YOU ARE HERE: Cambridge Online > Cambridge City Guide > Welcome Finance > Reviews of Welcome Finance > Review

"I am slightly baffled..."

A review of Welcome Finance by Hello - Saturday 19th of May 2007

Advertisements

I have read few of the posts. Those that struck me the most are the ones taht complain about the interest paid.

I looked on their website (I may use them) and it states at the bottom of the web page APR is 59.4 % (typical - meaning it can be raised or lowered). I then used a repayment calculator through my google search engine and worked out the repayments and what I would owe.

It is manifest that the longer one has a loan the higher your overall repayment to the company will be. I compared the total interst for a 2 year period and a 4 year period - it differs dramatically.

If you did not see it on the web at the time of the application then it owuld be in your contract. WHy an earth would someone sign a contract and not read the terms and conditions. Did you not ask what the repayments would be each month? By calculating this with the duration of the loan you would have go the final repayment figure inclusive of the amount you borrowed.

Agree? Disagree? Add your own review of Welcome Finance

Did you find this review inappropriate or offensive?

More Welcome Finance Reviews

View all Welcome Finance reviews

Now showing reviews 1-5 of 131

View all 131 reviews »

GOOD work Colindale by Ms SG - Stop Hating
Ive had a loan with welcome for the last 24 months and have been dealing with the same person - when...

Who is at Fault?? by Joseph - bush
I have read numerous reviews with respect to the interest rate, a a previous employer at experian, w...

Just want to say thanks by Steve
I could help notice the comments on previous threads - first of all, I have been a customer of Welco...

JUST DESERTS by Jacks
Having read a lot of reviews on this site, one thing is clear, the people that complain about Welcom...

Think you're clever? by Jacqueline
So, you obtained a loan of £1000 then lost your job - how convenient! Did you take out Payment...

View the complete list of Welcome Finance reviews »