Is Back on Track Loans a Scam Broker?

Back on Track Loans is based in the UK and claims to not be as interested in fees as it is finding loans for clients who need them. It claims to work with 250 companies in the UK that can provide loans and pledges to customers that it will find the best terms on any kind of loan. Back on Track Loans focuses on speed and promises an “instant decision.” Emphasizing haste more than licensing and reliability is a red flag. 

Is Back on Track Loans a Scam or Legit Broker?

After looking carefully at Back on Track Loans, Broker Complaint Registry has noticed that the FCA or the Financial Conduct Authority has released a complaint against Back on Track Loans for falsely claiming that they are FCA registered. In the UK, it is illegal to provide a financial service without FCA regulation. 

Our experts found out the following about Back on Track Loans: 

• Warning by the FCA
• No license
• Focus on haste
• Lack of transparency
• Customer complaints

Our experts do not recommend Back on Track Loans. We encourage visitors to do research, read our broker reviews and select regulated brokers. If you have been scammed by Back on Track Loans or any other broker, contact Broker Complaint Registry right away and we can advise you on fund recovery.