loans are they for real?

tashndrachy · #1 Aug 22, 2007, 02:03 PM

i have just applied for a loan and they have asked for me to send £50 admin fee in order to complete my application! is this a scam?

kp2171 · Aug 22, 2007, 02:27 PM

might be.

where is the loan through? how did you hear about this? what info have you given them?

what are the terms of the loan? more info helpful.

Curlyben · Aug 22, 2007, 03:06 PM

RUN, don't walk.
This isn't a classic scam, but a seriously unhanded tactic.
They advise that they can get you a loan at rate X but need an admin fee.

You send the info back and find that you are refused for loan at X and all they can offer is rate Y (10% higher) or none at all.

You should never have to pay to setup a loan.



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