A review of Welcome Finance by Miss Realistic written on Sunday 30th of March 2008
Welcome Finance might have high interest rates, but think why. All businesses have to make profit to run and employ their staff. Welcome saw a gap in the market; they are among the only people willing to provide loans to people with no credit, when lets face it we all need it in order to buy cars and other big items. The reason for the high interest rate is a) low credit scores and the risk to the company and b) You need the credit/money/car desperately. Therefore, whos to say they shouldnt exploite you to their maximum potential? Most other companies do it without you noticing.
Ive read loads of complaints about this company on finanial threads, when really, its consumers not reading the small print. All companies are the same.
If you dont want to pay back money, dont bother borrowing it in the first place..
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Map showing Welcome Finance on Histon Road