Yes Loans refund help required

MartinKelly_8

Hey guys
Ive been hit by the guys from yes loans
ive seen right away that quite a few people have been scammed and now a day later, i want my 69.50 back. any chance you could help me. i saw that yorkshire lad had some information. any chance you could help me out. sorry to use up your time
much appreciated

Martin

Cartman69

I'm the same.. any help please!? Did it a few weeks back I emailed yorkshire lad but the email was sent back to me

Dominic_Hill

A MESSAGE FOR ALL THOSE PEOPLE WHO HAVE BEEN 'MISLED' BY YES LOANS:

Do not go to solicitors or the CAB, and above all do not get bogged down in expensive and time-consuming telephone calls and correspondence.

All you need to do is make a complaint to the police (Economic Crime Unit) alleging deception by Yes Loans. I took on a so-called loans company in Bournemouth, who were also employing a variation of the 'advance fee' scam. The two directors received 18 months' imprisonment each, and I got my money back - as did all the little mice who came in at the last minute when I'd done the work. You can also object to their Consumer Credit Licence at the same time. Put these people out of business once and for all.

JustInKase20

I used to work for them. All you have to do is ring 01633 712712(their reception) and ask for Keith Chorlton (the owner) - say your from some made up financial company so he will speak to you then tell him your peice of mind.

julie1963

hi have had dealings with this wonderful company !!! we emailed them and threatened them with legal action we were lucky and and got a refund.

whitebeaver

Hi all, Thanks to Yorkshirelad and after a few strongly worded emails to various peeps at Yes! I got my refund back - less the fiver but hey ho. Tought me a lesson!

Anyone still struggling let me know and i'll be happy to offer some advice.

redqueen_2

unsecured loan broker fees are a scam. only a lender can confirm that you will get a loan at a certain APR not a broker. Your credit history, residential status, employment status, net monthly income and current level of debt outstanding are some of the main criteria that must be met before a loan offer can be made. The loan brokers all use a panel of lenders most of which are 'sub-prime' ie they offer crazy interest rates.

Often there is only one 'prime lender' on the panel and this is typically Black Horse who are only currently offering loans above £5000 to homeowners so the majority of applicant get a high rate/sub prime loan offer by the likes of FLM Loans and often needing a guarantor. The broker knows this when they have taken your basic information so it is a scam. Hundreds of thousands of applications a month at £60 a time is good business for the unscrupulous.

However, you just need to know how to complain/claim your fees back.

I'm new to the forum so i can't post links or documents but anyone who wants to contact me for a free copy of how to claim your broker fees back you are more than welcome.

Apples2

redqueen wrote: »

I'm new to the forum so i can't post links or documents but anyone who wants to contact me for a free copy of how to claim your broker fees back you are more than welcome.

I'm yet to see one of these scamming Brokers who don't have the refund procedure clearly stated in the T&C's

redqueen_2

Apples 2 you are correct, loan brokers must include their refund policy in their T&Cs otherwise they wouldn't be compliant.
However, have you ever tried to claim your loan broker fees back? It's very difficult and many brokers resist returning the fee. However, if you know exactly how to complain, in writing, then it is a swift and simple process. I wouldn't advise anyone to call their loan broker to complain - there are many loan brokers who attach a premium rate number to these inbound calls so they actually make money out of you as you are trying to get your fees back. Also some brokers have been known to leave the caller in a never-ending loop until they eventually hang up. So the broker's T&Cs ain't gonna help you in that situation.

At the end of the day the loan broker business model is based on a greater revenue from the application fees than from the 'introducer fees' paid to the broker by a lender upon completion of a successful loan. Quite simply, this means that the broker accepts that the majority of applicants will not get a loan so its a business based on taking fees from people who have bad credit/low income and are desperate.

There really is no defense for the dodgy loan brokers, I find it hard to even admire their financial success as it's based on other people's misery. Does anyone else want to tackle these loan brokers? I feel like I'm barking at the moon.

pratheepan02

Yorkshire-lad400 wrote: »

Hi Whitebeaver,

I've sent the info to your email address. Sorry it took me a while.
The trick with Yes Loans is not to give up - use the contact info I've given you and go after them. Sooner (usually) or later they will get fed up with you and refund you YOUR money.
All the best.
Yorkshire Lad.

hello mate,
can i receive info to my email address ,to get my money back