Tom B
Member
Registered: 23rd May 05
Location: West Midlands
User status: Offline
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Im 20 and im in need of a 5k loan, good credit good job etc, but i bank with santander and they dont do loans for under 21's. I applied on one of those loan search sites and had a call today from "Bentley Cooper" loan company www.bentleycooper.co.uk now they offerd me a great rate with reasonable repayments but they ask for £99 pound admin fee upfront, now hang on a minute? thought i was the one lending the money? Has anyone ever dealt with them, or heard of this before? Or can recommend anywhere i can try before i get shafted out of £100. Thanks
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scoob
Premium Member
Registered: 16th Oct 03
Location: Beverley, E Riding of Yorkshire
User status: Offline
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sounds like a broker?
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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What do you need it for?
I financed less than £1k for my new car and already begrudge paying it off.
Don't do it unless absolutely necessary 
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Tom B
Member
Registered: 23rd May 05
Location: West Midlands
User status: Offline
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buying a new motor
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J da Silva
Member
Registered: 10th Apr 03
Location: The FACTory
User status: Offline
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Tom B
Member
Registered: 23rd May 05
Location: West Midlands
User status: Offline
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quote:
Originally posted by J da Silva
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Root
Member
Registered: 28th Dec 08
User status: Offline
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we've done it before, the "admin fee", basically, they refuse your loan and you lose the fee.
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kz
Member
Registered: 9th Aug 02
Location: Southend, Essex Drives: Mini Cooper S
User status: Offline
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quote:
Originally posted by J da Silva
This.
Loan for a new car = maaajor fail. Unless, your old car is totally knackered. In which case a £1,000 loan would be acceptable 
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ShEp
Member
Registered: 9th Aug 05
Location: Dingwall, Highland
User status: Offline
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Try loanfinderuk
A mate of mine used them, they are a broker, but don't charge a fee till the loan is arranged and paid out.
Not had any expierience with them myself though.
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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HFC Beneficial Direct or something, had a £3500 loan with them at 19
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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quote:
Originally posted by Graham88
HFC Beneficial Direct or something, had a £3500 loan with them at 19
arent hfc like the worst company goin for loans and finance? i got a telly on buy now pay in 12 months from currys and they used them for the finance, only put abotu £200 of it on because i went for a £500 telly and ended up choosing one that was £900 with a surround. paid it off in time but if i didnt i think i would have ended up paying back about a grand
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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I paid £3800 from a £3500 loan, first ever loan etc so I thought it was really good? Walked straight in and got it the same day in my account too.
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Tom B
Member
Registered: 23rd May 05
Location: West Midlands
User status: Offline
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Thought it over properly i aint even gonna bother lol, ive never had a loan so wasnt quite sure about everything. Im sure you lot have all been in my position though when you find a motor at a price you cant turn down and you'll try and do anything to get it!
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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I did do anything to get it i.e. smacking £750 on an interest free credit card, wiped all my savings out and sold my beloved Corsa.
The car is better yes, but having no savings what so ever and £100 - £200 going out of my bank every month straight onto a credit card is depressing.
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