Evolution Money: Personal Loan reviews

2.40
Based on 5 reviews, last reviewed 20th Mar 2023
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Latest highest rating:

5

Best 2nd charge Digital Journey I would Recomend Evolution Money for having the best digital journey in the 2nd charge lending space. The Evolution Money app allows Pre-approved Offe... Read more Reviewed on: 14th July 2022
Matt M's avatar
Matt M

Latest lowest rating:

1

Biggest rip off out there I took a secure loan for £30,000 over 1 year ago and started paying £505 per month but they slowly increased the unrest rate each month now costing me... Read more Reviewed on: 20th March 2023
Ross's avatar
Ross

About the Personal Loan

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Evolution Money Personal Loan reviews (5)

Biggest rip off out there

1
I took a secure loan for £30,000 over 1 year ago and started paying £505 per month but they slowly increased the unrest rate each month now costing me £670 per month. After 14 months paying between £500/£670 ( roughly £7500 ) my balance is now at £30,360 due to interest + fees and charges. I can not believe how much of a scam this company is and still gets away with it avoid at all costs!! Reviewed on: 20th March 2023
Ross's avatar
Ross

Amateur in sign up procedures

2
I seemed to go through 3 levels of sign up procedure only to fail on the final hurdle over something that was clearly obvious from the beginning . Not impressed . In fact they didn’t bother to even tell me I had not been approved , I had to phone up after a week of waiting and thinking I had been approved to find out I hadn’t … Reviewed on: 7th March 2023

Best 2nd charge Digital Journey

5
I would Recomend Evolution Money for having the best digital journey in the 2nd charge lending space. The Evolution Money app allows Pre-approved Offers and incorporates Open banking and Digital ID and as a result Evolution Money now have the indsutries fastes referral and pack back to fund times. Reviewed on: 14th July 2022
Matt M's avatar
Matt M

Extortionate rates, extortionate resettlement

1
Having borrowed from Evolution Money over four years ago, I can stress in a humble manner, a personal experience: having made monthly payments, without any default, I was in a position to pay off my loan, very recently. I originally borrowed 10,000 pounds, and on asking for full 'early' settlement, I still owed 10,000 pounds, this after, well over 4 years of regular monthly payments. The figure of settlement included two months of interest on top, which was nearly 400 pounds! I have paid in full, rather than stay with these lot any longer. I suggest people are careful in their borrowing from Evolution Money. The reviews appear to be focused on customer skills, rather than monies owed. Please be careful. Reviewed on: 30th November 2021

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