Q&A

Answer a question


10 April 2013

Loan Brokers

A company called Personal Loan Match charges £40 pounds with the promise to find companies that can loan money for people with bad credit. One of the many companies that called to offer loan is called Speedloans Ltd. They offered to give a loan of £7k spread for 3 years at 7.9 APR with monthly payment of about £219. The first monthly payment must be paid in advance and then the £7k will be transferred to my account. I got other more details from them but I still have some reservation. My question is how does one know a true financial lender as they claimed to be registered with the FSA. If they are scam, how come they are out there deceiving people without anyone exposing them. Thank you.

  • REPORT This comment has been reported.

12 Answers

Answers

Be the first to answer

Do you want to answer this question? You need to be signed in for this feature

Answer a question

Be the first to ask a question

  • {{ question.title }}

    {{ question.authorName }} On

    {{ question.answerCount }} Answers

Copyright © lovemoney.com All rights reserved.

 

loveMONEY.com is a company registered in England & Wales (Company Number: 7406028) with its registered address at First Floor Ridgeland House, 15 Carfax, Horsham, West Sussex, RH12 1DY, United Kingdom.


Our company maintains relationships with various affiliates and lenders, which we may promote within our editorial content in emails and on featured partner pages through affiliate links. Please note, that we may receive commission payments from some of the product and service providers featured on our website. In line with Consumer Duty regulations, we assess our partners to ensure they offer fair value, are transparent, and cater to the needs of all customers, including vulnerable groups. We continuously review our practices to ensure compliance with these standards.


While we make every effort to ensure the accuracy and currency of our editorial content, users should independently verify information with their chosen product or service provider. This can be done by reviewing the product landing page information and the terms and conditions associated with the product. If you are uncertain whether a product is suitable, we strongly recommend seeking advice from a regulated independent financial advisor before applying for the products.