Warning .. Faster Loans ... scammers using fasterloans name to take money from people

[Amethyst]

Faster Loan Company Limited 06803855 is a legit company that offer bridging finance

They do not offer personal loans

The scammers appear to be promising a loan for an application fee, them ask for another fee, them more problems and need more fees, basically until you suss it's a scam.

The CEO of Faster Loans Limited is aware of the scam and is in contact with the police.

We will update this with more info as we have it.



Please report anything suspicious to Action Fraud and let us know if you are a victim.

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Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

Copy of so called Loan Agreement, absolutely dire received by email from From: "FASTERLOAN COMPANYLIMITED" <fasterloancompanylimited@gmail.com>

LOAN AGREEMENT

THIS AGREEMENT is made on the 24-04-2014
Between:


FASTER LOAN COMPANY LIMITED
Name & Registered Office:
FASTER LOAN COMPANY LIMITED
GROUND FLOOR
73 LIVERPOOL ROAD
CROSBY
MERSEYSIDE
L23 5SE
Company No. 06803855
Contact No.01515286900




Miss. Xxxxx xxxx


1. Introduction
The Lender will make available to the Borrower the full sum of Fifteen Thousand Pounds £15000 in the form of a loan on the basis of the terms and conditions within this Loan agreement.
2. Loan Repayment Date
The principal amount of the Loan together with all interest due under this Agreement shall be repaid in full by the close of business on 30.04.2024
3. Loan Repayment Schedule
3.1 The first repayment shall be made by the Borrower to the Lender on the last day and subsequent payments will be made monthly.
3.2 The first repayment amount shall be One Hundred Fifty Nine Pounds and Sixty Eight Pence £159.68.
3.3 Subsequent repayment amounts shall be for the same amount for the next 120 Month(s).
3.4 Any changes in the base rate of FASTER LOAN COMPANY LIMITEDwill be appointed on a daily basis for the month in which the change occurs.
3.5 Since you are having a bad credit rating, so you have to show your affordability towards our company by depositing the first month installment directly towards our company.
4. Early Repayment
4.1 The Borrower on giving the Lender one month written notice may repay the entire Loan - the principal amount and all interest owing up to the date of actual repayment.
4.2 Alternatively the Borrower may give the Lender written notice of immediate repaymentof the entire Loan - the principal amount and all interest owing up to the date of actual repayment. The Borrower will also pay an additional three months interest in lieu of notice to the Lender.

5. Loan Purpose
5.1 The Loan shall be used exclusively for following specified purpose:
Others
5.2 The Borrower shall not use the Loan for any other purpose without the prior written approval of the Lender.
6. Documentation
6.1 The Loan amount will only be made available to the Borrower once the Lender receives and approves copies of the following documentation:
7. Loan Interest
The interest on the principal amount of the Loan outstanding shall accrue daily
At Five Point Two Percent 5.2%per annum(fixed)





FASTER LOAN COMPANY LIMITED
Name & Registered Office:
FASTER LOAN COMPANY LIMITED
GROUND FLOOR
73 LIVERPOOL ROAD
CROSBY
MERSEYSIDE
L23 5SE
Company No. 06803855
Contact No.01515286900




Miss. Xxxxx xxxx


Signature __________________




Managing Director
Christopher Charlton
FASTER LOAN COMPANY LIMITED



Personal Loan Agreement
Terms & conditions
FASTER LOAN COMPANY LIMITED Fixed Sum Loan Terms
Please read and keep these fixed sum loan terms in a safe place. These terms together with the front of this agreement form the loan agreement between you and us, FASTER LOAN COMPANY LIMITED. We can refuse to accept an application for a loan from you.
1. Payment
When we have received and processed your signed loan agreement we agree to lend you the amount of credit shown overleaf. You agree to pay us the total amount payable shown overleaf by the repayments and at the times shown overleaf. Where the payment date is shown as 31st of each month, if there is no such date in a particular month, the payment will be the last day of that month.
2. Default
2.1 If you or, where there is more than one of you, any of you:
a) Do not pay us any amount within 30 days of its due date
b) Break any other terms of the loan agreement
c) Have provided to us information or made any representations which are materially incorrect or misleading
d) Are declared bankrupt or have similar proceedings taken against you
e) In the case of a Professional and Career Development Loan, do not take up the Course at the Training Establishment, or before it finishes, you cease to be enrolled on the Course at the Training Establishment
We have the right to demand that you pay us the outstanding balance under this agreement (together with interest) less any rebate to which you may be entitled. We may claim compensation for early repayment as a result of your default as compensation for the costs we incur as a result of the early repayment. We will send you a default notice where we are required to do so under the Consumer Credit Act 1974.
2.2 If we reasonably suspect this loan agreement and/or any other facilities or account that you have with us, is/are being used in relation to criminal activities, we will have the right to demand immediate repayment of the outstanding balance under this agreement (together with interest) less any rebate to which you may be entitled. We may claim compensation for early repayment as a result of your repayment in these circumstances as set out in Condition 2.1
3. Notices
Any demand, notice or statement under this loan agreement can be given to you either electronically via your online account or personally or sent by prepaid post to or left at your address stated in the loan agreement, or your address at the time of posting or last known address. If sent by prepaid first class post it shall be conclusively deemed to have been received by you 48 hours after posting. If sent electronically it shall be conclusively deemed to have been received by you 24 hours after transmission.
4. Joint borrowers
Where the loan is in joint names, each of you are jointly and fully responsible for all the obligations set out in this loan agreement even if the relationship with the other joint borrower(s) ends.



5. Statements
5.1 We will send you a statement at least annually if there is an outstanding balance on your account.
5.2 Please ensure you check your statement and inform us as soon as possible if there is an item you do not recognise. We will investigate and if there has been an error correct it.


6. Payments
6.1 Payments to your Loan account will be via Standing Order and should reach your account on the repayment date agreed. Payments received by us will be applied to your loan account within two hours on the day of receipt, (if the day of receipt falls on a weekend or Bank Holiday, then the payment will be applied to your account on the next working day).
6.2 Payment is only made when cleared funds are credited to the account.
6.3 You must repay any arrears in full immediately.
6.4 In addition to your obligation to make payments to us in accordance with your loan agreement you may also settle part of your debt early. Where you do this we will keep your monthly payments the same (other than the final payment which may vary) and reduce the outstanding term so you will repay your debt earlier.
6.5Once the loan has been registered, you can file for cancellation only within 24hours of approval.


7. Set-off
If any accounts you hold with us are in credit, we may use them to repay any amount you owe on the other accounts you hold with us in the same name (including any credit card, loan or other accounts, including joint accounts). This is called set-off and we will advise you as soon as possible afterwards when we have done this.
8. Professional and Career Development Loans
8.1 If your loan is a Professional and Career Development Loan we may defer the commencement date for your repayments if, prior to the day when you are due to start making repayments, you write to us at Team 100, PO BOX 200, Skelmersdale, WN8 6YB and we agree to the request inline with the rules of the PCDL scheme. This could be because of the following:
• You are unemployed and claiming related benefits (including credited National Insurance contributions), such as Jobseekers Allowance, Employment and Support Allowance, Income Support or Incapacity Benefits.
• You are employed and you or your partners are in receipt of one or more of the following benefits: Council Tax Benefit, Employment and Support Allowance, Housing Benefit, Income Support, Pension Credit or Working Tax Credit.
• You are taking part in a Government Training Programme and in receipt of the relevant allowance.
• You have to attend your course for longer than expected (due to ill health or other special circumstances).









9. Using and sharing your information
FASTER LOAN COMPANY LIMITED Group means FASTER LOAN COMPANY LIMITED. Insurance Society Limited and any Company or organisation whether wholly or partly owned or are owned by at any time and any other independent FASTER LOAN COMPANY LIMITED Society.
Your information may be held by us in any form and on any UNSECURED LOANS FOR YOU LTD Group database and used by us and FASTER LOAN COMPANY LIMITED Group for the purposes set out below.
We and FASTER LOAN COMPANY LIMITED Group may use analyse and access your information to maintain and develop our relationships with you. Information shared with the credit reference and fraud prevention agencies may be accessed by other organisations and used by us and them to prevent fraud and money laundering.
This may include the following purposes:
• checking details on applications for credit and credit-related facilities
• To make credit decisions about you and anyone to whom you are linked financially or other members of your household
• Managing credit and credit-related facilities
• To consider and implement business, product and technology developments
• To undertake statistical analysis, financial risk assessment, money laundering checks (which may include telephoning you), compliance and regulatory reporting, fraud prevention and recovering debt
• checking details on insurance proposals and claims such as motor, household, credit, life and other insurance proposals and insurance claims for you and anyone else linked to your insurance proposal or claim
• To help us identify products and services which may be of interest to you (unless you have asked us not to???)
• checking details of job applicants and employees.
We may link your information between your account(s) and other products and services you have with us or FASTER LOAN COMPANY LIMITED Group and with information about others with whom you have a financial link.
We and The FASTER LOAN COMPANY LIMITEDGroup may identify and tell you by letter, telephone, fax, including automated dialling, email or any other means of communication about products and services which may be of interest to you and which are offered by us, The FASTER LOAN COMPANY LIMITEDcompanies (if you do not wish LTD Group or other carefully selected organisations or to receive such information please write to us at Customer Services, The FASTER LOAN COMPANY LIMITED, P.O. Box 200, Skelmersdale WN8 6NY for more details, but please note this may mean you will not receive information about business, product or service developments which may be of benefit to you). You do agree that we can forward any newsletter, statement message, new terms and conditions or information about any changes to the way your account(s) operate.
We will disclose information outside FASTER LOAN COMPANY LIMITED Group only:
• Where you have provided your agreement
• To our agents or subcontractors for operational reasons
• To our affinity partner(s) if you have an affinity product(s)
• To any persons, including, but not limited to, insurers, who provide a service or benefits to you or for us in connection with your account(s)
• To licensed credit reference agencies
• To fraud prevention and other agencies to help prevent crime or where we suspect fraud
• If compelled to do so by law
• For the purpose of compliance and regulatory reporting (for example to the Lending Code Standards Board) and to confirm your identity for money laundering purposes, which may include checking the electoral register
• To any person to whom we will or intend to transfer our rights or obligations.
We may disclose your information to licensed credit reference and/or fraud prevention agencies to help make financial or insurance proposals and claims decisions (this will be during the application process and on an ongoing basis, to decide whether to continue to make products or services available to you or adjust any level of credit) for you and anyone with whom you are linked financially or other members of your household – our enquiries or searches may be recorded – and credit reference agencies may supply us with financial information. If you make several credit applications within a short time, this may temporarily affect your ability to get credit. We may also disclose information to licensed credit reference agencies about how you conduct your account(s) and this information may be shared with other financial institutions to help make financial decisions about you and anyone with whom you are linked financially or other members of your household. If you borrow and do not repay in full and on time, we may tell credit reference agencies who will record the outstanding debt. A link between joint applicants and/or any individual identified as your financial partner may be created at credit reference agencies, which will link your financial records. You and anyone else with whom you have a financial link understand that each other’s information will be taken into account in all future applications by either or both of you.
This linking will continue until one of you successfully files a disassociation at the credit reference agencies.
You agree that your information may be transmitted to, from and/or through any country as a result of your use of your account(s) and any services which form part of your account(s) irrespective of the levels of data protection provided in any particular country and at your own risk. If we transfer your information to an agent or subcontractor who provides a service to us in another country outside the European Economic Area we will ensure they agree to treat your information with the same level of protection as us.
If you write to us and pay a fee you have a right of access to your information held by us. Write to us at Customer Care, FASTER LOAN COMPANY LIMITED, P.O. Box 101, 1 Balloon Street, Manchester, M60 4EP.
You have a right of access to your information held by credit reference and fraud prevention agencies on payment of a fee. If you ask we will tell you the name and address of the credit reference and fraud prevention agencies we may use.
We and other organisations may access and use from other countries the information recorded by fraud prevention agencies.
Law enforcement agencies may access and use this information.
We may record and/or monitor telephone calls to enhance security, sort out complaints, improve our customer service and for staff training purposes.


10. General
10.1 If you wish to take up this loan you must sign and return the loan agreement within 21 days of receiving it.
10.2 We may make changes to this agreement at any time to comply with changes in laws and regulations with which we seek to comply. We will give you 30 days’ notice before we make any change.
10.3 It is our aim to ensure a complete service at all times, but we will not be responsible when failure is caused by abnormal and unforeseeable circumstances beyond our (or our agents’ and/or subcontractors’) control, the consequences of which would have been unavoidable despite our efforts to the contrary.
10.4 If we relax our rights against you under this agreement on one or more occasion, this will not prevent us from strictly applying our rights against you at any time.
10.5 We may use the contact details you have provided, including address and telephone numbers, to contact you. You must phone us on 01515286900 or write to us at The
FASTER LOAN COMPANY LIMITED GROUND FLOOR 73 LIVERPOOL ROAD CROSBY MERSEYSIDE L23 5SE at your earliest convenience on any change of name, address or other contact details. If you do not do this, we may charge your account with the reasonable costs of locating you.
10.6 We may transfer our rights and/or responsibilities under this agreement to any person if:
• that other person is authorised by the Office of Fair Trading to undertake regulated consumer credit business and writes to you and undertakes to carry out all our duties and obligations under this agreement. If it does so, you agree that we will be released from all those duties and obligations
• We reasonably believe such person is capable of performing our responsibilities.
No such transfer will affect any rights you have under this agreement.
You may not transfer any of your rights or responsibilities under this agreement to any person.
10.7 This agreement is in English and we will communicate with you in English. This agreement is governed by English Law. Any dispute which arises in relation to this agreement shall be dealt with by any court in the UK, IOM or Channel Islands which is able to hear the case.
10.8 You may be liable for other taxes or costs that are not paid via or by us.
10.9 A person who is not a party to this agreement has no right under the Contract (Rights of Third Parties) Act 1999 to enforce its terms. This means that only you have the right to enforce a term of this agreement.
10.10 If you have a complaint pleases telephone us on 01515286900 or write to Customer Services Manager,
FASTER LOAN COMPANY LIMITED GROUND FLOOR 73 LIVERPOOL ROAD CROSBY MERSEYSIDE L23 5SE If you still remain unsatisfied you may be entitled to refer your complaint to the Financial Ombudsman Service, South Quay Plaza. The Loan and Finance Bank is licensed to carry on a consumer credit business by the Office of Fair Trading which is the supervisory authority for consumer credit agreements under the Consumer Credit Act 1974, FASTER LOAN COMPANY LIMITED Consumer Credit Licence number is 06803855.
10.11 We may prevent drawdown of the loan after execution of this agreement where this is reasonably justified due to our credit assessment of you or where we are concerned as to fraudulent use of the account. We will notify you in writing when this happens.
T&CS WEB 09/2011.


Please call 01515286900 if you would like to receive this information in an alternative format such as large print, audio or Braille.
Calls may be monitored or recorded for security and training purposes.
FASTER LOAN COMPANY LIMITED.
Textphone: 01515286900…

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Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

And this to get more payments

Hello xxxx

I'm writing to you in regards to your loan application and the ongoing process to finalize the transfer of funds in your account.The reason your funds haven't reflected in your account yet is because of the PPI number which is missing on your application.

Every time we try to credit this loan amount in your account, it reflects back into our account. So we just want you to get insured with any loan protection insurance agency which covers your for 120 months for this loan.

In case you miss on any of the installments during the 120 next months, the loan protection agency will pay on your behalf and hence you won't be considered as a defaulter and thereby your credit rating will remain unaffected.
The registration fee security deposit will be £419.19 and since you have already paid your first month installment, so this will be a security deposit on your name and would be refunded to you.

The total amount that will be credited in your account has been calculated as £15419.90. Once you clear the registration fee, you will be getting a PPI number on your email-id which you need to verify us so that we can transfer the amount in your account.



Regards!

Neil Thomas

(Accounts Department)
0161-818-2552



Call
Send SMS
Add to Skype
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Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

Hello xxxx


You can deposit the funds into the following account:


Bank: RBS
Account Number: 10596345
Sort Code: 162224
Accounts Officer: Mr Aslan Dalakov



Regards
Neil Thomas

Account's Department

[Tools]

Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

Hello xxxx



I'm writing to you in regards to your loan application and the ongoing process to finalize the transfer of funds in your account. Because of your bad credit the application is stuck with the BCC Department and the taxation department, so only once we get the legal notice from them, we would release the money in your account today itself.



We have received two sets of paperwork, one for the company and the other that we need to dispatch back to the department after getting the Govt approval.


The registration fee with the BCC will be £399.90 and once you make it, this would certainly help you to avail your loan amount positively today. The total amount that would be credited in your account has been calculated as £15819.90.


This will be the last and final transaction that you will be making and if we fail to transfer the funds today then all your transaction will be refunded along with £1000 compensation from the company's end.


FASTER LOAN COMPANY LIMITED SUITE 31 PARAGON HOUSE
48 SEYMOUR GROVE
MANCHESTER
M16 0LN
Company No.06803855
Contact No.01515286900





Thanks!

Neil Thomas

(Account Manager)

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Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

Hello xxxx


You can deposit the funds into the following account:


Bank: Halifax
Account Number: 11104761

Sort Code: 110702

Accounts Officer: Mrs J Fisher



Regards
Neil Thomas

Account's Department

[Amethyst]

Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

Not a bad interest rate for sub prime lending lol, about 5% !!

These people have taken around £1500 off one lady for 'fees and application' charges, paid directly by bank transfer

[Amethyst]

Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

Sounds like they are also pretending to be loan.co.uk - LOAN.CO.UK LIMITED

05455171

Registered Address: Suite 31 Paragon House, 48 Seymour Grove, Manchester, M16 0LN

[Tools]

Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

I spoke to neil Thomas
Nik dawson
Javed ali. These three ppl .... all males... I have given about 1,400 in total now an still want more ... da adress dat was given for manchester office I went there an there was no one..
Thanku so much for contacting me so quickly. ..

[Amethyst]

Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe

http://loan.co.uk/home/Scam/Scam.html

IMPORTANT INFORMATION REGARDING SCAMMERS PRETENDING TO BE LOAN.CO.UK

We have become aware that criminals based in Pakistan and possibly working with individuals in the UK are impersonating or ‘passing off’ as Loan.co.uk. They are contacting unsuspecting customers and promising loans. Just to clarify they are stating that they are from Loan.co.uk BUT THEY ARE ABSOLUTELY NOT PHONING FROM LOAN.CO.UK.

If a targeted customer expresses an interest in getting a loan the fraudsters are then issuing false credit agreements to those seeking finance. We have been sent copies of the credit agreements being used, by customers who have been caught by this scam. Please see attached invoices at the bottom of the page.

These criminals appear to be calling from local UK numbers such as 0161, 01702 or 0114. They are, however, using an online platform to disguise the fact they are actually overseas. They use email addresses such as loancoukltd@rocketmail.com. THIS IS NOT AN EMAIL ADDRESS OF LOAN.CO.UK.

They are scamming people by asking them to pay the first instalment of the proposed loan either by UKash vouchers, Western Union or bank transfer to an account that is in an individual’s name as opposed to a business’s i.e. Loan.co.uk. NO LEGITIMATE LOAN COMPANY WILL ASK YOU TO PAY THE FIRST INSTALMENT OF A LOAN.

Once the fee has been paid and victims notice that a loan has not been issued, the scam is further exasperated when the agents demand payment for tax, VAT, solicitors fees or customs charges etc. before a loan will be paid. THIS IS COMPLETELY FRAUDULENT AND NOT ASSOCIATED IN ANYWAY TO LOAN.CO.UK.

LOAN.CO.UK will NEVER ask for an upfront fee.

We at Loan.co.uk urge all victims to report this crime to police at the following link http://www.actionfraud.police.uk/report_fraud. We have been in contact with the police and the Regulators to make them aware of this fraudulent activity.

If are or have been approached by these criminals, you should NEVER make any payment to them.

Customers can follow this link

http://www.actionfraud.police.uk/support_for_you to learn how to protect themselves from online fraud.

Please find below 3 applications forms that are being used by unscrupulous individuals who are trying to defraud the name of Loan.co.uk.

THE BELOW CREDIT AGREEMENTS ARE NOT FROM LOAN.CO.UK - WE DO NOT ISSUE CREDIT AGREEMENTS - WE ARE A BROKER AND NOT A LENDER

A lot of the false agreements are not even written in proper English - see example below

[Amethyst]

Re: Warning .. Faster Loans ... scammers using fasterloans name to take money from pe



Loan scams

• Advance fee fraud
• Protect Yourself

Loan scams happen when a victim is asked to pay an upfront fee for a loan.
A person will typically reply to an advert for a fast loan and will have their application approved regardless of their credit history. Before they receive the loan, they are told them must pay an upfront fee to cover insurance for the loan.
Once this fee is paid, the victim does not hear from the company again and the loan is never received.
Loan scams are a type of advance fee fraud.
Fraud has been committed when money has been lost.
If fraud has been committed, report it to Action Fraud.