You do not need to use a Claims Management Company. You can make the claim directly to the lender and if they reject your complaint you can take it to the Financial Ombudsman Service free of charge, but you must do this within 6 months of the lenders Final Decision Letter.

George Banco

George Banco is a trading name of Everyday Lending Limited. It offers Personal Loans (no guarantor) and Guarantor Loans.

The Personal Loans charge an interest rate of 49.1% fixed and that is an APR of 61.8%. 

The guarantor loan charges an interest rate of 41.4% fixed which gives and APR of 49.7%.

In order to get a quote you need to provide them with a lot of personal information and you have to agree to not only its Terms and Conditions, Privacy Policy, agree to them sharing your information with credit agencies and “other companies” (that seems pretty wide to me), but you also have to agree to them selling you as a lead to other loan companies. That is really not good.

So just to be clear, in order to get a quote you need to agree to them selling your details to other loan companies….

On Trust Pilot George Banco has a trust score of 4.8. 90% of reviewers gave them an Excellent and only 2% gave them a Bad, so they must be doing a lot right.

However, the Bad comments are really bad with customers complaining about being bullied and treated poorly. I did think it was unfair of reviewers to give a bad because the money from the loan did not arrive in their bank account quickly enough.

George Banco is very open about the rate charged, which is good.

We have found the when we make George Banco complaints they are very quick to reject and we have to take the cases to the FOS