Don't Do It (BarclayLoan)

Name: gemrichardson

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Product:	BarclayLoan
Date:	21.02.08 (51 review reads)
Rating:

Advantages: Instant Money

Disadvantages: Huge Interest!!!

Please note : I have not released any figures in this review.

I took out a Barclay loan a few years ago now when I was in desperate need of cash - very silly thing to do but when your in a situation like that you do things like that! Anyway, when I went to speak someone in the bank about it (would just point out that I bank with Barclays anyway so that is why I took the loan out with them!).

Instead of actual good advice, they literally pushed the loan in my face telling me it was the best way to solve my problems and that I should go ahead and do it.

Feeling pressured and panicked I signed the form. Three years later I am still paying it off with a very very high interest rate!!

Although at the end of the day I am the one who signed the paper and opted for the loan, the staff come across as being helpful but looking back I realise they just wanted me to take out the loan regardless of whether it was really necessary.

Summary: Think before you sign and speak to other people first!