yes car loans t.v

[candi]

my son was accepted by yes loans given what he wanted the paper work arrived he signed it and payed 50 pounds administration charge he has still not recieved his loan three weeks later all we want to know is are they a proper loan company so he can go elsewhere

[sukkie]

Yes Loans are not a loan company, they are a broker and what they do is collect an administration fee and are supposed to find a company that will offer you a loan. The only company that came back to him via yes loans offered my son half of what he needed and at a ripoff interest rate so be careful! Also he was deluged with letters from other loan brokers as well, all wanted a fee to help him. This seems to be how they make their money.

You would be advised to go direct to the loan company themselves.

[gammaray]

You should never send money in advance. If you got your loan from a bank for example you would have the option for any administration fees to be added to the loan, so you don't actually have to send money anywhere. You pay slightly more but you don't make any repayments until after you have had the loan.

[Loosehead]

If he's only lost �50 he's had a result! That's nothing to what he'd lose if he got accepted. This outfit and others like them sell crap cars at vastly inflated prices, they then try and get a loan for you, that too at huge rate of interest.

The only reason that someonw would got this route is if they have a bad credit record, that being the case, the advice is, as usual, a "reverse loan". Sorry it's the only way.

[peterd]

I'm sure they featured on a Watchdog type program recently. Huge repayments on their finance & many of the sold cars were found to have quite serious faults on them. Avoid them if possible is my advice, & I know someone who worked there.

[spaced]

it still amazes me that people continue to use these con artitsts

[hpemberton]

I just rang and asked what was going on after reading your letter, they said they are a registered company they are brokers more than lenders

[richardg11]

I applied for a loan with yes loans , then I got a text to my mobile phone saying that I had to call with more details, I went through the application online and then I was put on hold, as if they were doing a credit search ? They then came back on the phone and said that I had been accepted for £2500.00 0ver 3 yrs at £97.00, and all was going well. Then the lady asked me for an upfront payment of £69.00 from my visa card. I said hold on, and put their name in google to search for information on them. I was stunned at the results, none of them good. I asked the lady on the telephone about this, and she said that it was not her company, as her company was Yes Loans . TV . She put up a strong argument in defence of her company, but I felt that this was a scam, and in fact, they are just a broker, with no powers of granting a loan. In the end I said no, and I would advise anyone else to do the same. Imagine if 1000 people gave them £69.00 a day ? Not difficult to imagine if you think about it, £69,000.00 a day, nice work if you can get it. I would advise that you walk away.