Finance Questions

Posts Tagged ‘ocean finance scam’

Question: Can Ocean Finance truly consolidate all of my small loans into one single monthly repayment?

Answer: Ocean Finance are one of the UK's leading finance brokers. They have been established for over 20 years and are reputable. As for one of the previous posts, obviously paying your debts without having to borrow is always the best option, however if this was a viable option then maybe it would have been looked at first????

Ocean Finance deal with what are called 'Secured' Loans, ie you secure the loan against your home. This is not as scary as it may seem, it is technically a second mortgage on your home. The best thing about secured loans is that if you can clear it early, you are only charged 1 month's interest as a penalty (this is the law) which is much lower than you may expect if you re mortgaged for example.

As Ocean Finance are well known, there are lots of scammers out there. Make sure you only deal with the real company. As with most real companies, they will not operate from a hotmail, yahoo or gmail email address, and they will not have a phone number that looks like a mobile (ie starting 07xxx). See their website at www.oceanfinance.co.uk to make sure you are dealing with the real deal.

Ocean Finance