WARNING: May contain opinions
It's a desperate time, with my partner being self employed we were struggling to get by. I looked around for a loan to reduce monthly outgoings so I could support us and one day got a leaflet through the door. Loans 4 U. So I called. They said yes I could have a loan but they charge a brokers fee (yes I know I'm stupid by the way) once I sign the paperwork. I hand over my card details and agree to the 23rd of that month. After it my brain kicks in and I think, hang on, that was too good to be true. So I look at "Loans 4 U reviews" and my worst nightmare comes true. I've been conned. I instantly ring the bank and tell them, they say cancel your card. I do, I feel a bit smug and get on with things, decide we will get by somehow without a loan. I never get ANY documentation from them. Today, over my overdraft and on a cancelled card they take the £59.50 (may not seem like much, but it's a fortune to us right now). I call the bank, they say it's my fault, if I hand over my card I give the person/organisation the right to take ANY money from me whenever they like! The fraud department of the bank rejects my case as I gave them my details (despite being lied to and not entering into a contract). I phone them again to make an appointment, tell them what happened and they tell me that there is no way the bank can stop this company from taking my money, despite it taking me over my overdraft, despite the card being cancelled. I go to the bank, same story.
I have reported them to the FSA and the fraud squad. But honestly, the worst part of my story is this: this has been been going on for years to literally THOUSANDS of people. This company has taken £1000's of pounds off some people in repeated debits. Some have got the money back through the courts, others have not. What are the fraud squad doing? Not arresting, prosecuting and imprisoning the man who runs this company. In July 2010 the Mirror reported that Nasser Mohammed Yusuf of Loans 4 U had been told to repay the public. Yet he still trades, he still cons and he still wins.
What can I do?
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