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☆☆☆☆☆

“Like many people who have applied for a loan with YES...”

Written on: 23/01/2006 by razorbladekisses (1 review written)

Good Points
None, however they are quick to get their £49.50 administration fee!

Bad Points
Nowhere on their website does it say that they are brokers. Even when I was called by 'X' of YES loans there was still no mention of them being brokers.
Poor communication after the administration fee has been paid.
Very slow at answering when you call the customer care department.
Inaccurate information provided.

General Comments
Like many people who have applied for a loan with YES loans I have a bad credit history. I had been turned down in the past for loans because of this, so my only option was to apply for a loan with a company such as YES loans, who say it doesn't matter if you have a poor credit history or CCJ's.



I filled in my application online and received a call instantly from YES loans. After going through my application with 'X' I was then put on hold while my application was checked. I guess this is just something they do to make it seem like the whole process is authentic. 'X' told me I was approved. So far so good, 'Yes Loans will put a smile back in your day' a quote from their website, I was definitely smiling at this point.



I received the application form in a couple of days. It stated £6000.00 over 60 months @ 14.0%. £139.60 per month. Total £8376.57. I completed the form and returned it with my £49.50 fee. In a few days I received a reply saying that they had received my fee, and that my application form was being processed and would take 7-10 days. 10 days passed and I had heard nothing from YES loans. I gave them a call. Apparently the lenders that they had found for me had all turned me down because of my poor credit score! I already knew that other loan companies would turn me down because of that reason, and that is why I had applied for a loan with YES loans. So my original loan quote that I had received meant nothing; that loan didn't even exist. I realised then that they were brokers, and that I would never be getting a loan with YES loans. Maybe I was just extremely naive in ever applying for a loan with YES loans.

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