Anytypeofloan.co.uk

I was looking to get a guarantor loan to buy a car, my guarantor has an impeccable credit rating and mine is less than perfect. So this was the best option available to me?? I'm a permanently employed Psychiatric nurse, earning £28k pa, homeowner, and have been for 9 years.

Now don't get me wrong, they dealt with the application swiftly apart from not answering the phone on a few occasions and numerous emails asking me "what am I waiting for?" I didn't appreciate the pressure.

Anyhow, I called them to discuss the loan after they emailed me stating they had "Great News" and to call them immediately to finalise details after they had obviously scored my guarantor. Anyhow they went on to explain that the loan requirements were very stringent, and after careful consideration they had approved my loan. The contact handler/loan advisor/employee/ parasite (no offence), advised me of the payment schedule and monthly interest, avoiding my question of what the APR was several times, to the point where I had to stop him talking, and threaten to end the call, should he not tell me. He then went on to say they are the only guarantor company able to offer £7500, and that the APR was 48% (edit font size 72 for windows vista). Total amount repayable £15500 over 36 months.

I questioned this as the website states representative 16.9% apr in one place, and 22%-24% in others???

He went on to explain they were the only company, £7500, bla bla bla.

I was very pleasant in stating that there was absolutely no way I would be taking out the loan, as it was ludicrous, and requested they cancel my application, which he agreed to do.

He thanked me for letting him know my decision.

I thanked him for attempting to take me for a mug,

How can these companies be allowed to do this? I have had a satisfied loan with Welcome finance, who again, I thought were parasites, giving me 27% APR, I now appreciate their help in my time of hardship.

I had to use these people after I had paid out two separate amounts of £69 to other brokers (both reviewed on this site btw). I only work part time so I couldn't afford to lose the cash again. I needed a guarantor as I only work part time and they even collected the documents off me and most importantly, they did not charge me a fee like the other two brokers. It all took just 5 days from start to finish.