Magic Loans Secured Loan Reviews

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Latest Reviews

“Amazing service and great people! Very affordable! ”

★★★★★

written by Regan474 on 14/11/2023

This company is. Amazing if you need a loan ! Very affordable not like other companies at all ! I strongly recommend it !

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“As I had bad credit rating they insisted that I pay...”

★☆☆☆☆

written by 201Griffin on 16/12/2022

As I had bad credit rating they insisted that I pay for ppi before they said they could release the loan. Once I paid the ppi they then said I needed to pay more for tax reasons... Bottom line, they had $799 out of me and I still haven't got the loan I wanted.

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“nightmare cold calling texting privacy invading shisters !”

★☆☆☆☆

written by Chris5424 on 20/07/2016

title says all DONT USE Unless ur a mug or a crack head))

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“DO NOT GO WITH THEM…CONMEN!!!!!!”

★☆☆☆☆

written by on 13/03/2015

They are snakes, THEY WILL TAKE MONEY FROM YOUR BANK WEITHER YOU HAVE THE LOAN OR NOT……U HAVE BEEN WARNED….

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“Stolen £70 out of my learning disabled brothers...”

★☆☆☆☆

written by on 06/05/2013

Stolen £70 out of my learning disabled brothers account! Be ashamed you scum :-@

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Celtic_Tiger's Comment

Written on: 14/05/2013

bloody disgusting bro

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“Having been ripped off by this Company in much the...”

★☆☆☆☆

written by sc32 on 28/04/2011

Having been ripped off by this Company in much the same way as other reviews, I wanted to report a success story with getting my money back. I got caught after repeatedly asking the sales person that this was a genuine loan offer. After getting his assurance that it was genuine, I paid my £69.99. Soon after, I checked this review site and realised that something was wrong. I had been referred to Enhance through Churchwood Financial. I therefore contacted the Compliance Officer at Churchwood who was great. She advised that they were no longer referring clients to Enhance but also that she would request a refund on my behalf. To follow this up, I then used the letter from getyourfeesback.com and one week later, I got mt money back - less a £5 admin fee. So my advice, if you were referred to Enhance by Churchwood, contact them, also use the letter at getyourfeesback.

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Guest's Response to sc32's Review

Written on: 15/07/2011

That's great you got your money back but you could have simply filed a complaint via your bank? That's what I did. I too, stupidly paid the £70 then checked this site and knew I was ripped off. I cancelled the agreement within 7 days and they promised to return my money after a month. When that didn't happen - I contacted my bank and they got my money back for me. I was ecstatic! I was also referred to Magic/Ehance via Churchwood. I was angry at them for referring me to a useless loan company. I'm glad that they are no longer doing that.

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Rachymary's Response to sc32's Review

Written on: 09/09/2011

They are still refering people there, They did it to me in May. I am still waiting for a refund 75 days later and ive now contacted my credit card company.

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Guest's Response to sc32's Review

Written on: 09/09/2011

I can assure you they are still sending people to Enhance, It happend to me in May, Im still trying to get my money back. Im now contacting my credit card to see if they can help.

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Guest's Response to sc32's Review

Written on: 25/07/2011

Lending agencies often reject the loan applications of borrowers with poor or bad credit standing, but this is not the case for a secured loan. This is because many lending institutions do not require good credit before they approve a

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“I had the misfortune of parting with £69.99 on the...”

★☆☆☆☆

written by on 07/03/2011

I had the misfortune of parting with £69.99 on the promise of a loan! A friend pointed me to this website as she was ripped off by YES Loans and got her moneyback after using www.getmyloanfeesback.com

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“i wish i did my research on these fools am so angry...”

★☆☆☆☆

written by on 23/12/2010

i wish i did my research on these fools am so angry its on real am never trusting anyone that calls me again without research. the police really need to get on this as a matter of fact am reporting this to CRIMESTOPPERS . THEY RIPPED ME OFF TOO.

THIS IS CRAZY IVE NEVER FELT SO VIOLATED IN MY LIFE

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“I WOUD JUST LIKE TO THANK EVERY1 THAT WROTE IT THIS I...”

★☆☆☆☆

written by EMMA3965 on 29/11/2010

I WOUD JUST LIKE TO THANK EVERY1 THAT WROTE IT THIS I HAVE JUST HAD A PHONE CALL FROM THESE IDIOTS TELLING ME I HAVE BEEN ACCEPTED FOR A LOAN AND THAT I NEEDED T PAY THE £69.99 IF IT WASNT OR TE FACT THAT I HAVE BEEN RIPPED OFF THIS WAY BEFORE BU NIZ FIANACEALI WOULD HAVE DONE IT. I ASKED HIM ON THE PHONE HOW HE GETS UP EVERY MORING KNOWING HE IS RIPPING OFF INCENT PEOPLE LIKE URSELFS HE SAID WE HAVE TO MAKE A LIVING SOMEHOW. WHAT A CHEEKY B*****DI HOPE U ALL GET UR MONEY BK THANKS AGAIN X

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Fistboy73's Response to EMMA3965's Review

Written on: 13/12/2010

magic finance proper rip off ,i applied online ,then got phone call ,saying loans gone through ,had to pay £69 up front was told i'd get it back ,broker said i'd get loan of 17% payback two years sounded great ,got paperwork ,loan was 49%apr over 3 yrs and needed a garantor

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“Magic/Enhance Finance what a joke!!!! ”

★☆☆☆☆

written by on 24/11/2010

Magic/Enhance Finance what a joke!!!!

Referred toEnhance finance from Churchwood for me to get an unsecured loan for help with my wedding!

Enhance took the application.Aware i was a tenant on benefits.Said that was not a problem. Gave me all the information and repayment terms etc.Told me they required a £70 brokerage fee which was returned within 30 days of loan completion unless i failed to return the paperwork. This is something i double and triple checked through the conversation. I was never asked about a guarantor.



Told me i was accepted.CONGRATULATIONS!! Paperwork would be sent within 5 days to be signed and returned allowing fund to be transferred.

This morning i received an email application pack from Enhance which they require me to print and return even tho i stipulated i had no access to a printer.And i was under the impression that was what the 25min phone call was for yesterday!

I was then emailed twice by TFS LOANS on behalf of enahnce and churchwood as my lender.Saying loan was accepted and giving me my reference number.All i had to do was complete paperwork (guarantor filling some in which i was unaware of and do not have) and send ID.



I rang TFS who said they had no record of me and had sent no emails I rang them to ask why i had been accepted for a loan where u needed a guarantor which i knew nothing about.Told me they couldnt do anything for me and to chase enhance finance to get my money back.



Rang enahnce finance to question all this.I was in queues and put on hold and went round in circles for 25mins.Got through on the sales/payment line within 5 secs.Told me they couldnt help an ring bk tomorow.They were very very rude and abusive. Laughed down the phone at me.When i threatened them with ombudsman and police for not giving me the service they took money for their exact words were "Go to the f*****g police they wont do anything". I asked 10 times for the managers name to which on the 10th time i got "errrr Dave if u want".They then hung up.

Tried calling them back 5-6 times and they just picked it up and put us on hold forever or just didnt answer!!



I assume from reading these reviews i will never see my £70 (which is alot to loose from my small amount of disability benefit i get) and i will never recieve the loan i requested.

Has anyone really had many success stories from chasing these mugs?

I am writing to the FSA etc but dont know how likely i am to get a great response?

PLEASE STEER CLEAR OFF THESE FOOLS!!!!!!

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“This company also trades under enhance financial...”

★☆☆☆☆

written by LYNDSEY02 on 20/11/2010

This company also trades under enhance financial services please beware if they ring you hang up. They fraudlenty charged me £69.99 and then when you ring them to complan its a premium rate number. These people are sick individuals preying on vulnerable struggling people. Please beware and learn from my mistake hang up on them without divulging any details. I am currently going to report to OFT, FSA and watchdog. When I checked with FSA about their regulations they are no longer authorised by FSA FROM 17/11/10 BUT STILL TRADING PLEASE LEARN AND DONT GIVE THESE BOYS ANY MORE MONEY OWNER WORTH 77 MILLION!!!!!!

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“Would not have given any starts but I had to. I...”

★☆☆☆☆

written by on 17/11/2010

Would not have given any starts but I had to. I contacted these s*** of the earth after receiving an email from easy apply credit been looking for a loan for months sounded too good to be true and it was, I was charged the £69.99 and after 2 days of messing about I realised the company was a FAKE, I was lucky and got my money back before it was taken from the bank also had a stop put on my card and have now closed the account on advice from the bank. These trade under the names of Magic Finance, Enhanced Finance Solutions and Finance Store to name but a few, my advice to anyone is if you fall for this you can claim back your money through the bank as long as the payment has not left your account then stop your card and ask the bank to close the account and open up a new one. I will keep updating this site with any other names of company's linked together with the 3 named above, this company met it's match when it met me! I also think people like us need to complain to the likes of the FSA and also watchdog and the more complaints the more they will take notice, I am also looking into my own web page to advise against not only these company's but also to name and shame company's linked to them and the people that work with in them, will leave web address details once it is all up and running.

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“hi my grandson also got ripped of for 70 pounds by...”

★☆☆☆☆

written by on 29/10/2010

hi my grandson also got ripped of for 70 pounds by these load of rubbish he is an apprentice so couldent afford to lose it as not many people can and why hasent someone done something his family and him and me have tryed to get this money back i sent a recorded letter saying i would take them to the small claims court i have had no come back. can someone out there tell us how we can get together and fight these discusting people.

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Guest's Comment

Written on: 20/07/2011

I'm willing to meet with people as many as i can to tackle them officially and legally.My email address is [email protected]

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“DO NOT GO NEAR THIS COMPANY. ”

★☆☆☆☆

written by on 28/10/2010

DO NOT GO NEAR THIS COMPANY.

I APPLIED FOR A LOAN IN JUNE PAID £70 AND I HAVE NOT HEARD FROM THEM SINCE, . PHONED YESTERDAY AND GOT NOTHING BUT RUBBISH.

PLEASE CONTACT THE FSA 0845 606 1234

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“I feel like such an IDIOT! I'm usually so careful but...”

★☆☆☆☆

written by on 25/10/2010

I feel like such an IDIOT! I'm usually so careful but I guess I was too desperate. Have cancelled my card after making the payment of £69.99 over the phone to some guy at Magic called Paul, hopefully my bank helps get my money back. These loan comparison websites should have some responsibilty in ensuring that these are valid loan providers before directing people to these fake websites!

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“has any one got there money back from these people as...”

★☆☆☆☆

written by on 17/10/2010

has any one got there money back from these people as i keep emailing them and i get no reply, this company has to be stopped before more people get ripped off.

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“Magic Loans ha what a joke I was made redundant just...”

★☆☆☆☆

written by on 29/09/2010

Magic Loans ha what a joke I was made redundant just before I became a single mum, so really cant afford the £69.99 they took from me. I have emailed and tried calling so many times I have now given up. I dont understand how these people get away with doing this. I was also passed onto them by Churchwood, so I thought it was safe... More fool me.

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“yh cheeky b....ards took 70pound of my money and im...”

★☆☆☆☆

written by on 28/09/2010

yh cheeky b....ards took 70pound of my money and im not impressed i am on jsa so have not got that sort of money 2 just give away.they sed the same 2 me that ide been approved n will recieve the loan on reciept of my valid i d.i dont no how 2 go about getting my money bk but i will appreciate it if people could help me n get these wan..rs.so 4 any body thinking of using them dont u will lose your money n never get it bk as thats wot i think none of us will!!!!

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“I urgently needed a loan to pay for my daughters Uni...”

★☆☆☆☆

written by on 27/09/2010

I urgently needed a loan to pay for my daughters Uni fees and paid Majic Finance £69.99 admin fee because they said my loan had been approved and once my proof of ID etc. had been received would be processed within a few days.
They took my fee on 25/08/10 and then again on 27/08/10. As of today 27/09/10 all they have done it put me in contact with loan companies that all need a gaurantor, which I don't have.
If I knew they wasn't the actual loan company I wouldn't have wasted my money, they are rude when you talk to them when they can be bothered to answer any calls and have told me that they need to listen to all of my telephone calls before they will consider a refund.

I said you have not provided a loan and I want my refund, as of today not been able to get through because they have changed their contact number again and it just plays ridiculous music forever.

I told their customer service they are just making money for doing nothing from all the desperate people like me who urgently need a loan and they are making interest every day my money is in THEIR account.

It was like talking to a brick wall, they was not interested and now I don't think I'll get my money back at all.

PLEASE DO NOT USE THIS COMPANY - THEY ARE USELESS AND A WASTE OF TIME.

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“I applied for a loan to consolidate everything....what...”

★☆☆☆☆

written by hsbrooks on 15/09/2010

I applied for a loan to consolidate everything....what a bunch of non achievers, they go through there day taking good peoples hard earnt money. I have tried calling, emailing and writing and still nothing, Churchill passed me on to them. I will keep pushing to get my money back.
They have no star rating at all

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Asked by acrofts on 15th December 2022 Report this content
I’ve asked for a loan from Magicloans I’ve been accepted and I’ve signed paperwork etc but there asking me to pay £73.87 up front for first payment, and I don’t have to pay again till February 2023 , I haven’t sent them any money yet but just want some advice.

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