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Loanfinder News

Loanfinder reveals upfront fee scam

14th December 2009 - 10:58


On the run up to Christmas more and more people are looking for a small loan to see them through to the New Year. Though when taking out any kind of loan, to get the best service you need to know where to turn.

If you've ever contacted a broker in the past you will know what kind of a risk it is to part with your money even before a loan has been found. Say you've paid a fee but don't get a loan, how can you go about getting a refund? Unfortunately some Loanfinder scam tactics of upfront-fees, have given the industry a bad name.

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23.1%APR Typical

Loanfinder is a licensed credit broker. The actual APR will depend on the lender, the loan amount and the borrower's credit circumstances.

At this rate £5000 borrowed over 60 months payments would be approx £135.16 per month. The total amount to be repaid would be £8109.88. Loanfinder is a trading name of Post Net Ltd. Registered in the UK, number 3400885. Registered Address: Walton House, 56-58 Richmond Hill, Bournemouth, BH2 6EX Registered with the Information Commissioner's Office Z7190505. Consumer Credit Licence Number 476055. Credit available to persons over 18. You are under no obligation by completing the application form.
Loanfinder is part of the Richmond Group of companies.