The Anonymous Widower

A Warning About On-Line Loan Brokers

The BBC is today warning about on-line loan brokers, who take up-front fees and then don’t give you a loan.  Apparently, there has been a large rise in complaints to the Office of Fair Trading.

September 14, 2010 - Posted by | Finance |

2 Comments »

  1. It amazes me how gullible people around money and loans. The TV adds make loans so easy and such fun to have! And as the whole payday loan business, offering up to £1,000 for up to 31 days, within 15 minutes, folk must be doing this for the firms to exist, but the interest is crazy. Living within ones means seems to have gone out the window. Or perhaps we are boring fuddy duddies paying the balance of our credit cards in full each month.

    Comment by Liz P | September 14, 2010 | Reply

  2. In my view the only way to have fun with loans is to lend money out on Zopa. I’ve done it for a couple of years now and find I get a much better rate than the banks!

    Comment by AnonW | September 14, 2010 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: