- Upfront Fees
- Late Fees
- Acceptance Level
- Customer Service
FLM Quick (“FLM Quick”) are no longer providing loans they have switched their name to Amigo Loans and have changed many of the principles of their.
FLM Quick used to provide loans of between £50 and £500 at a rate of 199% APR this has now switched to Amigo Loans a welcome change as far as Guarantor Loans Compare is concerned, they now offer loans of £1,000 to £5,000 at 49,9% APR much better wouldn’t you agree?
FLM Quick was a trading style of Haymarket Lending Ltd
Pro’s n Con’s
- Had some good ideas.
- No Longer Providing Loans
- Collections Only
Rules For Posting Reviews
“No problems. Just go in with your eyes open!”
I spent quite a while searching for short term loans for people with bad credit and FLM Quick came up trumps. My guarantor was accepted no problem and I borrowed £500. What is not very clear at the application stage is that if you only pay the minimum payment each month, it is much the same as a credit card and you will end up paying this loan f-o-r-e-v-e-r as you are literally just paying the monthly interest. I wouldn’t hesitate to recommend this firm BUT do go in with your eyes open – if they say you can pay back £50 per month, try and pay back at least £70 otherwise you will end up in a vicious cycle of paying interest only and never seeing the loan amount go down. If I pay more than the minimum each month, within a year I will pay back just under £900 for the £500 that I borrowed and then I’m clear. Yes that’s a LOT but I knew what I was getting myself in for and literally no one else would lend to me after my marriage broke down and I was left in debt. I know it’s not the best deal, but I’m grateful that there are companies like this out there willing to lend to people like me. I’ve got my debt sorted but I can’t afford to save and at the moment my credit history hasn’t cleared. What choice did I have? I need the money to help my son move house so … that’s life. As I say, I would recommend this company but please make sure you understand what you are signing up for. Don’t pay the minimum each month – pay more! And pay off early if you can b/c there’s no penalties if you do this (another bonus). I think a lot of bad reviews seem to be from people that don’t understand the repayment system.
Response: Thank you for your FLM Qucik Review