We’re proud about the service that we provide and have never charged any upfront fees for it. And now we’re negotiated with our key lenders to ensure that you also don’t pay any fees§ when you take out your loan. In the majority of cases now if you take out a loan any income we receive is paid by the lender and not by you.
And we’d like to take this opportunity to warn of a scam that we’re aware of. There are unscrupulous people who, we think, are based outside the UK and impersonate respectable and legitimate businesses like ours to scam people out of money on the promise of finding a loan. This scam has already been reported to ActionFraud and also the regulatory body the FCA. If you have been approached by people asking for upfront fees for loans then walk away. First there is no need to pay even legitimate brokers upfront fees. Second the call may be from a scammer instead. If you are suspicious or you suspect you have been scammed it is important you report it to ActionFraud on 0300 123 2040.
Amanda Gillam is Solution Loans's General Manager and has been since 2009. She is also a prolific writer on personal finance issues, and has been quoted numerous times in articles published on 3rd party websites and in press releases. Her...Read more about Amanda Gillam