DO NOT borrow money from this company, they are worse than a loan shark, I would have preferred to have used a loan shark!
I was referred by a mortgage broker to clear off my credit cards so I could get a better mortgage deal when my mortgage was up for renewal, I was told they are the only lender who would give a loan when you have help to buy so I thought I didn’t really have a choice.
I borrowed £21,000 to clear my cards, they added £3,000 for costs and said the loan was 20% interest rate, I thought that wasn’t too bad, however firstly my mortgage was automatically renewed so I didn’t have to get this loan to clear my cards.
I took out the loan in November 2023, so to date that’s 2 years and 3 months, I’ve paid £15,299.59 in monthly payments, and today paid £19, 642.10 to clear and close the loan, so for borrowing £21,000 2 years and 2 months ago has ACTUALLY cost me £34,941.69, if that’s not extortionate I don’t know what is, I would have got a better deal from a bloody loan shark, biggest mistake I’ve made in my whole life time 😡
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We are Evolution Money, and we do things differently. We help UK homeowners take control of their finances with loans that are tailored, transparent and responsible.
Every loan we provide has a purpose. For some, it is about consolidating debts into one manageable repayment. For others, it is about making overdue home improvements or handling life’s unexpected challenges. No matter the reason, we focus on finding the right fit for each customer.
But we are more than a loan provider. As a B Corp-certified company, we are committed to making a wider impact. Through community initiatives and responsible lending, we aim to benefit not just the people we serve but the communities and environment around them.See more
