Yes Loans Advice?

missc_3

IF it goes to a CCJ its 6 years.
However i would rather mine go to a debt collecting agency and arrange a payment structure with them than to deal with Welcome
Sorry just when you feel you've been ripped off its not a good feeling - they take advantage of people when they are desperate situation - but i guess we learn from our mistakes

bradrock

the thing is they accepted the car back and then they pushed it into the car park and the council ended up scrapping it. this was 2YEARS AGO and i havent heard anything since????????????? and i also have just obtained a mortgage from northern rock so my credit rating cant of been that bad.

missc_3

so from your experience do you reckon i sit it out like i am see what happens

joeblack066

So far, Yes will only have told you that you have been accepted as a CUSTOMER, not for a loan, and the £50 is darn hard to get back off them, so beware. Read the leter again, they are crafty!!

bradrock

well missc i dont know m8, what i have said is completely true and my credit file shows nothing of this, i would go see citizans advice and see where u stand.

missc_3

YEAH think your right - glad you got sorted ok though - robbing gits were just trying it on!!!

bradrock

good luck:j

GirlRacer_2

I went through the application process with Welcome and when I received my loan agreement to sign I was paying approximately 43% APR. These people are having a laugh. Finally went with Black Horse and even though my credi isn't fabuous, they gave me an APR of 11.3%. A big difference. Welcome keep hassling me costantly with phone calls and mail. They's a right pain in the butt!

meggiemoo_d

I'm glad I found this post............I've just got off the phone with yesloans and thought it was weirdly easy to get the loan!!! Dammit!!! I'm so desperate at the mo that I'd even consider welcome finance!!! Hahahaha!!!

kt33uk

my hubby's nephew has just applied for a £3000 loan from YES loans. I have tried explaining to him that he is not guaranteed a loan and that yes loans are not a loan company but he doesn't believe me. He has already sent them his £49.50 away to them and is convinced he is going to get £3000 in his bank account soon. The thing is he does agency work - a day here, a day there so no guaranteed income. He is only 24 and so far in the last 6 months has managed to aquire a £1000 overdraft (which he has spent), 3 mobile phone contract (none of which have been paid), a catalogue (£500 unpaid so far) and god knows what else.

I will still try to explain to him not to expect too much from the application as we have been there ourselves and got nothing at the end except being £49.50 out of pocket.