FLM Loans Complaints

FLM Loans - Threatening nature, and possible illegal actions by Staff

2010-05-02 08:41:04 by Fred926
Company information:
FLM Loans.
United Kingdom

Take a look at the way FLM have handled this poor, distressed young girl! Note particularly, the advice given to her by FLM Loans. This must be very close to the Law that says it is illegal to 'Demand money with menaces!' WHY are these companies allowed to get away with this? This was posted on the Internet by a young lady who was obviously terrified by this company.

Problems with a company called flm?
im having alot of hassle of a loan company called flm.
i became a guarentor for someone, i have since lost my job but flm ring me almost daily as the payments have fallen behind.they threaten me with summons and losing my house.i have gone to a debt consolidation agency as like i say, i lost my job and things were just to tight to survive on.
flm say the debt agency are lying to me, , that there is no way they should be dealing with this debt and no matter what the debt place say, i should still b paying flm direct.however...
the debt place r saying they deal with flm on a daily basis, that they r vultures and will say anything they can to try and get me to pay up!ive been in tears on the phone to flm, when theyve been telling me to sell my babies toys if i have to, they dont care how i get the money, , just to get it!
please help...any advice???
13926 Responses
2011-01-05 08:14:09 by Phil
They are easy to contact - text, email and phone. Easy and quick to deal with. I have just done a topup loan with them and it couldn't be easier - yes they need a guarantor as stated obviously everywhere, but require NO money up front. If a broker has referred you to them a fee might apply - but it gets added on top of your loan so you are not out of pocket before applying. People, don't fall behind - if you have to get a loan from these guys then you obviously haven't got a credit history else you could get a cheaper loan through your bank. Dont miss payments, simple. You can also pay extra when you are flush, using your debit card online. So pay your odd spare tenners into it when you can to get the balance reducing quicker.
2011-01-05 08:20:07 by haun
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2011-01-05 17:47:11 by Del
correct me if i,m wrong but when you take a loan where you need a guarantor (home owner) and there bank details then this is when you must say (if i cant pay then the guarantor has agreed too) and to get the loan you must agree to these conditions. put the shoe on the other foot people how would you feel not getting your money on time?????? I think at the end off the day if you cant pay then you have let FLM down your guarantor down and yourself now that's honesty. one thing i would say is i would not put up with rudeness from anyone record your calls and keep your text messages.
2011-01-07 07:34:01 by Bryanbukowski
Oh dear, doesn't this just scream to you the problems we have as a nation? I want loads of money, I want to live beyond my means, but when I get finance and the company want it back I'm going to moan about it. I agree that these 'Loan sharks' should be more responsible with their lending and I think that if they are using threatening behaviour then yes, that is an issue. But sorry, there are so many people on this site complaining just because a company lent them money (and lets be honest, more than likely other companies wouldn't touch with a very long pole) and then they ask for it back, at a time the person agreed to. Grow up and take responsibility for your own debt folks, then the rest of us might get better APRs.

Rant over.
2011-01-10 08:39:56 by Richard Mole
A real bad loans company DO NOT USE EVER
2011-01-15 08:21:57 by Riche
Had a unsolisited offer from these jockers for an amount I didn't want claiming it had been BACS to an new account in my name. The wording of the letter made it look as if I had asked for the money and that it was available instantly. They don't answer the phone either. Yes loans who pass on you details to all left me on hold for 2 hours when I made a complaint, lucky for me it was they who had phoned me back. W***ers.
2011-01-15 10:05:51 by Mags
Boy, am I happy I read all these comments before committing myself to FLM for a loan. Initially when I applied to NoWorriesloan they said that I had been provisionally approved and I paid a handling fee to them of £69. I have since filled in all my details on an application form and posted it back to them. I then had to phone them as I heard nothing from them and they said that they had done a financial check and my lender is to be FLM. It was an unsecured loan that I applied for and got approval for yet once all my personal information was given over to NoWorries they then informed me that FLM would be in touch with me and that they will require a guarantor!!!

I work full time and have a pretty good wage but I only moved to the UK 2 yrs ago and have no credit history. I have spent the last 2 yrs building up my credit score by paying all my bills on time and in full and my score is slowly rising. But I was told that if I took a small loan out and made my monthly payments on time that this would help to bring my score up quicker. Smart move or so I thought.

I don't want a loan that I have to provide a guarantor. I just wanted to boost my credit score.

I have not received any paperwork from FLM as yet but when I do I am returning it unsigned and not accepting the loan. I will also put this in writing to them. I think I'll struggle on for another yr paying my bills and hopefully get my credit score to an acceptable level that i can take a loan out from my bank.....

Thank you to all who posted comments as it has made my decision not to go ahead with this loan an easy decision to make. It sounds like it would have cost me far more in the end.

2011-01-16 05:11:18 by TT
I also have had a loan with FLM for two years now with no missed payments the only time they contacted me was to see if i wanted to increase my loan which i did, still no missed payments and no hassle, like ALL loan companies play fair and they will be ok
2011-01-18 05:25:32 by riche
Looks like some of the FLM employees have commented on this forum, FLM make unsolicited offers of loans. The wording of these offers is nothing but a confidence trick, Go to the high street for a loan don't use internet companies they are faceless and soleless. Yes loans are another shower of shit also.
2011-01-27 18:19:53 by Ann
Im having trouble with FLM . i agreed to be guarantor for a friend, my friend told me you only had to be a home owner. im not in work but care for my daughter with a disibillity and look after my mum and dad during school hours as the both have health problems. i dont get any wage for it but receive a care allowance which as far as i know isnt allowed to be touch, the amount is £53 a week.. my friend has stopped paying her repayments and i have been having all the same contacts from them as you lot.. they keep threatening to go court and adding £7 for each letter they post to me... become so poorly i almost wanted to crash my car into a wall or tempted to let a lorry hit me.. if im not here than they cant have any money.... my doctors has sent 3 letters exsplaing im ill and donr get enough money to pay someone elses loan.... i have printed most of the nasty e-mails they send or sent.. so fed up of it now.. i cant get hold of my friend.. i feel like she just want to leave me to pay her payments but what with...
2011-02-01 15:55:29 by Lisa
In all fairness, dont be a guarantor if you wouldnt be able to pay if your so called 'friend' couldnt pay either! How could your friend do that to you? This is why the country is in so much trouble....people borrowing money and not paying it back...its bloody ridiculous! I applied for a loan with FLM, and in all fairness they sound like a decent company for bad credit ratings.....people on here are moaning that they have had trouble...well.....DONT BORROW MONEY THAT YOU WONT BE ABLE TO AFFORD TO PAY BACK!!!!!
2011-02-02 09:34:43 by ///////
Thing change in peoples circumstances, if FLM loans were a good company then they would help their customers rather than harrass them, i am having loads of trouble with this company, they call work, pretend to be solicitors, send threatning texts, abusive phone calls the list goes on, i agree with Riche that FLM employees have put comments on here, dont let them bully you, something needs to be done about this company, go to the OFT or FOS.
2011-02-02 15:59:53 by Mr unhappy
Hi All would just like to all you know if you are unhappy with FLM you should contact the Financial Ombudsman Services.The more people that complain the more they will investigate their heavy handed and harassment tack-ticks to get their money off people who do not have it.Their web site '',threat to send bailiffs round and making people sell homes when loans are unsecured even if people have medical problems.So complain that's the only way to stop this happening to other people. THANKS and GOOD LUCK
2011-02-05 17:54:26 by hammers66
flm are loan sharks.DO NOT USE THEM !!!! you are better off getting the money of your local gangster it would work out cheaper!!!
2011-02-05 17:56:34 by hammers66
flm are loan sharks.DO NOT USE THEM !!!! you are better off getting the money of your local gangster it would work out cheaper!!!
2011-02-06 05:55:40 by shaz
i was about to take a loan out with flm but after reading this no way yes there is some good things about the company but to many bad things for me
2011-02-09 05:18:33 by ww
I have been considering taking out a loan with FLM & really dont see what the problem is? The only people who gripe are those who dont maintain their obligations (i.e. to repay each month), what do they expect with a "bad credit" loan if they miss payments?

These people know when you take out the loan you probably have a history of missed payments/ defaults but are still willing to give you a loan (at a premium) with the backing of a guarantor. If you maintain the payments they wont bother you or your gaurantor if you default, they'll quite rightly chase you for the missed payments & then chase the gaurantor as they have backed your loan and knew that when you took it out.

However if you are in a position to find the type of gaurantor that FLM want then most likely that person is reasonably well off or as some have suggested could take out the loan if they trust you that much at a much lower interest rate? Luckily this is whats happened to me, when I approached my propspective gaurantor they took one look at the APR and said, "look, I trust you enough to back you as a gaurantor but this interest is stupid, why dont I just give you the money and you can pay me back each month & we'll add on 5% to cover the interest I would have made on the cash savings anyway"......

I know I'm very fortunate but at least neither of us will now have to worry about some rep from FLM giving us a hard time if I missed a payment, all my friend said was "look if you have a problem one month then so long as you let me know, it'll be cool, just dont make a habit of it"....

Whilst this wont improve my credit rating much it will help me and I am so grateful to my friend, however if you can get a gaurantor but still need to take the money through FLM the I say go for it but please just be certain you can cover the payments come what may, even if it means takoing out a PPP through maybe the post office or someone for a bit of piece of mind.

Dont borrow what you cant afford, especially if a friend or family member is going to vouch for you. You only make them look stupid in the end. Good luck all.
2011-02-10 17:56:04 by David
Thank god I reviewed this first, FLM loans have been pestering me fo months, NO WAY will I be getting
a loan from these scammers, thankyou up all for these warnings.
2011-02-22 17:16:09 by Jardine
I am in the process of considering a loan with FLM, but think that the interest rates of 40-50% of the initial loan is way too much, not only that but, I may have to pay loan finder about 40 pounds even though I have not had the loan.Not sure if they will want to take any funds, so may shut down my bank account-went to the bank today to ask about possiable fraud on my account should it happen, I hope not.

Been getting texts nearly every day asking if I want the loan,also saying that there are plenty of other customers that will. I did ask if I can have the form in the post instead of completing it on line as my supposed guarantour is considering it at the moment.

To ALL of those people that think that nothing can go wrong-please understand that things in your life can change in a moment-you could lose your job, or your health -insurance covers most things.
Any monies borrowed should be paid back in a timely way-otherwise you will not get chased.

Not sure about FLM-follow your instinct & do the research before you sign on the line.
2011-02-23 09:13:00 by Sam
I applied to No Worries Loan, I got told that £20,000.00 had been approved and that I had to pay £69.00, I gave my card details and they took the money. A few days later I got a letter saying that they would send my application to their panel of lenders (Wait? I thought it had been approved).
A few days later I get a letter from FLM Loans saying that £3,000.00 had been approved (included was a statement from FLM), I read the details and found that they were going to charge £200.00. Plus I need a guarantor to get it. Basically I'll pay £269.00 to get £3,000.00 plus a guarantee.
Fraud I'd say.
Now I want to back out and get all my money back, I hope I get it but I have a sneaky suspicion that it would be messy.


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