UK loan companies are ripping off consumers
Again it appears that there are unscrupulous companies praying on the vulnerable. Compnaies charging consumers fees in the region of £50 just to ‘look ‘ at a deal so even if it doesn’t go ahead then they will still be charged.
Well it’s about time the FSA did something about it because there is one firm particularly who are doing this all the time. They are based in Wales and are well known to trading standards and are also featured quite heavily in the Mirror Investigates in the Daily Mirror every Thursday. They entice people in with the promise of cheap loans and then hit them where it hurts every time – their pockets. Even if a customer doesn’t take out the loan then they are still charged the fee. They look to place guarantor loans for people or loans for people on benefits as these are the most vulnerable.
Not big and not clever and it must stop today.
