We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Admin charges on unsecured loans

Options
wendy184
wendy184 Posts: 2 Newbie
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?

Comments

  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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.
  • Astaroth
    Astaroth Posts: 5,444 Forumite
    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 2
  • nomoneytoday
    nomoneytoday Posts: 4,871 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I think that the finders fee is a waste of money.
    They don't do anything that you couldn't do yourself..
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.