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.

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 list of questions, also clear about charges and early repayments etc. lots of negative feedback made me doubtful at first and the variable rate but after talking it through with advisor and having it in writing i was very clear about what i signed up for, negative reviews tend to be if people had trouble paying back loan but at the end of the day its a business lending money.....

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

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!

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 interest. I feel very foolish for having got myself embroilled with them in the first place. In addition their tactics to hound you for any late payments is, as another reviewer accurately describes, like a bunch of thugs. I have recently lost my job and tried to agree reduced payments (not stopping payments, just reduced) for a period of time until I get another job. They have been calling at all hours and sending numerous letters and when I have spoken to them they have been quite threating in their manner to make me prove that I am unable to pay the full monthly payments for a short time. Please do not ever be tempted to use them, speak to a debt management company like Payplan who are like a dream compared to Nemo!!

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.

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 fell into negative equity, because Nemo could not get of their asses to make a decision to let me sell and pay them back, even their solicitor was on the phone to my solicitor saying they could not understand the vindictiveness. One week they would let me exchange contracts, then they changed their mind, then they changed their mind again, until they decided they would take their chance with a repossession as the property should have risen in value by then.
Ironically I had a letter from the estate agents congratulating me with the house sale.

In the end anyone who is in business, should be happy to cut their losses when faced with such a situation, but not Nemo.
Avoid them at all cost!!!

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 THEM TO ANYONE WISHING TO GET A SECURED LOAN.

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 sucking parasites!

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

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!!!

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 bankrupt, bare in mind they never pursued non payment of the loan untill they were told I was bankrupt.They then had my husband and myself arrested on fraud charges.My husband thank god was cleared but I face crown court for fraud,I warn all people they are quick to lend via post, but will take your life from you with no remorse.We did offer nemo 10k but they refused, now it is going to court and they wont get a penny just a prison sentence for me they say they wish they accepted the offer.NEVER USE THIS COMPANY

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 disadvantage as they didn't get all there money back and it then becomes an unsecured loan where i still have to pay it back, they don't just write the loan off. Before you make judgement i would suggest you know peoples circumstances before you reply as it is not all about interest rates and lending to high risk lenders, most people do actually want to pay the money back that they borrowed but the opportunity has to be in the first place and it wasn't with Nemo.

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 than other such companies (most of who have now gone out of business because they were unable to make a profit). I would hate to be in a position where I am risk of losing my house, it must be terrifying, but individuals have to take some responsibility for borrowing too much money in the first place.

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.

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.