Written on: 28/06/2013 by Seb9025 (1 review written)
My review I'm guessing is a lot similar to the majority of reviews already on here; I took out a £500 guarantor loan, at the time it was used to pay off smaller bills so ultimately I would end up having just this debt to pay off. I assumed with a guarantor loan, it would be safer and cheaper than the usual payday loans, especially offering a longer repayment plan. The loan was taken out nearly 2 years ago and my balance is now at £336.96, this is paying £50approx a month, which as many know is just generated interest added on to the balance after each payment. I have been in touch with FLM loans many times regarding this disgusting greedy scheme, all times have been greeted with rudeness and ultimately no help at all apart from being told "Pay more then every month", easier said than done when you have other bills to pay and was under the assumption at £50 a month, it would be paid off quite quickly. Do not make the same mistake and get anything from this company, I guarantee you will regret it and youwill end up putting yourself in financial difficulty with paying off a never ending balance.
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