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gruntygiggles
14-08-09, 11:05 PM
Hi guys, just a quick one....

If any members of the org are looking for finance, run as far away as you possibly can from any companies offering no credit check loans.

A few years back, I was the victim of pretty serious ID theft and fraud, ending with a break in when I was in bed. All ended up ok, although have had issues with banks to this day because of the mess that was left.

Yesterday, I found out that one of the companies that had given the fraudster a loan in my name, actually went through two applications in the sam day from that person. The first loan I found out about and was all sorted with the police and courts. The second loan was not discovered as the company have such archaic systems that my name never cross matched and showed the other loan (taken out 2hrs 30 mins after the first).

With my bank freezing my account AGAIN this week, we finally got to the bottom of it and so this othe loan is now being sorted by the police and I don't have to do much thankfully.

The message here is....if you are in financial hardship.....DO NOT turn to companies like this. I can't name them for obvious reasons, but if you need money.....find anothe way, these companies will ruin you with their interest rates and charges! I'm sorted now, but if the loan was actually mine, it would have been £4k over 3 years with a 64% interest while payments were current, rising to 113% if I missed or was late on just one payment. Protect you credit guys......get a password on your credit file....no-one will be doing this to me again and I don't want it to happen to anyone else!!!

That is all!

davepreston
15-08-09, 04:09 AM
password on your credit file whats that

Tiger 55
15-08-09, 05:16 AM
I can't name them for obvious reasons
Not obvious to me. :(

Name them!

gruntygiggles
15-08-09, 08:35 AM
Not obvious to me. :(

Name them!

Legal reasons being obvious. This is a public Forum and I am currently in the middle of the police dealing with them over giving out another loan in my name and as soon as the police case is closed, I will immediately be sueing them for three years of carp that I've had to deal with.

If I name them, they can try an counter claim and they're not going to see me budge.......I'm going to have them shut down if I can. I'm in a fighting mood!:smt021:smt094

Fizzy Fish
15-08-09, 09:02 AM
Phew, sounds like a real nightmare that! Glad you're nearly there with sorting things out GG...


The message here is....if you are in financial hardship.....DO NOT turn to companies like this. I can't name them for obvious reasons, but if you need money.....find anothe way, these companies will ruin you with their interest rates and charges!


Couldn't agree with this more. A friend of mine took a loan out with a dodgy company to fund his OH's boob job, but got caught up with the harsh interest rates. Ten years on, having long since split with his OH and repaid the loan several time over, he still owed money...

Von Teese
15-08-09, 09:28 AM
Couldn't agree with this more. A friend of mine took a loan out with a dodgy company to fund his OH's boob job..

Poor sod, he can hardly ask her for them back either!

Milky Bar Kid
15-08-09, 02:46 PM
Poor sod, he can hardly ask her for them back either!


:winner: PMSL! Well done VT!

El Saxo
15-08-09, 05:20 PM
Poor sod, he can hardly ask her for them back either!

I'd at least try for access visits every other weekend...













TAXI

gruntygiggles
16-08-09, 12:57 AM
Ooooh, VT ans Saxo in competition for the winning post here...but VT pips Saxo at the post as without her words, his post would not exist!

Lissa
16-08-09, 09:12 AM
I presume you're talking about companies like Provident, GG. See, I can name them! :D

Check out their APR!!!

http://www.providentpersonalcredit.com/

Lozzo
16-08-09, 09:19 AM
I know someone who arranges loans on the 'door knock' for a big loans company. They entice people by arranging 'Argos vouchers' and suchlike at stupid rates.

When the economy is good he arranges loans, when the economy is bad he goes out repossessing cars. Either way he makes a small fortune from other people's misery.

When I was recently unemployed he once asked me to go and work with him, but I told him I couldn't because I have priniciples and moral standards. I've been absolutely and desperately skint in the not too distant past, and I always look on those people taking out loans and think "there but for the grace of an un-named and un-proven deity, go I"

tigersaw
16-08-09, 09:29 AM
as a bit of a derail, but following Lissa's links, I stumble across credit unions. Having read the hampshire credit union website, it all looks above board and FSA regulated, and like the idea of investing some savings in one, seeing as they make ethical loans, all profit back to members, no fat cats etc. Anyone know more about these, their security etc?

gruntygiggles
17-08-09, 02:21 PM
Not Provident Lissa...although I'm sure they are just as bad. The company I'm taking to court don't do loans for £500....they can do loans up to £10k, no credit check. It's stupidity at it's worst and I totally agree with Lozzo......it's the most immoral form of lending because not only do they not publicse the fact they have a standard interest rate of 64%apr. They advertise something like 18.9% but in the small print it says that is for customers that meet certain criteria.

I just wanted to warn the orgers that's all. Be careful......there are some real vultures out there. Worst thing is, someone took out two loans in my name with this one company, totalling £9k. They've got away with the cash and I've had carp to deal with for all this time!!!

Kinvig
17-08-09, 02:26 PM
I presume you're talking about companies like Provident, GG. See, I can name them! :D

Check out their APR!!!

http://www.providentpersonalcredit.com/

"Typical 254.5% APR" WTF!!!!!!