Barclays Bank Loans

Choose Wisely

I already had a loan with Barclays for 2K over 60 months and was offered an extension up to £18,100, even though I am a pensioner over 70. I took the opportunity to clear all my credit card debts which had grown whilst renovating a property overseas. I applied online for an unsecured loan and found that the rate escalated after 15K borrowing. However, the rate of 14.4% for 18K+ seems quite high but, at my age, I have little choice when borrowing. Anyway, the loan is much cheaper than the credit cards (23%) and I will pay off it off in full in the next five years but with a similar monthly repayment. In addition the repayment is fixed, unlike with the cards who change their rates when they felt like it and their terms and conditions. Fine for me, and I now have two empty credit cards. The online application was simple and fast, Seconds after I clicked the sign window 18K appeared in my Barclays Savings account. When I got over the shock of the transfer speed I paid off my cards within ten minutes, before I was tempted to go out and buy a boat.......hahaha.

bananaman

Smart Money People

I received an invite in the mail for "fixed apr as little as 4.99%." Last night I went online, applied (for less than half of the $35,000 limit), indicated my preferred term ... and was approved, just like that. Painless. The money was deposited in my account today. I read all the negative reviews and considered not applying, but I'm glad I went ahead and did it.

cfm

Choose Wisely

As an established Barclaycard customer, I was regularly receiving invitations from Barclays for an instant loan - no questions asked. As I had quite a few debts here and there with other credit card and store card companies, I decided that taking out a loan would be a good idea - that way I could pay off my debts in a fixed repayment every month. I took a loan out for £4,000 which was enough to pay off my other store cards with a little to spare. I took out the loan for a five year period at £128 per month which meant a total of £7,680 was due to be repaid - not quite sure how that figure came from but it seemed awfully high at the time!!Anyway, 18 months into the loan, I had accumulated the cash to pay the loan off once and for all. I telephoned BarclayLoan and requested a settlement figure as they were unable to give it to me over the phone. The settlement figure, after 18 months of monthly payments of £128 - was more than £4,000!!!I also had a £8,500 car loan out at the time which I had been repaying for 8 months which I also requested a settlement figure for - that was around £7,600 - so how the hell did BarclayLoan come up with their extortionate figure worth more than the actual loaned amount after 18 months of repayments???My advice to anyone needing a loan - don't go for this one!!!

owlypowly

Smart Money People

Please don’t waste your time applying. I received a pre-approval letter for $35,000 for a personal loan. My credit has been excellent for the last 3 year and I have been on my job for 13 years. I wanted a personal loan to consolidate my bills and requested 30,000. They called and ask me a lot of my personal business what I will use the money for and what I spend on credit cards ex. food, gas, and clothes I told him no. He said you have a total of $18,000. In debt and we can give you $5000. I told them no thanks but now I have a hard inquiry on my excellent credit that has to stay there for 2 years. I believe they are information seekers. Sign, Very disgusted and disappointed

Jasmine Gaines

Choose Wisely

This is a caution note for anyone who would be tempted to get a personal loan in Barclays. A year ago I got a loan in this bank, and regularly paid it back until last month, when, by mistake, I transferred my monthly repayment to the wrong account (saving account, instead of current account), and noticed it 3 weeks after the date of monthly payment and immediately transferred the funds into current account. Three weeks after this event I began to receive lots of telephone calls from companies offering me debt management (!), quick loans (!) and the like. The worst thing is that those people called not only on my mobile phone (sometimes during important meetings, or early in the morning on my way to the office) but also called my office number! I was stalked by telephone calls for two weeks. It happed once or twice that the secretary in my department answered these calls and I had to explain to everyone at work that I am not in deep financial troubles, bankrupt, or anything like that. To make it absolutely clear, I NEVER gave my personal details nor contact numbers to any company of that sort. These details, along with the information that I missed one payment, were available in the banking system of Barclays bank. And I am asking myself: how come my personal data got out of this system? So, do yourself a favor, avoid Barclays!

Guest

Smart Money People

Received a pre-selected loan offer for a fixed APR as low as 4.99% a couple of days ago. However, just after submitting my personal info online to check the actual rate available to me, a denial message was shown on my computer. Why the Barclays wasted everyone's time by sending out those pre-selected offers at the first place??

pissed-off customer

Choose Wisely

As an established Barclaycard customer, I was regularly receiving invitations from Barclays for an instant loan - no questions asked. As I had quite a few debts here and there with other credit card and store card companies, I decided that taking out a loan would be a good idea - that way I could pay off my debts in a fixed repayment every month. I took a loan out for £4,000 which was enough to pay off my other store cards with a little to spare. I took out the loan for a five year period at £128 per month which meant a total of £7,680 was due to be repaid - not quite sure how that figure came from but it seemed awfully high at the time!! Anyway, 18 months into the loan, I had accumulated the cash to pay the loan off once and for all. I telephoned BarclayLoan and requested a settlement figure as they were unable to give it to me over the phone. The settlement figure, after 18 months of monthly payments of £128 - was more than £4,000!!! I also had a £8,500 car loan out at the time which I had been repaying for 8 months which I also requested a settlement figure for - that was around £7,600 - so how the hell did BarclayLoan come up with their extortionate figure worth more than the actual loaned amount after 18 months of repayments??? My advice to anyone needing a loan - don't go for this one!!!

owlypowly

Smart Money People

Hello Friends, I got my bad credit loan of 10,000$ from Mr Lavington yesterday and I decided to share this testimony to you all, If you have a bad credit and you need a loan I like you to contact Mr Lavington as well because he asked me to let my friends know about his loan offer. He offers loans from 3000$ to 1 Million Dollars and His interest is 2% with maximum loan duration of 25 years So no matter your situation you can get a cheap loan because this offer is better than the bank who demands for Higher Interest. To get your loan contact Mr Lavington : [email protected] or you can Text/Call +18288270635 for Whatsapp you can message him on +16317433683 Thanks

KENT

Choose Wisely

The package is bog standard, but there is a total lack of transparency as far as how things are calculated. There is a lack of information for the customer (once they have the account) and to customer service staff who would sort these things out. I'm sure that if there hadn't been the mistake we wouldn't have noticed these other things (I wouldn't have checked out the loan rates for HSBC), but the way they have dragged their heels to sort things out and recredit the account is appalling. I would say to people to keep every scrap of paper, and get regular updates on the balance and challenge anything that looks vaguely suspect.

o.gerbilpants

Smart Money People

Just rec'd letter saying i was preapproved for a loan at 4.99% to which i would use to consolidate.....the best rate they would give an exceptional credit number is 14.99%......where did the 4.99% go??? ONCE A SCAM ALWAYS A SCAM COMPANY

simon