Nemo Personal Finance Reviews
Latest Reviews
★☆☆☆☆
“Nemo Shark Loans”
Written on: 15/05/2013 by Daveo1975 (1 review written)
I took a loan out with Nemo for 25k in 2007 and they lumped on another 5k for Payment Protection insurance taking the total up to 30k, after 5 years of paying off this loan at £339.00 per month I still owe them 24k. I have paid them to date £21696.00 and this agreement does'nt end until 2022. I once had one month where I didnt make one payment due to me being out of work and I asked if I could activate my payment protection and the reply was your not covered as you haven't been unemployed... (read more)
★☆☆☆☆
“Nemo are Pants !!”
Written on: 30/04/2013
Nemo are bullies after sending in a financial statement to advise cannot afford to pay at present due to financial difficulties. Their answer is no !! and now looking to repossess my home for £1200.00 Personally would not recommend to my worse enemy as they are as bad if not worse than pay day loans. (read more)
★☆☆☆☆
“thank you”
Written on: 26/03/2013
thank you to everyone writing in a review; I was really happy to find the cheap rates that Nemo offered; but now I will steer well clear of them due to the sorry experiences that other people have suffered through them. (read more)
★★★★☆
“upfront information”
Written on: 10/03/2013
25,000 consolisation loan, no fees not like freedom who wanted to charge over 2,000 for finding a nemo loan when u can do it yourself on line.all details sent in post with time to consider,second papers sent out needing witness, all parties on application contacted and talked through details of loan to be sure of payments etc. 25,000 over 10years £292 a month at 7.4% interest much cheaper than credit card interest and excisting loan so pleased with outcome.liked the clear paper work and... (read more)
★☆☆☆☆
“THE ROAD TO LOSING YOUR HOME”
Written on: 18/02/2013
After borrowing on a secured loan - the crash of 2010 has since me lose my job, and none likely my house. Falling into financial problems meant major cuts ALL creditors were helpful except Nemo. Their arrogant and bullying has broken my wife to a nervous wreak. Bleeding us dry. They simply won't listen or care. PLEASE DO NOT TOUCH (read more)
★☆☆☆☆
“Never go to Nemo”
Written on: 16/02/2013 by Linda1212 (1 review written)
We took a 20grand loan out with Nemo in 2007, paying them back 250 each month. In 2012 the PPI claims surfaced so we decided to claim ours back after getting charged it on our loan after 9 long months we were successfully and the full amount less simple interest was credited to our Nemo account, so after 5 years worth off payments and 6.5grand was credited we still owed 18.5grand!! In January 2013 we sold our property for £130,000 we owed £120,000 on mortgage and £2000 on solicitors &... (read more)
★☆☆☆☆
“Thank u people!”
Written on: 12/01/2013
Thanks for all the reviews. I did an online search for loans and was just about to apply as it had good rates, but decided to do a quick check on this company - and thank God I did!!! Reading these reviews terrified me... I see there is one rogue comment giving them a 5 star rating, obviously this is a fake comment written by an employee. Do you checks people - I'm so glad I did! (read more)
★☆☆☆☆
“Outrageous loansharks!!!!”
Written on: 26/11/2012 by Aimeep
Nemo finance are very happy to lend you money but its a very different story when you have any financial difficulty. After my marriage broke down I struggled to pay my bills and had 2 small children. Every company was helpful apart from nemo! I was told they would take me to court and apply to repossess my home. It's a complete joke I borrowed 10,000 and have paid back over 14,000 yet I still owe them nearly 5,000 how is that???? I pay £50 a month and £31 of that is interest it's truly... (read more)
Speedy66's Response to Aimeep's Review
Written on: 27/11/2012
I find it disgraceful that this firm has not at least frozen the interest on this loan, given this ladies circumstances. Have they not already made enough from her? Shame on you, Nemo!
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★☆☆☆☆
“Daylight robbery”
Written on: 18/10/2012
Do not ever use Nemo, this is the first time I have ever entered a review on anything on the internet but feel so strongly about how bad this company is that I hope mine and the other reveiws here stop other people making the same mistake I did. I borrowed £24k when I was desperate in 2007 (secured against my property)and have paid off £17.5k only to be told that I still owe £22k. I don't know how this can be legal because it's quite simply astounding how they can charge so much... (read more)
★☆☆☆☆
“The Money Trap”
Written on: 31/05/2012
NEVER , NEVER BORROW FROM NEMO, EVER !!!! Borrowed against my House, lost my job EVERY lender was understanding except for Nemo, they are no better than thugs who turn up on your doorstep.The bully boy attic they use were totally un-acceptable. (read more)
See next 10 reviews
Showing 1 - 10 of 27 Reviews
★☆☆☆☆
“Passport”
Written on: 18/01/2012 by Alanwhite52
I applied for a loan with Nemo against my property and after giving them everything they asked for and being told in the morning by the agency that put me onto them that everything was fine and should receive my payment in a couple of days, they called me in the afternoon asking me to send my wifes passport (is this company real?) I went this morning to my building society very helpful and a lot cheaper payments than nano. (read more)
★☆☆☆☆
“nemo will rob you blind”
Written on: 29/07/2011 by marcot (1 review written)
borrowed £30000 paid it for five year asked them for a settlement figure they told me £48000 ...stear well clear (read more)
Guest's Response to marcot's Review
Written on: 04/08/2011
18000 how can that be
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Cal94's Response to marcot's Review
Written on: 04/08/2011
I just asked nemo for redemption figure on my 25000 loan taken 30 months ago and apron figure including solicitors fees was 26150 ... Of course that has still to come in writing ! Why is there such a massive variation?
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Marcot's Response to marcot's Review
Written on: 06/08/2011
i can prove this to any one who wants to see this in writing ?
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Guest's Response to marcot's Review
Written on: 22/08/2011
Is the redemption figure of £18K extra in line with your original key Facts Illustration - usually the interest rate and the redemption penalty is stated on this and should prove that the £18K extra is incorrect.
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★☆☆☆☆
“I borrowed £15k on my property in 2005 with Nemo,...”
Written on: 15/05/2011
I borrowed £15k on my property in 2005 with Nemo, whist running a small business, as my business partner withdrew a few months after I took the loan, the business stsrted to suffer, for various reasons. By early 2006 I realised that my business would not be as profitable as it should be and I was financially suffering, I decided to put my property on the market to pay all my debts off so I could start again, I accepted an offer on the property, and waited for a total of 8 months before I... (read more)
★★★★★
“WE USED NEMO WHEN WE NEEDED TO BORROW SOME MONEY TO DO...”
Written on: 12/04/2011
WE USED NEMO WHEN WE NEEDED TO BORROW SOME MONEY TO DO SOME HOME IMPROVEMENTS AND PAY OFF SOME OTHER CREDIT CARD DEBT. THE PROCESS OF APPLICATION WAS SO SIMPLE AND STRAIGHTFORWARD AND WE WERE ABLE TO HAVE OUR MONEY VERY QUICKLY. WE WERE DEALT WITH PLEASANTLY AND EFFECTIVELY AND NOTHING WAS TOO MUCH TROUBLE FOR THEM. WE HAVE JUST SETTLED OUR LOAN EARLY AND AGAIN, UNLIKE OTHER COMPANIES WHO DID NOT WANT US TO PAY OUR DEBTS OFF, THEY COULD NOT DOO ENOUGH TO HELP. WE WOULD HIGHLY RECOMMEND... (read more)
Guest's Comment
Written on: 12/07/2011
This review in CAPITAL LETTERS has to be written by an employee of Nemo or someone associated with Nemo. I dont believe for one minute that this is a happy customer.
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Guest's Comment
Written on: 26/08/2011
i can only imagine you either work for this company or youve been paid to write this review , i have yet to come across anyone who is happy with this company , its truly like selling your soul to the devil
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Downwithnemo's Comment
Written on: 14/12/2011
do you know what you are talking about . have you check your rate you paying . ? miss a payment
nemo is awful .MISLEADING , RIP OFF COMPANY
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Speedy66's Comment
Written on: 14/11/2012
Is this review based on a true story? I strongly doubt it. If you're contemplating borrowing from these people, I suggest you pause to wonder why they need to stoop to these tactics.........
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★☆☆☆☆
“I really can't see a reason to give this company a...”
Written on: 10/11/2010
I really can't see a reason to give this company a single star. They pray on desperate people and once they have their claws in, you cannot get away from them. We borrowed 36k and after 4 years of paying £600.00 per month we now owe them 54k. This loan has been mis-sold. They now claim that we borrowed 49k but 9k of this was for credit insurance which we did not ask for. I am currently taking legal advice and would advise anyone in a similar situation to do the same. Avoid these blood... (read more)
Guest's Comment
Written on: 26/05/2011
Yes I totally agree with you Nemo are truly shocking. They get their claws in to you and then reel you in hiking the variable rate irrespective of market conditions & the BofE base rate. My advice to anyone is to stay away from these un-ethical blood sucking parasites!!
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Guest's Comment
Written on: 12/06/2012
haveing the same problem.nemo ow me my ppi but 4 months have passed and they still wont pay out.wher do i look for advice thanks?
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Mistery's Comment
Written on: 24/06/2012
Im having the same problem with nemo theyre placing me in repossesion and my house in negative equity...they will not negotiate and i will end up homel.ess dont know how they sleep at night.
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★☆☆☆☆
“If you have money problems DO NOT GO TO NEMO, I did...”
Written on: 04/11/2010
If you have money problems DO NOT GO TO NEMO, I did and have regretted it, they set the interest on the value of the last house sold like mine, very low so their interest high, then value it again to give me enough assets to take the loan when I was desperate. Your monthly payment will be almost all interest. Go to payplan, they will help you without ripping you off. I wish I knew about them before taking a loan to pay off debt (read more)
★☆☆☆☆
“Thank you to all of you that wrote reviews about nemo...”
Written on: 31/08/2010
Thank you to all of you that wrote reviews about nemo finance, you just gave us the reality check we needed!! Good luck for the future!!! (read more)
★☆☆☆☆
“I had a gambling addiction, while on a gambling site...”
Written on: 15/07/2010
I had a gambling addiction, while on a gambling site nemo popped up with remortgage now.. I did to support my habbit. Unknown to them as everything was done via postal service I forged my husbands signature as I am not on the property deed.The loan was accepted immediatley, then 6 months later a letter came to say I was such a good payer why dont i top up the loan, being a gambler I did.This was 2005,after addressing all my issues in 2009 after stopping the payments to nemo in 2006, I went... (read more)
★☆☆☆☆
“yes you are quite correct they lend to people at risk...”
Written on: 13/04/2010
yes you are quite correct they lend to people at risk but also when the times are tough flexibility should be with the lenders, peoples circumstances change and if you are fortunate to be in the same job and in the same relationship all your life then that's great but if things change as they do, then there should be the choice to sell the house ans pay the loan back before repossession as with my first mortgage lender, nemo didn't even give me the opportunity to sell my house, to their... (read more)
★★☆☆☆
“I realise that the PPI is a rip off, as it generally...”
Written on: 24/03/2010
I realise that the PPI is a rip off, as it generally is with all insurance sold by the lender at point of sale, but surely you know the interest rate when you sign up for the loan so how can you complain after the event. Interest rates are high because generally speaking the borrowers are a high risk and the company has to make a profit when customer default (they don't make money on repossessions, they just reduce the amount of their loss). I don't think you'll find that Nemo is any worse... (read more)
See next 10 reviews
Showing 11 - 20 of 27 Reviews
★☆☆☆☆
“We have had our home repossessed. Our first mortgage...”
Written on: 21/03/2010
We have had our home repossessed. Our first mortgage lender were not interested in taking us to court, 2nd Mortgage lender - Nemo had instructed Solicitors to take action, they were not interested in me trying to sell the house and keep the roof overf our heads, we have no home now and they are still trying to chase us for the debt, the loan which is now unsecured. Nemo are bunch of crooks, avoid borrowing any money with them and if you do DO NOT take the PPI with them.
(read more)
★☆☆☆☆
“This company want taking to court to pay back the...”
Written on: 02/02/2010
This company want taking to court to pay back the money they have taken from unsuspecting desperate customers like us.Borrowed £28000 only to be charged another £8000 for 5 year Payment Protection Insurance(doesn't even cover half of term of loan).Absolutely disgusted with attitude of staff when challenged about it.Now been waiting nearly 3 years for financial ombudsman to build a case and still awaiting a decision to get our money back. (read more)
★☆☆☆☆
“DO NOT GET BORROW ANY MONEY OFF OF NEMO FINANCE.we...”
Written on: 20/01/2010
DO NOT GET BORROW ANY MONEY OFF OF NEMO FINANCE.we made the mistake and because of them we are going to lose our house.they ripped us off made things impossible and treated us like dirt.....thanks to them we will end up bankrupt.....THANKS NEMO...you morons (read more)
★☆☆☆☆
“stay clear of these lot we took a 50000 loan 5 years...”
Written on: 12/10/2009
stay clear of these lot we took a 50000 loan 5 years ago have payed 33500 so far settlement figure today is 44000 if we pay the 610 per mont for rest of term we will have payed 109000 for a 50000 loan they financially rape you when you are desperate (read more)
★★★★☆
“Nemo truely awful, told they were governed by Libor...”
Written on: 11/06/2009 by aisbitt
Nemo truely awful, told they were governed by Libor thats why they didnt reduce interest rate from 12%, libel is now 1.5% and nemo still charge 12% to a loyal customer of 7 years, now nemo say no where in the contract do they say they are governed by libel, they should make their minds up, dont get a loan with them, if your payment is a day late they claim you are in arrears. Disgusted with their ethics. (read more)
★★☆☆☆
“They have many hidden fees, here check them out... ”
Written on: 26/02/2007 by dwdavidwalker (8 reviews written)
They have many hidden fees, here check them out...
At Nemo we like to keep our customers informed. The details of the standard fees we charge are listed below:
Administration Fees
Telegraphic Transfer £30
Change to Direct Debit Payment Due Date £25
Statement of Account - 12 month transaction history.
Chargeable for 3rd party requests only. £25
Settlement Quotations - Payable on 2nd and subsequent requests. £25
Changing the term of your loan £125
Our consent to...
(read more)
Sab424's Response to dwdavidwalker's Review
Written on: 10/12/2012
So glad I found these reviews. I applied for a 7k secured loan to clear some debts they talked me into upping it to 15k. I recieved the paperwork saturday and all the jargon and fees were confusing hence why I looked them up, We also found them through a search on moneysupermarker which we assumed would be a good loan, the broker fluid finance were charging 1175 to set up the loan.....Think I will stay well clear
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★★★★★
“I filled in the box and got a call back within the...”
Written on: 21/09/2006 by arossey
I filled in the box and got a call back within the hour. Nemo Personal Finance can offer loans to some people with a bad credit history, and as it is a direct link, they don't charge a broker fee. I was quoted £250 elsewhere.
It is a good site, and I will be recommending it to friends.
(read more)
Dwdavidwalker's Response to 260463_arossey's Review
Written on: 27/02/2007
I totally disagree. Wait until you have had your loan for 3 months plus, then you will see a difference (interest starts changing). Also, if you have a mortgage and you change lenders like most homeowners do now every 2 years, and you get the letter from Nemo Personal Finance saying we need £700 to £800 just for you to change mortgages, read my review.
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Daveo1975's Comment
Written on: 15/05/2013
Great to see a employer writing reviews for Nemo.