written by on 04/08/2010
FC Loans - Steer well clear!
What they do is similar to other loan brokers that simply pass your details to other loan companies. Difference is they charge a fee and deliberately mislead you. You are told from the start that the loan you want is available and quote an APR that they say won't change much. All you have to do is pay a document transfer fee, a letter saying your money has been allocated follows. In reality, there is no guarantee of a loan, no money is allocated, it's the actual loan companies that decide whether or not you get the loan and at what interest rate. Staff range from incompetent to downright rude.
Not worth bothering with considering there are many other companies offering similar service with no upfront fee.