Paragon Loans Reviews
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3 Reviews For Paragon Loans
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Guest 9th Jun 2009
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Good Points: Not one!
Bad Points: Loads and loads, like to write repeated letters and phone calls to just charge you for them!!!
General comments: I borrowed 15,000 from Paragon Loans in 2000, asked for a settlement figure, only to find out i still owe 9, 874.00!! after paying 245.00 per month for the last 9 years& 5months, i have paid up to date, £ 27,600.00!!!!!
when will this debt ever end!!!!!
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Oldson26 24th Apr 2008
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We took out a loan with these guys a couple of years ago to help concilidate some debts we had racked up. This last year alone the interest charges went up 5 times and now the rate has come down they tell me they are not linked to the B of E so thats just tough. Also when I asked for a settlement figure I'm told they have to post it to me so that was yet another problem. On top of that in the last 2 months we have had a dozen letters and phonecalls trying to persuade us to borrow yet more money! ...- Read Oldson26's review (169 words)
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rover75driver
2nd Feb 2004
On average, people found this review very helpful
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I took out a loan with Universal Credit (now Paragon personal finance) in 1994. I wanted to borrow £3500, but they insisted I pay off an exisisting loan, so the total borrowed was £6000.
4 years into the 6 year loan I lost my job and could not afford the repayments. My local CAB money centre negotiated reduced payments to Paragon and all seemed fine. The problem was Paragon forgot to mention they would continue charging interest at a very high rate. I was paying £10 a month an ...- Read rover75driver's review (257 words and 9 comments)
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