Admin charges on unsecured loans

wendy184

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?

grumbler

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

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.

nomoneytoday

I think that the finders fee is a waste of money.
They don't do anything that you couldn't do yourself..