A few posts ago, we investigated a range of car advertisements and had a look at the loan packages offered when you bought through these dealers. However, car companies and the finance packages aren’t the only options when it comes to taking out a car loan. Sure, the loan packages you can get through car dealers are often very simple but if you’re smart, you probably want to shop around to find the best loan package which is why you’ve come this site so we can do all the legwork for you. You may have seen ads offering loans in other places.’ Let’s have a look at some of these and decide whether they’re a good idea or not.
From the very start, we can dismiss the sort of ad that landed in my email inbox this morning (oddly, the spam filter missed this one). This email simply said I am Mr XXXX the advertising agent of (name loan firm and the brackets were in the original). This company is a registered loan company that give out fund to those who need financial support in their businesses or other activities. Our offer is with a very low interest rate. For one to apply he/she must be above the age of 18.You have to take advantage of this as preference will be given to first seven applicant. All interested persons should contact us Via Email and then proceeded to ask for a bunch of personal details. We’ve probably all seen emails like this ‘ some are even briefer like yesterday’s beauty (which was caught by the spam filter): Do you need loan contact us now with: Name, Amount, Duration, Phone, Country.
No matter how badly you need a loan or whatever your history is, IGNORE THESE EMAILS. They are out to nick your personal information and even if they do give you a loan, the terms are likely to be absolutely vicious. Never trust any offer of a loan that comes to you you should be the one to approach the company, not the other way around. And never trust a loan company that has an ad in bad English if they’re good enough and they’re genuine, they should be able to hire a decent writer to do the job for them.
But what about other ads? Can you trust them? As usual, the age-old advice of caveat emptor (let the buyer beware) applies, and you want to keep your wits about you so you don’t end up wishing you lived back in the Renaissance or the Middle Ages when charging exorbitant interest was considered to be among the most disgusting of sins, on a par with perversion.
Let’s take a look such loan ad in my local freebie newspaper: this one offers hassle free cash loans and instant cash. It all sounds very easy but I, for one, would ask a lot of questions before hopping on their website and applying and would ask even more (probably over the phone) before calling out one of their mobile managers to come round and give me the hard sell. Frankly, the ad on the same page that offers cash for scrap metal looks a lot more trustworthy and attractive. Some of the ads you see in the paper might be for decent companies, but always do your homework and ask thoroughly about terms and conditions before signing anything.
Or, even easier, you could get us to do the homework for you. We don’t like nasty loan sharks any more than you do, and we want to help you get the wheels you need without getting in over your head.