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Rated 1 out of 5 stars

Proper shit bulgiarlan company i got 1500€ credit paid for 4months like 700€ and still i done early repayments and still paid 1500€ the shittesr company ever fck them all

Rated 1 out of 5 stars

Absolutely disgraceful company!, I had used them a couple of times previously, and paid promptly on every occasion! I got declined and called them to ask why? Was told they had been having techni... See more

Rated 1 out of 5 stars

Awful company, avoid at all costs. Ridiculously high interest rates, and will constantly offer you more money. Do not do proper credit checks and fail to provide service they should offer and do due d... See more

Rated 1 out of 5 stars

Couldn't pass from the registration process. Done the ID verification, but was unable to proceed because the software was giving an error. Contacted support, but they didn't help, told me to repe... See more

Company replied

Company details

  1. Non-Bank Financial Service
  2. Alternative Financial Service
  3. Loan Agency

Information provided by various external sources

Application can be completed in 2 minutes. All applications will be subject to credit vetting and affordability assessments. 7 DAYS A WEEK. First-time customers can borrow up to £500. Existing customers, if they qualify, can borrow up to £500 as a MicroLoan or up to £1000 as an instalment PlusLoan. Representative example: APR 1270% if borrowing £400 for 4 months. Interest: £265.48. Interest rate: 292% p.a. (fixed). Total amount repayable: £665.48 by four instalments of £166.37. Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk


Contact info

1.1

Bad

TrustScore 1 out of 5

856 reviews

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No history of asking for reviews

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1.1

All reviews

(856)

2 reviews in the last 12 months

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Rated 1 out of 5 stars

Sorry for long rant in advance..

Sorry for long rant in advance... Wanted to pay off full balance of my credit line today. Rang and entered my phone number to be told by a robot I'd be called back. Next thing a text saying they've taken £101 from my bank and if I wanted to make a further payment to text pay and amount to an 07 number which I did. 25 mins passed & payment was still not showing on account. Called offices and was told they could see my payment of £760 however there was £23.01 interest outstanding which brought the total to £783.01. I obviously agreed to pay it to clear balance. I got off the phone and checked my bank account. They had taken the £760 AND the £783.01! I also received email confirmation of both payments. I have been chasing them 4 hours and 4 calls later to be basically told I'm lying! I've had to forward emails as proof to basically do their job for them. I am currently £760 out of pocket and they don't seem interested in the slightest! Absolutely disgusted!!!!!

July 25, 2018
Unprompted review
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Reply from Ferratum

Hi Mark. I have spoken to our customer service manager who has assured me that your complaint has now been satisfactorily resolved. We thank you for your patience and understanding while we resolved the issue.

We are extremely sorry for the inconvenience this has caused you. Thank you so much for your feedback, we have now offered the team extended training to ensure this doesn't happen again and have been able to improve our service.

Our sincerest apologies again,

Jen @ Ferratum Money UK

Rated 1 out of 5 stars

Applied yesterday at 1:00pm and still…

Applied yesterday at 1:00pm and still waiting for the funds to clear over 24 hours later when I've rang up they are telling me to contact my bank I'm just getting passed from one to the other

July 9, 2018
Unprompted review
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Reply from Ferratum

Hi Alison, I'm so sorry to hear about your experience. We are investigating it further and we will be able to adjust the interest to the actual day you receive the funds. As soon as we receive any new information we will get in contact with you.

Rated 1 out of 5 stars

Terrible service

Terrible service. Bad correspondence. Told them to take a payment didn't do so, was not notified and then they added extra monies on top.

July 7, 2018
Unprompted review
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Reply from Ferratum

Hi Karen, I'm so sorry to hear about your experience. I can assure you that we do everything we can to make repaying your loan a smooth process. As well as our phone service, customers can also email, text or even contact us on Facebook if they are experiencing difficulties.

Rated 5 out of 5 stars

Great service!!

Quick& efficient service! Highly recommend

June 30, 2018
Unprompted review
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Reply from Ferratum

Thanks for your feedback J Flockhart. We're glad you've been pleased with our quick and easy service.

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Rated 5 out of 5 stars

Ferratum

Great service. Clear, precise and prompt.

June 28, 2018
Unprompted review
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Reply from Ferratum

Thanks for the great review, John!

Rated 5 out of 5 stars

Quick and easy to use

Quick and easy to use. Money transferred normally within half an hour

June 28, 2018
Unprompted review
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Reply from Ferratum

Thanks for your feedback Robert. We're glad you've been pleased with our quick and easy service.

Rated 5 out of 5 stars

Great Service

Great Service, easy transaction and helpful agents! Thanks!

June 27, 2018
Unprompted review
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Reply from Ferratum

Thanks, Danielle for your wonderful feedback. We're really pleased to hear that you've been happy with your experience with Ferratum!

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Rated 5 out of 5 stars

Straight forward lending no messing…

Straight forward lending no messing about .same day processing. Great service. Can't fault them....also as live chat option.

June 27, 2018
Unprompted review
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Reply from Ferratum

Thanks, Shaun for your great feedback. We're really pleased to hear that you've been happy with your experience with Ferratum!

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Rated 1 out of 5 stars

This company is abysmal

This company is abysmal. I had paid the money requested and they had even taken a double payment. I didn’t have any request for any more payments then didn’t hear from them for almost a year, then I get a letter come through threatening from a debt collection agency asking if I do not pay £200 odd then they will be coming to my door! My advice, avoid like the plague. I spoke to the debt collection agency asking for a breakdown of costs before I pay anything but instead I just received a letter informing me of what date they will be over.

Such a terrible way of handling things.

June 16, 2018
Unprompted review
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Reply from Ferratum

Hi Kyle, I'm so sorry to hear about your experience. I can assure you that we do everything we can to make repaying your loan a smooth process. As well as our phone service, customers can also email, text or even contact us on Facebook if they are experiencing difficulties.

Rated 1 out of 5 stars

Disgusting company

Disgusting company. No means of contact, tried contacting on several occasions and only get a reply when they pass my debt to a collections agency. Totally unacceptable.

May 7, 2018
Unprompted review
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Reply from Ferratum

I'm very sorry to hear you're not pleased with the service you have received. We have a variety of ways customers can get in touch, including text, email, facebook and calling our team or requesting a callback, so customers can get in touch with us easily.

Rated 1 out of 5 stars

Stay clear, contact is impossible

My payment couldn't be taken for some reason although i definitely gave them my right account and card details. Their website has no facilities for changing card details, tried phoning and you can never get through. when it puts you on hold your waiting 20 minutes and then your cut off. their call back service doesn't work so its impossible to get to speak to them. I felt they want you to default on your payments so they can charge you as much as they can. they've now refereed me to a collection service which i payed immediately. Be very careful, there are better lenders out there.
I now have a mark on my credit file finding it impossible to get any other loans, they have have big impact on my life and i implore anybody reading it to not take out a loan with them, there are better providers.

April 27, 2018
Unprompted review
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Reply from Ferratum

Hi Carwyn. I'm so sorry to hear about your experience. I can assure you that we do everything we can to make repaying your loan a smooth process. As well as our phone service, customers can also email, text or even contact us on Facebook if they are experiencing difficulties.

Rated 1 out of 5 stars

Very bad

Very bad, tried to pay over the phone, I had no luck I tried for at least a week, when I eventually got through to someone i had to pay a lot more than I was suppose to, stay well clear, never again

April 26, 2018
Unprompted review
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Reply from Ferratum

Hi Delwyn. I'm really sorry to hear about your experience. We understand that office hours can be restrictive for customers trying to contact us by phone, which is why we also offer customer service assistance via email, SMS and even Facebook.

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Rated 1 out of 5 stars

Not impressed

The first time I applied i was told I'd given the wrong bank detail for the loan to go in, even tho I'm 99% sure I gave the right ones? they said they recalled it and that was that, the second time I applied, here I am almost 24 hours later and no funds in my account, I triple checked the details so I know they are right.

March 28, 2018
Unprompted review
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Reply from Ferratum

Hi Sophie. Sorry to hear about your experience. It would be very unusual for a customer to have to wait 24 hours for a loan payment, with the majority of our customers receiving their loans within 2 hours. If you could contact us, I would be happy to investigate to find out what could have caused such a long delay. Please email customercare@ferratum.co.uk with the subject TRUSTPILOT or send an SMS to 07860 020302, please start your text with the word TRUSTPILOT.

Rated 5 out of 5 stars

Amazing team and service :)

I hate applying for loans, and I randomly stumbled across Ferrantum and I would go anywhere else now dealing with the lender,

The service was by far the easiest to follow and the website is just so user friendly! No constant junk mail, texts, or emails!

I paid early and only paid £1.60 interest :)

Thumbs up from me

Cheers

March 19, 2018
Unprompted review
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Reply from Ferratum

Thanks, Dylan for your wonderful feedback. We're really pleased to hear that you've been happy with your experience with Ferratum!

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