We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!
Admin charges on unsecured loans
Hi, im looking for some advice. I have quite a poor credit rating and need to consolidate my debts into easier payments. I did a google search and found 'yes' loans. They have accepted my loan and the repayments dont seem too bad, but they said i will need to send a payment of 49.00 back with my signed agreement, im just worried that this company may not be reputable and wondered if anybody has heard of them or used them before?
0
Comments
-
Read carefully what you are going to sign. See, for example, been accepted but...? . And yes, AFAIK 'Yes Loans' is one of the companies that you should be very cautious with.
P.S. See also: loans . Your £49 amount looks very familiar.0 -
Have they found a loan you have been accepted for or is it their normal trick of actually saying that you have been accepted as a customer of Yes and they will now, or more accurately once you have paid your fee, try and get you accepted by a lender.All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
I think that the finders fee is a waste of money.
They don't do anything that you couldn't do yourself..0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.9K Banking & Borrowing
- 253.9K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 246K Work, Benefits & Business
- 602.1K Mortgages, Homes & Bills
- 177.8K Life & Family
- 259.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards