advantage loans

[beccaw]

i have got a letter from advantage loans saying that if i send �49.50 they will arrange payout with the next five days into my bank account, after reading ur add on the internet im very worried about loosing my money, do u know if this company has improved since november 2004 or should i still not trust them? Rebecca

[matchmade]

Don't trust them. It's too good to be true.

[buildersmate]

You are referring to this, I guess. http://www.theanswerbank.co.uk/Money_and_Finan ce/Question76914.html
Why take the risk?

[Eryanna]

I know you asked this question some time ago but I hope and pray you did not give them your money. Advantage as well as quite a few other dummy companies are run by a firm called Post net LTD. They always claim they can get exactly what you need and if you don�t pay them that day you'll find yourself with yet another letter saying they have found yet another company to get you a loan for and it's for even more money at a better APR. They tend to always aim at people who have low credit ratings/low incomes knowing that chances are the people are struggling financially and the loan this company claims to have lined up would make a massive difference.

Sadly I was duped by this company and thankfully a friend stopped me making an even bigger mistake, when the loan paperwork came through. The loan I had supposedly been accepted for was unsecured but on the paperwork they stated they needed a "Guarantor" as well as a recent bank statement of the �Guarantor� and a clear photo copy of the front and back of their bank/credit card!! I dread to think what would have happened if they got those as they would have enough information to rip off that person too.

Two weeks after that I started getting letters from a firm called CGS claiming they could get me a credit card but it would cost me a brokers fee of �49.95, when I looked closer it was yet another of the Post net LTD companies. I decided to see if I could get some answers from them about it all and all I got was �You�ll have to ring customer services on 08719115551� Yep a 9p a minute number, where they actually make money from you ringing them!, Then you spend at least 10 minutes in a �queue� before you even get to speak to someone.

I have now lodged an official complaint with trading standards but I don�t see it getting my money and costs back. All I can do now is hope to stop others from losing their money as well.