One Of Countless Loan Scams – Quick 247 Loans

If you are looking to apply for a personal loan, I would urge anybody to think extremely hard about paying any fees upfront.

According to the Citizens Advice Bureau more and more people are being scammed out of money by dishonest loan companies that demand an upfront fee for loans which seldom materialise once the money has been paid to the conmen.

This is becomming more of an occurrence as loans have become less readily available since the credit crunch. The people who are mainly targeted by these dishonest loan companies are the people who can least afford to lose money i.e. People with a bad credit score or people who are on a low income and would struggle to find a loan anywhere else.

The most recent one is a company trading under the website quick247loan.co.uk. They are asking for the applicant to make a months payment in advance demanding the applicant pays money into their bank account before any funds can be released.

These people are using the credentials of a trusted and respectable online loans broker so that they can add credibility to their company. This is being displayed on their website along with their loan agreement form.

The company is evidently trading without Data Protection or a valid Consumer Credit Licence; otherwise it would not be publishing the information of one of the most respected Loans brokers on the internet, Interfinancial Limited.

It is unfortunate that the victims of this scam will undoubtedly lose the money they have paid once it has already been sent to the scammers.

Stuart Pike of Interfinancial Limited said “These people are criminals and they are moving in on people that simply cannot afford to be conned out of money. I would strongly advise loan applicants not to pay any fee upfront in order for their loan application to be processed.

Stuart also said If the legislation were to bring in tougher penalties maybe we would start to see some changes. It would seem that more and more of these dishonest companies are giving themselves names that represent a well known and respected broker in order to add trust in their company.

He went on to add “I cannot believe how disinterested the various governing bodies seem to be when anybody tries to report such a scam, and unfortunately until the likes of the Office of Fair Trading, Trading Standards or even the Police start to act this situation is not going to get any better.”

Apply online for a safe loan with an honest and trustworthy broker today!

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