www.iva.co.uk

URGENT...BREAKING NEWS TO ALL WHO WANT TO USE THIS COMPANY...UNSECUREDLONCOMPANY.NET.THIS COMPANY IS A FAKE AND THEY TAKE YOUR MONEY AND YOU NEVER GET ANYTHING OF THEM.DO NOT USE THEM AND PASS THIS URGENT NOTE TO EVERYBODY....

Hi benben,

Having checked out the website they do have a complaints procedure if you are unhappy with any aspect of their service.

Have you had problems with them? I doubt anyone on here will have used them as those of us in an IVA cannot take on credit anyway.

One of those firms that charge you a fee to find a loan for you.I had dealings with a similar company many years ago-paid them 95.00 and nothing happened-tried to get my money back and they hid behind the small print.Another company praying on the vulnerable.

In a similar vein, welcomeloans.co.uk are a similar outfit. Ibwas trying to arrange a loan to buy a reliable car, I filled in an online form, got a call back a day later saying I'd been approved for a loan of 4k over 60 months at just £93 a month (not a bad APR for someone with 2 ccjs and umpteen defaults!) and that I had to pay a fee of £60 "because they had to work so hard to find such a good loan for someone like me". I explained I didn't have enough in my bank to pay this so they asked for my debit card details so they could take it when I got paid. I did this and they said the loan agreements would be sent out for me to sign and the money would be in my account in 7 working days. No documents arrived, I called them on the advertised customer services number several times, the line just went dead after a few minutes and I never succeeded in speaking to anyone. Anyway, I googled them and lots of forums and articles about them being a scam came up. I rang NatWest the day before I got paid and cancelled my debit card so they couldn't steal £60 from my account.

What did I learn? If something looks too good to be true, it probably is!

Even the more (Tongue in cheek moment!) reputable Welcome Finance have a disclaimer on their home page warning people not to confuse them with welcome loans an that anybody should be wary of any company asking for an upfront fee to process a loan.

In a similar vein, welcomeloans.co.uk are a similar outfit. Ibwas trying to arrange a loan to buy a reliable car, I filled in an online form, got a call back a day later saying I'd been approved for a loan of 4k over 60 months at just £93 a month (not a bad APR for someone with 2 ccjs and umpteen defaults!) and that I had to pay a fee of £60 "because they had to work so hard to find such a good loan for someone like me". I explained I didn't have enough in my bank to pay this so they asked for my debit card details so they could take it when I got paid. I did this and they said the loan agreements would be sent out for me to sign and the money would be in my account in 7 working days. No documents arrived, I called them on the advertised customer services number several times, the line just went dead after a few minutes and I never succeeded in speaking to anyone. Anyway, I googled them and lots of forums and articles about them being a scam came up. I rang NatWest the day before I got paid and cancelled my debit card so they couldn't steal £60 from my account.

What did I learn? If something looks too good to be true, it probably is!

Even the more (Tongue in cheek moment!) reputable Welcome Finance have a disclaimer on their home page warning people not to confuse them with welcome loans an that anybody should be wary of any company asking for an upfront fee to process a loan.

Unsecured loan brokers do seem to be in the news a bit at the moment largely because people are complaining that they have been charged a fee and then are having difficulty getting their money back if and when no loan is made available.

I would be very wary of any loan company or broker who asks for an up front fee.

I wouldn't touch anyone who asked for an upfront fee with a ten foot barge pole!

Surely if they get a loan for you they could wait until it was in your bank account to be paid !!

LOTS of bad reviews about these people!!