If you receive an email from loan.approved393@gmail.com you are being targetted by scammers. You can read about another email they own here. We recommend you do not engage with the email and report it as phishing / junk / scam depending on what email provider you use.
You will likely receive this email if you’ve responded to a scam loan offer. This is the email address they use to try and scam you out of £20 or £25 for a steam gift card.
The Scam Email
Address: C/O TMF Group 13th Floor, One Angel Court, London, United Kingdom, EC2R7HJ
Company Registration Number: 06065617
“To Fulfil the Financial needs of the Clients”
Fixed Sum Loan Agreement Regulated by The Consumer Credit Act-1974.
Helpline number: +4420 8638 5472
Loan Reference is: LA89129
****
Please read the details set out below carefully before signing the deal with UK CREDIT FINANCE LTD. We are pleased to inform you that your loan application for the loan of £5000 has been successfully accepted by our company. The quotations, information, and content provided in the email are not subject to change for the complete term of the loan.
Quotations: –
Loan Amount: £5000
Time Period: 60 Months
Monthly Payment: £93.33
Insurance Payment £25
NOTE1: 60 PAYMENTS at a fixed rate of 12% £93.33
This agreement is based on a loan amount of £5000.
This agreement assumes that the unsecured will start on 01/03/2024.
In all total you are paying £5600
CONTRACT AGREEMENT: –
Definitions: –
Excluded Liabilities” means Liabilities which are expressed to be and, in the opinion of the Insolvency Officer of the Borrower, do rank junior to the Subordinated Liabilities in any Insolvency of the Borrower;
Capital Resources” has the meaning given in the Financial Rules.
Capital Resources Requirement” has the meaning given in the Financial Rules.
Financial Rules” means the rules of Capital resources of the prudential sourcebook for unsecured Loan Intermediaries.
NOTE: If any charge comes in future due to any reason
We will refund that to you along with loan
Insolvency” means and includes liquidation, winding up, bankruptcy, sequestration, administration or dissolution (whichever term may apply to the Borrower) or the equivalent in any other jurisdiction to which the Borrower may be subject.
Insolvency Officer” means and includes any person duly appointed to administer and distribute assets of the Borrower in the course of the Borrower’s Insolvency;
Liabilities” means all present and future sums, liabilities and obligations payable or owing by the Borrower (whether actual or contingent, jointly or severally or otherwise however).
Loan” means the indebtedness of the Borrower to the Lender referred to as that indebtedness may be reduced from time to time by any repayment or prepayment permitted under this Agreement.
Subordinated Liabilities” mean all Liabilities to the Lender in respect of the Loan and all interest payable thereon.
About this illustration
We are required by the Financial Conduct Authority (FCA) – the independent watchdog that regulates financial services – to provide you with this agreement.
All firms selling unsecured are required to give you agreements like this one, which contain similar information presented in the same way.
Ensure that you obtain another agreement if you want to compare this unsecured with unsecured from other lenders.
Which service are we providing you with?
We recommend, having assessed your NEEDS THAT you take out this unsecured.
We are not recommending a particular unsecured for you. However, based on your answers to some questions, we are giving you information about this unsecured so that you can make your own choice.
What have you told us?
Amount of loan required £5000
Term of regulated unsecured contract 60 months. Repayment method Payments: Direct Debit Only.
Description of this unsecured?
Unsecured lender Today Loans Private Lending.
Unsecured product: Rate 12%
Restrictions on this unsecured: No restrictions apply
What will you need to pay each month?
60 payments at a fixed rate of 12% £93.33
This agreement is based on a loan amount of £5,000.
This agreement assumes that the unsecured will start on 01/03/2024.
In all total you are paying £5600
Are you comfortable with the risks? What if interest rates go up?
Your fixed rate ends on 01/03/2029. Therefore, any changes to the interest rate will not affect your payments until after this period. The monthly payments shown in this illustration could be considerably different if interest rates change. For example, after the
Fixed rate period which ends on 03/2029 then for one percentage variable rate, your monthly payment will increase.
What fees must you pay?
Fees Payable to Today Loan Private Lending: –
The fee is to cover the setting up, routine maintenance, and closing down of the unsecured account. The fee of £25 is refundable into your first month’s monthly payment and it is for funds transfer charges.
What happens if you do not want this unsecured anymore?
Early Repayment Charges.
An early repayment charge applies if you want to repay the unsecured early. The charge is calculated using a loan amount of 5,000 is based in:
3.5% of the original loan if the unsecured is repaid before 2% of the original loan if the unsecured is repaid before the date of direct debit.
Based on the original amount borrowed, cash examples of the early repayment charges that could apply.
What happens if you want to make overpayments?
These are restricted to 10% of the outstanding balance per year. You are free to make lump sum or regular overpayments to this unsecured at any time. For details of any early repayment charges that may apply please refer to Section 10. As a concession, in any one year you may repay up to 10% of the amount outstanding on your special rate product without having to pay an early repayment change. Pvt. Lending reserve
the right to change or withdraw this concession. The daily interest method will apply and the interest charged takes account of any changes in the unsecured debt from day to day. If you pay more than the amount asked for as your monthly payment it will reduce the balance on your unsecured account. This will immediately reduce the amount of interest you have to pay because interest will be charged on the reduced balance.
Additional Features
Underpayments
Providing your unsecured is not in arrears you can make underpayments equal to the amount of any previous overpayments.
The UK Unsecured Market
With around 600 lenders and 12,000 intermediaries, and lending of upwards of 290bn last year via over 7,000 different unsecured products, the UK has one of the most diverse and complete Unsecured markets. In providing our detailed response to the questions posed by the Commission in the Green paper we have drawn on the experience of both designing and implementing regulation for this market. That process involved comprehensive cost benefit analysis and consultation with all of those involved in the lending industry and consumers, and included a major program of consumer testing.
Consumer Protection
There is a major social and human dimension to unsecured TODAY. For most consumers, unsecured are the most significant financial decisions they undertake. Unsecured markets are, however, likely to continue to operate through national distribution arrangements. Accordingly, the policy emphasis should be on respecting existing national arrangements for consumer protection. Any reform would not only need to be fully informed by appropriate analysis and impact assessment, but must also be developed using full consumer testing.
Payment holidays
Providing your unsecured is no more than one month in arrears and your unsecured is at least three months old, you can request a payment holiday. Further information regarding other conditions applying to underpayments and Payment Holidays can be found in our booklet ‘Information about your unsecured’ which Pvt. Lending issue with unsecured offers.
UK Credit Finance is a registered trading name of Accomplish Digital Limited, registered in England and Wales under company number 11132550, with a registered office address of Windmill Hill Business Park, White hill Way, Swindon, England, SN5 6QR.
Accomplish Digital Limited is an appointed representative on the Financial Conduct Authority Register (837229) and licensed by the Information Commissioner’s Office (ZA504814).
Accomplish Digital Limited is an appointed representative of Mason Jones Solutions Ltd registered in England and Wales under company number 08984658 with a registered address of 20-22 Wenlock Road, London, N1 7GU. Mason Jones Solutions Ltd is authorized by the Financial Conduct Authority (725711) and licensed by the Information Commissioner’s Office (ZA246956)
Late Repayment Can Cause You Serious Money Problems.
Amount Borrowed | £5000 |
Tenure | 60 Months |
Monthly Repayment | £93.33 |
Date of Debit | 1st of each Month |
Name On Account | ***** |
BANK Name | ***** |
Sort Code | ******* |
Account Number | ****** |
Important:
If the above-mentioned details are correct and you also agree to borrow the same amount from us. Then you can deposit £25 to the company for the insurance. Once you deposit £25 for the insurance after that you will receive your loan Amount straight away into your Bank Account.
Requesting you to please find the PPI Payment link mentioned below:
PAYMENT LINK
1. Go to https://www.mobiletopup.co.uk/apple-gift-card
2. Select the apple gift card for £25
3. Click on Buy then Follow the instructions step by step
Note: When the payment has been done after that you will receive one new E-mail from mobile top-up, on that email you will receive an 15 digits of Apple Card Code like TOP-UP CODES. So, you can forward that email or you can also take the screen shot of that Code and provide us on below mentioned email Address
Thanks & Regards
Mr. Robert Jones (Loan Officer)
Uk Credit Finance
Address: C/O TMF Group 13th Floor, One Angel Court, London, United Kingdom, and EC2R7HJ
Helpline number: +4420 8638 5472.
The scam agent may try and be on the phone with you at the time of you receiving this email. Hang up and do not engage with the scammers. Report any emails from loan.approved393@gmail.com as spam / phishing / scam depending on your email provider.