans-4-you.co.uk

★☆☆☆☆

“con artists avoid at all costs”

Written on: 09/08/2012 by terilou87 (13 reviews written)

this is the worst company i have ever dealt with!! avoid at all costs.
I have been conned out of £59.50 by this company, i originally called to find out what implication getting a consolidation loan would have on my credit report, i was told it would be like another loan and all i would need to do is go through a quick application and the money would be in my bank in 3 working days. so i went through all the details and was told i needed to pay and admin fee of 59.50 to process the loan then i would receive a email that i would need to print off sign and send back. naively i agreed. i did not receive the paper work so had to phone to get this emailed again. When i received it, it was not a form to sign but another loan application with terms and conditions saying they were brokers. I was made to think that the loan was going to be from them!! as i had already paid for the admin fee i read the terms and conditions they stated:( Nationwide Loans 4 U Limited here after known as ‘the company’ agrees to refund the administration fee in the unlikely event that they are unable to provide the applicant with the details of a loan for which their application will be accepted.) as this was their terms i sent back the forms. they passed my details on to a loan company who were not able to help me, they then passed my details to "another loan broker" who can only accept me with a garentour which i don't have, i made them aware of this and asked for my money back as they can not provide me with a loan. The woman said she will start an investigation and i will here about this in the next two days. today i received a letter saying we thank you for choosing our service and returning the required paperwork. we regrettably inform you that the lender we had lined up for your unsecured loan has declined your application. therefor you are now entitled to a no obligation assessment with a local advisor. just to cut it short they are trying to put me intouch with a debt management team when i already made them aware that as part of my job contract i can not do this. so again i called today and asked for my money back i was told this would be investigated again. all they are doing is trying to avoid paying me back the money i have paid.i am reporting them to trading standards and the fsa i am so angry, i posted this on here as i did search for reviews and could not find any anywhere.

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Xxxbrowneyesxxx's Response to terilou87's Review

Written on: 15/08/2012

same for me i applied in may was told loan accepted and i paid fee
of 49.50 what a fool i was they put me on to two lenders both declined me, did state that if you dont get loan you can have your money back i have requested refund they have refused now asking for me to pay to get a copy of my credit report and they will continue to search for a lender for me these companies need taking of the face of the earth please do not use these scammers i intend to get my money back but others please do not use these people
i dont know how hey sleep at night its disgraceful that they can get away with this

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Terilou87's Response to terilou87's Review

Written on: 16/08/2012

they are trying to get me to pay for the credit report too. i am waiting 8 weeks and then going to fsa. iv tried to complain to them and they are ignoring me after 8 weeks i can get the fsa to look into this for me.

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Lmas1's Response to terilou87's Review

Written on: 07/11/2012

the reason why you couldn't find any reviews is because they had that many bad review they shut it down! they are a complete shambles i had the same problem im not going to write about what happened as it is too much to write and explain again but i will say one thing STAY AWAY FROM ALL THESE BAD CREDIT LOANS AND PAYDAY LOANS ECT THEY ARE THERE FOR ONE THING AND ONE THING ONLY TO CAUSE YOU UPSET AND TAKE YOUR MONEY WHEN IN NEED, I WAS SO STUPID TO GET CAUGHT UP WITH THESE PPL!! COMPANIES WHO WANT UP FRONT FEES, STAY CLEAR, YOU SHOULD NOT BE PAYING MONEY OUT TO RECIEVE MONEY!!

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Terilou87's reply to Lmas1's Comment

Written on: 09/11/2012

yeah this was a couple of months ago now iv definatley learnt my lesson, 60 quid out of pocket they couldnt get me a loan and i refused to pay extra for them to credit check me aswell so they refused to give me my money back. hope people read this thread before going anywhere near them

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Smartieslover's Response to terilou87's Review

Written on: 19/02/2013

Thank god i just stumbled accross this site. I was thinking about taking a debt consolidation loan from this company but was waiting until next week to pay the £49.50 processing fee. I specifically asked the woman on the phone if i pay the processing fee is there any way your company can then refuse then loan. She said " no, your loan has been accepted with us and once you have paid the fee we will send you out a copy of your loan agreement to sign and return. Then we will process the paperwork and the money will be in your bank no later than 3 weeks from the day we receive your paperwork back." But after reading these reviews i think i might give it a miss now. Thanks guys

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Boomoo31's reply to Smartieslover's Comment

Written on: 26/02/2013

I did the same thing I rung up and cancelled but trying to find another loan is proving difficult hence why they re trapping people as they re automatically just saying yes! Glad I looked further and actually find some reviews lets hope they dnt just take the fee any way!

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