loan broker

shabbina

My husband has a bad credit rating and we've been trying to get a consolidation loan for ages. We've found a company that says he been accepted to recieve a loan. Thy're called Yes loans. We called them up for more details and theysaythey are a broker and the final decision lies with the lender. They've also asked for an admin fee of £49.50 and then they will forward the details to the actual lender who will give us the loan or not. What do you think the chances are of getting the loan?

daisy_doughnut

DO NOT DO IT

my friend did this an all she got was a name of a lender who refused her then they sent another an so on
after trying an trying she asked for her money back an in there small print it stipulates u cant

if u call them they use words that make u believe u WILL get a loan or a credit card but its all a con as they send u contacts that you have probaly allready tried

have a look arround the site an try to find an alternitive i know its hard ive been the the same situation still kind of am

but you can do what they do for free

shabbina

Thanks DD. I was just about to post the payment when I thought I would first ask for advice on this. I've now destroyed the application.

daisy_doughnut

my friend did this just before xmas and sent a payment of 50 pounds
it set her back drasticaly over xmas
im so glad you didnt post it but for some of those that may have been in this situation i found this

http://www.tradingstandards.gov.uk/cgi-bin/bglitem.cgi?file=badv603-1111.txt

you cant argue an try to reclaim the money after 6 months ish

good luck to any one that tries

Gemmadm

DON'T DO IT.
I did and didn't get anywhere with them. I did get my money back though as they aren't allowed to charge you more than £5. Check out trading standards.
Gemxx