Wentworth Direct Finance

[Jean]

Hello,

I recently applied to several loan companies. And unfortunately I've
been refused by them all. Apparently, it was due to "wrong CCJ"
appearing on my files. (I am in the proces of removing it).

Anyway, today, I received a letter from Wentworth Direct Finance,
based in Gravesend, Kent.

"Dear....
We are pleased to inform you that your loan of ........ repayable over
60 months has been approved by our underwriting department and will be
forwarded to one of our lenders.

Our broker's fee for processing your loan will be £48. Please send
your fee by cheque or postal order payable to Wentworth Direct Finance
together with the loan approval form below and we shall process your
loan application immediately.

One we receive your loan approval form, the lenders will be in contact
with you directly. Your consent signature will be required on all loan
agreement documents.

Payment protection is also available if required.

If we require any further details we shall be in contact with you.

Yours....
------------------------------------------ Please detach and return
--------
Loan approval form
(please send brokers fee of £48 when returning this form)

Loan amount ...... (££££££)
repayment period 60 months
Typical APR 15.2%
Surname
Name
Current address
Post code

Loan Reference number:


Please write your loan reference number on the back of your cheque or
postal order."


Could anyone tell me if they ever heard of this company please ?
It sound weird to me that I ve been refused everywhere and this one
says OK without even an over the top APR.

Thanks

J.

[Tumbleweed]

Post by Jean
Hello,

<snip>

Post by Jean
Could anyone tell me if they ever heard of this company please ?
It sound weird to me that I ve been refused everywhere and this one
says OK without even an over the top APR.
Thanks

you dont think 15.2% is an over the top APR?

[John Bishop]

Post by Tumbleweed
you dont think 15.2% is an over the top APR?
--
Tumbleweed
email replies not necessary but to contact use;
tumbleweednews at hotmail dot com

exactly, plus you probably pay them £48, then your loan gets turned down by
the loan company

John

[Select]

Its a scam, they take your cash and send your details to loads of loan
companies... I fell for that, in the end I went

to Welcome Finance, I managed to get a £3000 loan over 3 years for £160 p/m

[o***@yahoo.fr]

Post by Select
Its a scam, they take your cash and send your details to loads of loan
companies... I fell for that, in the end I went
to Welcome Finance, I managed to get a £3000 loan over 3 years for £160 p/m

Thx for your replies.

It is also what I thought, that it was a scam.

I checked Welcome finance on the internet, but they just do car though,
is that right ?

Thx

J.

[Tim]

... I went to Welcome Finance, I managed to
get a £3000 loan over 3 years for £160 p/m

Are you sure you meant that?
You are paying 3 x 12 x £160 = £5,760 for a £3,000 loan?

The interest rate for that is over 61% !!

[john boyle]

In message <***@individual.net>, Select <***@thanks.com>
writes

Post by Select
Its a scam, they take your cash and send your details to loads of loan
companies... I fell for that, in the end I went
to Welcome Finance, I managed to get a £3000 loan over 3 years for £160 p/m

Which is an apr approaching 60%