Quick 247 Loans One Of Many Scams

Anybody applying for a personal loan should think long and hard before agreeing to pay any upfront fees.

Dishonest Loan companies have been demanding a fee upfront for loans, once the fee has been paid into their accounts the loan will very rarely materialise. According to the Citizens Advice Bureau lots of people are being scammed out of money by these conmen.

This is happening more often with the credit crunch less companies are lending money and more then often these dishonest loan companies will aim for the people that simply cannot afford to lose any money i.e. People who would struggle to find a loan anywhere else because they are on a low income or they have bad credit rating.

A company trading from the website quick247loan.co.uk is the most recent of these. Before any funds can be released they are asking for the first months payment to be made upfront which will be paid straight into their bank account.

In order to put trust into their company, they are using the credentials of a trusted and valued online loans broker. They are displaying this and their loan agreement form on their website.

This company is obviously trading without a valid Consumer Credit Licence or Data Protection; otherwise it would not be publishing the details of Interfinancial Limited, one of the internets most respected loans brokers.

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 the lowest form of criminal, preying on the people that mainly cannot afford to be conned out of their money. I would strongly urge that loan applicants do not agree to pay any upfront fees to loan companies in order to process their loan application."

Stuart added Tougher penalties need to be brought in and changes to legislation for these people, It would seem that more and more companies are giving themselves names which sound like valued brokers which helps add credibility.

He also added Sadly when trying to report such scams I was surprised at how disinterested the government bodies appear to be. Until the Office of Fair Trading, Trading Standards or the police start to take action on this situation the problem will not get any better.

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