PCF Bank finance

[Jay Andrews]

Hi all, unsurprisingly I don’t have a full £50k sat in the bank at the moment to purchase my camper of choice, so I’m looking for finance and a number of brokers keep recommending PCF Bank. However after reading some horror reviews, I would like to see if anyone on here has any first hand experience with this company? Any input welcome.
Cheers Jase

 

[Harvey]

Hi all, unsurprisingly I don’t have a full £50k sat in the bank at the moment to purchase my camper of choice, so I’m looking for finance and a number of brokers keep recommending PCF Bank. However after reading some horror reviews, I would like to see if anyone on here has any first hand experience with this company? Any input welcome.
Cheers Jase

Avoid wherever possible

 

[Jay Andrews]

Avoid wherever possible

Hi Harvey, thanks for the advise...how come?

 

[Harvey]

Hi Harvey, thanks for the advise...how come?

You in Louth jay?

 

[RayF]

Black Horse are one of the main companies for leisure finance. I had a 10 year loan my last caravan

 

[Pete C]

The brokers are probably paid to recommend that bank. We used our bank for a loan for our T6 - their interest rates were low.

Pete

 

[JonriceT6]

I’ve not had any issues what so ever with PCF bank

 

[Jay Andrews]

I’ve not had any issues what so ever with PCF bank

Thanks Jon have you made/requested a early settlement figure yet?

 

[JonriceT6]

Yes as of yesterday actually, I Just called them up. Why?

 

[Jay Andrews]

Simple answer if you’ve got a regulated loan, happy days...if not it seems many people have gotten themselves into trouble, hope your the former mate.

 

[JonriceT6]

Got themselves into trouble how? How can a loan not be regulated if it’s from an FCA authorised bank / company.

 

[Jay Andrews]

They apparently can supply unregulated finance products despite been regulated...don’t ask me how as I’m no legal eagle, but by looking at some recent reviews you can easily find some people that have been stung. Hope that doesn’t apply. If it does though, it’s simple keep the van

 

[JonriceT6]

Crazy... so do unregulated loans mean you can’t settle early?

 

[Jay Andrews]

Again, I’m no expert here, but from what I read it’s down to the discretion of the company and obviously depending on your t&c. But in unregulated you may be liable to pay the interest in full, despite settling the loan in full. Your latest settlement figure will tell you though.

 

[JonriceT6]

Argh great, I’ll look into this. Thank you

 

[Jay Andrews]

Hope it’s regulated buddy...best of luck.