AfricaComplaints.com » Business & Finance » Complaint / review: Loan Tracer Sa - Very Bad Service | #82850

Loan Tracer Sa
Very Bad Service

I applied for a loan 2 months ago with the above company and they replied saying the application has been approved with them. Then I had to pay money up front for insurance purpose/legal and the loan certificate is valid for 1 year. I had to phone them every time for feedback or status of the loan. Then the loan was declined and I asked the consultant "now what happens now? " The consultant then said they would re-apply and then get back to me in a week's time. It's been 2 weeks now and still no feedback. Apparently the money you pay up front for legal services you don't get back if you are not successful and if you cancel the loan proceedings you get a bad credit rating, now please tell me how can that be possible? Now the thing is that they advertise that they will help no matter what even if you are "Blacklisted" but still nothing.

Date:

Company: Loan Tracer Sa

Country: South Africa   City: Cape Town

Category: Business & Finance

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