Personal Loans for People with Bad Credit • Personal Loans for People with Bad Credit
May 2, 2009

Quick 247 Loans One Of Numerous Loan Scams

33
by Steve Smith

If you are thinking about applying for a Personal Loan, I would urge you to think hard about paying any fees upfront.

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.

The latest of these is a company trading from the website quick247loan.co.uk. They are demanding that the applicant makes the first months payment upfront by paying money into their bank account before they can release the funds.

These people are using the credentials of a trusted and respectable online loans broker so that they can add credibility to their company. This is being displayed on their website along with their loan agreement form.

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 commented I would urge anybody that is thinking of taking out a loan not to pay a fee upfront in order for their loan to be processed. These criminals are of the lowest form, they are preying on people who are unable to afford to be conned out of money.

Stuart also said If the legislation were to bring in tougher penalties maybe we would start to see some changes. It would seem that more and more of these dishonest companies are giving themselves names that represent a well known and respected broker in order to add trust in their company.

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!

About the Author:
Steve Smith writes for All About Loans. Our visitors can apply online for all types of loans, we specialise in short term payday loans, and log book loans. Visit today.
Tags: dishonest companies, Personal Loans, quick 247 loans, trusted and respectable online loans

Filed under Personal Loans by Steve Smith #

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Comments on Quick 247 Loans One Of Numerous Loan Scams

November 9, 2010

BobbieNeace @ 11:09 pm #

How Does a Collateral Loan Work – Collateral Personal Loans …: If you want to buy a new car or home you can ap…

November 13, 2010

Cris @ 3:56 pm #

I'm with DBD–they are all about turning us into indentured servants w their credit scams, mortgage scams, car loan scams. I have no sympathy for the parasites. Vote the corporate lapdogs OUT- Show 'em the gate in 2008!

November 18, 2010

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ArticleSlash - RSS Feed b506c29e9fd5437faf68bdaae8edf270 @ 11:11 pm #

Cheapest Secured Loans – cash over a longer period of time.

November 25, 2010

katyabix @ 10:09 am #

January 30, 2011

Bussinesstar @ 6:34 pm #

RT Debt Consolidation Loans Arranged By A Secured Loan Or A Remortgages

February 3, 2011

upaydayloan @ 3:16 am #

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February 21, 2011

ImNotYourFriend212 @ 7:33 pm #

I don't understand. If you took out all those Student Loans why should you be allowed to get away scott-free when you realize you can't pay them? Isn't that a con? "Oh I'll take out 50k in student? debt then file for bankruptcy." Wtf? Do they not know the Law of Nature?

March 2, 2011

Twitter @ 2:59 am #

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March 4, 2011

mainenowandthen @ 12:51 am #

How ingrained racism seems to be, for those who might be viewed as the most sensitive to such a slight, when any remarks referring to the activities of the current President MUST be viewed through that spectrum. So much for the concept that skin color should not be relevant and any individual should be considered on the basis of their actions and accomplishments ( or lack thereof). Continual playing of the race card indicates that there is an impediment to progress and that it is not limited to one side only.

March 13, 2011

grownANDsexy @ 10:30 am #

Wow, great posts. I am glad that somebody within the Hip Hop community is willing to say something when it comes to business and politics. I say if you are a responsible adult, be into fashion, music and tech, but don't forget business, professionalism and politics cause it effects your communities life and your personal life as well.

I may not agree with everything you wrote here, but one thing is for sure: we are in trouble.

As scared as I am, I am not worried because I am not "buying gold", but I am investing my time and energy to understanding business and finance. If everything crashes, and I mean everything I am ready and do what the rich do: use defeat and turn it into financial victory (even if it takes 20 years).

I advise EVERYONE to learn more about business and finance no matter HOW LONG it takes to learn it. Understand why a dollar is worth a dollar; why your check does more or less; how you make your money truly work for you and not just spend it.

If you can not read a financial statement, know what are financial ratios are, what a 401K, 457K IRA Roth is, who it is to be "in business" and so forth then I suggest you get to know these items.

I am not blaming the little guy, not at ALL. But if you want to tell people to wake up to what is going on, then waking up ACTUALLY means understanding business and finance. You understand those things (even if it on basic level) you will better control your money, who you vote for and why, and be able to ask the right questions to your financial advisor's and anybody else you can think of.

Knowledge is power. Learn about business and finance and you will be scared, but calm, like I am.

April 14, 2011

Twitter @ 8:09 am #

to assure public access to all relevant information about the securities traded and the … to ensure that all market participants adopt fair trading practices to stimulate the … Website URL:

May 12, 2011

Grassroots? @ 5:33 pm #

I wish people wouldn't kid themselves. About the grassroots thing, that has to be one of the biggest scams on the public (and DNC member base) going on right now. Obama never ran against the machine, which is funny if you dig into it. He is a near pure product of the Chicago and Illinois machines, from trying to push Rezco's Iraq agendas to his good friends in the predatory loan scams. His little real estate kickback is just a distraction from his more shady shenanigans. He’s smart, and his words are as legalese as his actions. You have to look at them from three angles to realize what he’s really doing and saying. He may have a built-in a degree of deniability with everything, but few people have the friends, associates, and transactions he has without “having anything to do with them”.
And Rezco seems to be from Obama’s “small to medium” portfolio.

This seems interesting. I don’t remember the news mentioning this, but maybe they did.

No lobbyist money? – How come a massive amount of money is just being bundled from the employees of companies who do lobbying? Will this be the DNCs "new line", taking that special, personal approach to special interest lobbying? Of course he’s gotten a lot of grassroots money too, playing that “I don’t take lobbyist money” line.

Is the under reporting just because only the criminals and money interests seem to be able to pay for airtime, or do the news stations think it’s for the public’s own good somehow? Maybe silence is “patriotic” or noble again. TV stations make good money from their “news”, yet these things are old news by the time they show up on ABC/Fox it seems, if ever.

Come on people. This may be important. Don’t let the world think we’re dumb, because we’re not.

May 26, 2011

akeeney274 @ 4:40 pm #

House GOP Goes After Tax Overpayments To Low-Income Families, Lets Tax-Dodging Corporations Off The Hook

May 31, 2011

sueby40 @ 1:57 pm #

Do you have a citizens advice bureau? Or try ringing your local court house, or library for information on a free legal information service.
You also really need to ask yourself why you both married in the first place and if you can both work on recapturing the romance? Marriage takes work and time….so try working things out before moving on….

June 14, 2011

Virginaga42 @ 10:01 am #

Fund Managers Put In 'unsecured Lending' Spotlight

June 23, 2011

anamericanidiot @ 6:33 am #

Your thinking in this is the problem. The idea that you can reform a culture of slavery by tolerating it and supporting it economically is doomed to failure. I think that thinking is merely justification to continue profiting from it. England certainly did not end slavery in the US by becoming a major importer of cotton from Georgia. I think we'll have to agree to disagree on Free Trade, as it seems you may have confused liberty with tariffs designed to create fair trading relationships and encourage personal liberties abroad.

June 30, 2011

Donnetta27 @ 7:57 am #

RT "Will the +1 button make it harder for my small business to compete with larger companies?" <– flagrantly dishonest

July 2, 2011

money1963 @ 1:46 pm #

Is TMZ the Future of News?: by Steve Smith, 11 minutes ago If TMZ focused on any other category but celebrity go…

July 3, 2011

Twitter @ 2:27 pm #

PHP Script to request data from online bank account by matpathip –

July 14, 2011

ANONYMOUS @ 7:54 pm #

Here is the problem — it not just pretend lenders trying to foreclose — it is pretend lenders trying to foreclose on a mortgage that was NEVER a mortgage to begin with.

Footnote 35 from TARP oversight — "Both the note and the mortgage need to be properly transferred. Without the note, a mortgage is unenforceable, while without the mortgage, a note is simply an unsecured debt obligation, no different from credit
card debt."

It is the second part that is most important. These are not mortgages — any false default on prior mortgage — means a "mortgage" refinance is INVALID — there is no new SECURED mortgage. All you have is a sale of collection rights — on a UNSECURED debt. — TARP was onto this — and NO ONE is pursuing as it is should be.

Dischargeable in BK — just like a credit card debt.

Demand to know as to whether your refinance paid off the prior investors to prior trust.
Once they know investors are involved — and they were not paid BY YOU — they listen.

Again, what we have is reaffirmation of default debt — not a new mortgage — when you refinanced.
And, any new home owners above F/F limits were sent to the wolves from the onset.

September 11, 2011

identi.ca @ 5:22 pm #

The fastest way to literally pushing a button and having money coming in your bank account..

November 9, 2011

@ 8:07 am #

Check out:The Home Equity Theft Reporter links to stories about "foreclosure rescue" scams & other "home equity theft" scams (& the people victimized by it) from around the country andFor help for foreclosure scam victims in seeking out low-cost (& possibly free) legal assistance, try:Low Cost Legal Services Available To Eligible Homeowners

Engadget @ 11:29 am #

RT Hopefully this includes their "debt help" section too…BBC News – Office of Fair Trading takes steps to shut Yes Loans

November 19, 2011

Benn Bilgin @ 9:13 pm #

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December 11, 2011

yutarambo @ 9:37 am #

to a certain extent. A very limited one of that. But that certainly wasn't the main motivation behind the fact.

December 17, 2011

Executive Jobs @ 2:07 pm #

Commercial Account Handler –

January 18, 2012

QNY81 @ 4:29 pm #

Marilyn,

You are correct that the option Arms paid the highest commissions. What you may not know is that when option Arms first came out, you had to put down 30 percent and they were for second homes or investment properties. Those were excellent instruments for the people that understood them, which were not many. The option Arm was good when you may not have been able to make the whole mortgage payment (renter was gone) and would pay less than the interest only for that month and catch up later. When the greed exploded, the banks were asking the mortgage brokers to get them clients and put them in option Arms in primary residences with 10% down or less. The problem is that the banks created and funded these loans, not the brokers. If we sold an option Arm, the four possible payments were discussed, not just the less than interest payment. There were too many people in the business in retail and wholesale that could barely do arithmetic selling "sophisticated" mortgages.

Another issue is that the whole "subprime" debacle is a ruse. Fannie Mae and Freddie Mac bought a ton of stated income, no doc loans. They blamed subprime, but they are holding so many loans that if the interest rate rises, there will be another flood of foreclosures. The reason subprime exploded is because many realtors forced mortgage brokers to put prime borrowers in subprime loans so that the loan could close in 7 days. The realtor is usually the first point of contact in a house purchase. If a mortgage broker did not close a loan fast enough, the realtor would take the client and send him/her elsewhere. It did not matter to the realtor that the prime client could have gotten a better rate (takes longer), it needed to close asap. No one has blamed the realtors and they have no sanctions put on them at all for this mess. Only the mortgage broker has paid the price.

February 2, 2012

@ 3:53 am #

Working Capital for Business]]>

March 17, 2012

l vent @ 5:58 pm #

No one should be able to steal the roof from over your head because they say you owe them an Unsecured Debt. The Government is allowing this, so they are complicate. That is clearcut fascism being carried out by an elite group of financial terrorists being aided and abetted by our own Government because these Nazi's have bought and therefore have corrupted our entire country.. The result of the corruption is a crumbling America that will soon be bankrupt. and ripe for a takeover by this rogue regime.

March 28, 2012

@ 1:14 pm #

“how I’m supposed to know how many bank accounts I have ?”

Actually, this statement apply to me.
In Thailand, they are giving bank account for free. Apply for bachelor degree, wham… student ID with bank account. Another university, another bank. Salary pay-roll, gimme your account… no, not that bank, create another account with the bank we use. Buy bonds, promisory note, or Aom-sin lotto… need even more bank account.]]>

April 7, 2012

web 2.0 social networking - Google Blog Search @ 3:41 am #

Could Web 2.0 Optimisation The Missing Link From Your SEO Strategy ? 5 hours ago by Stuart Pike 0. For the last 12 months or so , Search site optimization firms occur to have been endorsing the usage of social media networks inside …

May 13, 2012

weriley23 @ 2:47 pm #

applying for a personal loan with bad credit

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