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They're a deeply sleazy company, along with lenders like PayDayUK. They mass-cold-call people asking to "discuss their application for a loan", when those peop
by stusmith1977 16y ago
They're a deeply sleazy company, along with lenders like PayDayUK.
They mass-cold-call people asking to "discuss their application for a loan", when those people haven't made an application.
They send threatening emails to folks saying that loan installments haven't been paid, when those people haven't taken out a loan.
Their tactics are basically bullying and fear.
(No, I haven't ever taken out a loan with either of these companies. Yes I have had to experience both of these annoyances. Yes, so have various other people I know).
- citricsquid 16y agoI've only had good experiences with them. I use them to boost my credit rating (which is going well, it's now above average!) and I've never experienced any of that. I was at one point late with a loan repayment (they took the payment a day early because of a bank holiday, caused me problems) and they didn't harass me or phone at all, they simply increased the amount that I owed.
- ig1 16y agoHave you checked your credit record? - it doesn't seem to make sense to pressure someone who doesn't have a loan, it seems more likely that someones commited identity fraud and used your details to get a loan.
- stusmith1977 16y agoI don't think so, because it never goes any further than those initial harrassments. If someone had got a loan in my name, I think I would have received escalating demands, culminating in a court summons. That never happens - they just keep calling wanting to discuss a loan application, or sending emails saying that a payment is overdue. I suspect they hope that they can just get people to talk to them, and then convince them to take a loan. If it is "honest" identity fraud, then they obviously don't have the checks in place to deal with it - either way, they're not good companies to deal with (IMO).