Loan Lenders

angry80

Advantages: You get the money
Disadvantages: It costs the earth, awful customer service, basically they are sharks

Welcome Finance are awful and should be ashamed of themselves. They prey on people who have problems obtaining credit and charge the earth. They also continuously perform searches on you, which affects your credit score. Whilst my loan is running, I have made no late payments etc so no problems as such with them, apart from when I accidentally cancelled my direct debit. I called them 6 days before payment was due to explain, and they said this was ...
...months payment and sent out a new mandate form. A month later, I received a default fee notice, charging me £20 for a bounced direct debit. When I called to ask what the hell they were on about as my account was up to date with no late payments, they told me tough luck and they were within their rights to charge me!!! As soon as I am able to, I plan to get a cheaper loan and pay the b*****ds off. I would seriously not recommend anyone takes a loan ...

angry80 12.01.2009 · Read Full Review
Ciao members have rated this review on average: somewhat helpful
Review of Welcome Financial Services (WFS)

quick, easy and prompt..

Advantages: quick, easy, prompt service
Disadvantages: nothing i can think about

I applied for a personal loan online. In contrary to most reviews, the very next day I received a favourable decision in a document. Initially I opted for a longer duration and due to my visa status, TPF offered a better APR compared to their previous quote and reduced the repayment period, which I was quite comfortable with. They wanted to verify my passports to confirm my visa status and I sent them the documents by a next day delivery. Over all ...
...(indeed at a 7.4%) and documents returned within 4 days.. I'm delighted and definitely recommend. In my experience this was the shortest application cycle and their support team is quite prompt while responding. As long as you provide right documents, I'm sure you will have your decisions within two-three days max. ...

iplaysafe 01.07.2009 · Read Full Review
Ciao members have rated this review on average: somewhat helpful
Review of Tesco Personal Finance Loans

Disgusted and cannot believe this is allowed

Advantages: None
Disadvantages: Pay back more than double what you borrow and worthless insurance

...said they'd give me loan. HFC suddenly said they'd kindly reduce APR from 25.9. My bank then didn't give loan. On hearing this HFC amazingly couldn't reduce rate anymore. I had to seek debt payment plan. All other creditors froze interest. HFC doubled £9,997 I owed them. Yes it's my fault I'm in debt etc but this is nigh on theft. Debt chasers call unaware of agreement at all hours. Obviously the one you give details too in day shift doesnt change ...

olivercardy 21.07.2008 · Read Full Review
Ciao members have rated this review on average: helpful
Review of HFC Bank plc

Meerkat, Smoke Me A Kipper, I'll Be Back For Zopa

Advantages: Better interest rates for borrowers and lenders alike - just don't expect it to be an easy ride
Disadvantages: Lenders - Don't tie up money you might need quickly

...that I first read about ZOPA – Zone Of Personal Agreement. I think the phrase ‘in glowing terms’ applies. In a nutshell, it’s an on-line dating agency for lenders and borrowers which has been going now for a few years. However, if that all sounds a bit scary to a potential lender it isn’t for several reasons. For one thing, unlike banks, they can't lend out money they haven't got! I can’t see any reason why a borrower would find it scary anyway, ...
...wait for any action. However, Zopa are wise to this and charge them accordingly for their first payment. I have opted for 36-month loans, and so each month, I get 1/36th of my £500 back plus interest, the two amounts being separately quantified on Zopa’s excellent web site, although, if you opt to ‘auto-lend’, which I have done, anything in my holding account, capital and/or interest, gets ‘re-lent’ as soon as it reaches £10. If you don’t auto-lend, ...

BNibbles 17.04.2009 · Read Full Review
Ciao members have rated this review on average: very helpful
Review of Zopa Loans

Cahoot flexible loan watch out for increasing APR

Advantages: Can withdraw up to credit level
Disadvantages: Increasing APR when they decide on existing balances

...am very unimpressed with a cahoot personal loan. The one thing i did find when taking out a loan was they had a great user friendly web site that was secure and easy to use this is what prompted me to use their service but i wish i hadnt I took out a flexible cahoot loan about 4 years ago and would have to say at the time it was fine. I didnt realise a flexible loan meant that cahoot could up their interest rates on your loan at anytime. Although ...
...I contacted cahoot customer service about this and although they responded quickly i had no satisfaction into why this was happening. I obviously misread their terms and conditions when applying and omitted to read they could up interest at anytime but i feel 21.9% interest is quite unacceptable on a loan, so be careful when applying. ...

gemrocks1 21.08.2007 · Read Full Review
Ciao members have rated this review on average: helpful
Review of Cahoot Loans