Likely Loans are a payday loan operation – part of Oakbrook Finance Ltd.

They typically charge 59.99% APR and to get people who will pay that they target those with poor credit ratings unable to get cheaper loans.

Internet reviews of Likely Loans seem split between those who love the quick access to funds e.g.

“Excellent service. Money within 24hrs and payments taken on regular dates”

and those who think the company are scammers and liars e.g.

“CON AVOID. WORST LOAN COMPANY EVER. RUINED MY CREDIT SCORE EVEN AFTER BEING A LOYAL PAY EXTRA CUSTOMER. HISTORY MEANS NOTHING ..AVOID”

Trustpilot shows 78% excellent reviews so they are pleasing some people.

Manoj Kumar Badale Is the longest serving director of Oakwood and is listed on 76 companies at Companies House – either active or dissolved companies. That’s quite a record and would worry some people.

Pay day loans may be a necessary evil for some people, but are better avoided if at all possible.

If you have any experiences with these scams do let me know, by email.