advantage loans con or not?

[christie]

ADVANTAGE LOANS,CON OR NOT? I contacted advantage loans for a loan they said they could do me a loan for 2 thousand pound,i had to send them 49.50 for the legal fees,i havent heard back from them its been 2 weeks have i been ripped off?has anyone eles had problems with them?im a single mother i cant offerd to be 50 quid out of pocket help.

[WoWo]

What legal fee's would these be. I've had plenty of loans over the years, never had to pay legal fees (not up front). The idea you would give money to a loan company doesn't sound right to me.

[cheyenne]

ive looked on the net for this company but cant locate them?are they under an umbrella of a big company.if i were you i would seek advice from your local C.A.B..good luck

[christie]

thankyou for your replys i will be contacting the c.a.b.i feel realy stupid for actually sending money i read all the time not to send money but i did ask questions first and thought it sounded above board,thanks again

[Wisebird]

Don't feel stupid Christie. We've all made mistakes like this. I get so angry that people like yourself are taken advantage of like this. Hopefully, you can sort things out. Good luck!

[Mrs_Pegasus]

Have you any more details on the company? Where are they based etc. The CAB may find it hard to help if you dont have some details. Where did you get their contact details from? I do know that some of the more 'high rate' lenders will try and take for legal fees, out of interest how much would you have been paying back per month and for how long?

[christie]

the loan was for 2 thousand and i was to pay back 2565 over three years actualy looking at it on screen im amazed i fell for it i mean paying only 565 interest back is abit sus,a costly mistake that i wont be doing again but il try my hardest to make sure people are aware of this company and dont get taken for the same ride i did,thankyou for your replys guys.

[5KA]

The address l got for Adventage Loans isPO Box 4002 Poole BH14 0BF phone No 0870 027 1689 or 0870 900 1939 Advantage Loans are subsiduary of Post Net Ltd and Reg by Companis House No 3400885.I don`t think the reg with Data Protection Registrar Z7190505 and that came up blank when l check it out. I was going to send my fee, but l thiught l do some checking Paul

[robinmonkey]

This is no answer really other than to say I have had the same problem. I phone regularly to check and am always given customer service number that is always engaged. I can't beleive I fell for it!

[kara]

hi all i have contacted advantage loans aswell and i have been offered a 2 grand loan, this is the number i have and when i ring its never engaged 0800 0910057. i haven't sent my money yet as i have been doing some digging of my own, and i am waiting to hear from the c.a.b. let me know if you get through on the number i have given you, good luck

[kara]

i'm a single mother too and i just remembered that advantage loans looks for a loan company for you who will be able to help you and the fee you pay is paying them to find a loan company, i have spoken to them and this is what they have told me as i was concerned bout paying 49.50 up front but don't believe it takes 5-10 days till u recieve your loan as it does take longer, ring this number, 0800 0910057, hope this helps.

[wcevans]

Now you have got me concerned. I received a letter from them today offering me a loan up to �5000. All I had to do was ring 0870 027 1710 and give a few more details. I called them just after opening the letter. They took my companys details,DOB asked a few questions about the debt consolidation I wished to clear. The operator then told me I would receive the terms and conditions through the post. All I had to do was sign them and return them. After reading the notes on the here I called them back and asked questions. I was then told the same thing as read on here. You pay them �49.50 for them to search for a lender who is willing to lend you the money. However he assured me that if they could not find a company willing to help then the �49.50 would be refunded. I have recently taken out a loan with welcome finance which was given to me a loan broker. They have lent me �2000 for �160 a month for two years. Sounds high but the way I see it they are willing to risk lending me money when I look such a high risk on my Credit File. They told me once I had paid five payments ok. They would then offer me more. I might just give them a call in a months time. By the way how many numbers have they got. W.Evans Basildon

[muttley64]

I posted tere address and phone number yesterday but its now gone hope you all got my message,i have phoned again today and been told to wait for express loan form as they have recived my payment and the loan will be transferd to me in 5-10 days and by all your notes i wont be expecting it

[muttley64]

iv got the same address and phone number as 5ka

[christie]

I did finally hear from them only to be told i had to have a homeowner as guarantor before they could offer me 1000,why didnt they tell me that at the very begining instead of telling me that by sending the 49.50 meant i was excepted for the loan.I dont want to burden my family by asking them to stand as guarantor i feel it would make them uncomfortable and me.so i guess thats it iv lost the 49.50 so im now in more debt.

[muttley64]

Well i guess thats what we are all going to get how much have and are they ripping people off

[christie]

I realy hope it works out for you like it has for some of the others good luck.

[shmollin]

This is not good at all, I am on the sick maybe for the rest of my life, and the bills were building up and we needed help, Advantage loans offerd us �5,000 payable over 60 months (5 years). All we had to do was fill in the form and send them �49.50 We was not to sure wether to send the money or not but after talking to a woman on the phone. She made it sound all well and good. now when we ring the number it rings and rings or the last time some one lifted up the phone, I kept saying hello hello and then they put the phone down. we do get some one on this number 0870 900 1939. but all we are told is that it has been past on. If this is a scam its a sick one as we struggle as it is and coming up with the �49.50 was hard. There must be some where that we can report this to as it is wrong. This was news we realy could have done with out. But what can you do

[shmollin]

Well after reading all that people have put on this site, I got in touch with watchdog from of the Tv as there is no way I am going to lose �49.50 and no one else should. http://www.bbc.co.uk/watchdog/index.shtml This is the web address if anyone else wants to get in touch with them, about Advantage loans. I have been all over the internet and can not find a thing about this company.

[christie]

thanks schmollin i think we should all make a stance and not let these people get away with it im going to get in touch with trading standards agency and watchdog we have to get our money back i feel its not just about the money now we have to let these people no they cant use people like this.