Bad Credit Loans Review
Tenant Loans – Can anyone help?
I recently applied for a £5000 loan with Tenant Loans (also known as Advantage Loans), they guarantee you a loan, even with very bad credit for an interest rate of only 15.2%!! This is a load of C***P! they make you pay a £49.95 fee upfront to guarantee you the loan, what they dont tell you is that, you probably wont get a loan for the amount you require and the APR is anything above 40%, and you also require a guarantor to back up your application! I rang back straight away to say I did not have anyone to be my guarantor, to which they replied to ask my neighbours!!! the cheek of it! The loan was not even for the amount a required, it was £3000 and the APR was not 15.2% is was 44.9%! If anyone comes across this company do NOT fall for the lies they tell you, you can however claim the money back, which I have checked on another review website, but have not as yet tried! If anyone else has come across this CONpany can you give me any advice on how to get my money back!! Thanks
Yes Loans do exactly the same thing! They get round it by saying that it is a ‘loan example’ not an exact quote! You will also find that when you try to claim your money back they will keep £5.00 of it as an ‘Administration Fee’ but to get it back you just have to write to them quoting the customer number they gave you and telling them you no longer require their services and want your ‘facilitation fee’ back.
Good luck!