Yes Loans

A question about : Yes Loans

I have been trying to get a loan for a car but keep being turned down as I temp.

I have been accepted by Yes Loans - has anyone used them? Can you give me advice about them?

Anyone know a loan company who will lend me money even though i am temping? I am looking at Ј4000

Thanks!

Best answers:

• Lucy
  Yes Loans are not a loan company, but are brokers who charge a fee of £50 to find you a loan company who will lend you the money. Their services are not guaranteed and a lot of people have lost their money going with them as usually the companies they pass your details onto will be of no use to you.
  The first thing you must do is, to stop applying for loans, as each time you do this, lowers your credit score.
  The best advice I could give you, is stop applying for six months use this time to save up a bit of money (whatever the repayments would have been) this will put you in a better position as your credit score would have improved, and you'd be able to borrow less.
  As you are a temp you will find it very hard to borrow money on a long term basis, there aren't a lot of policies that will cover you for unemployment. Any chance of you getting a permanent job, or possibly going for a cheaper car.
  AMD
• I have applied for quite a few loans which probably doesnt help.
  I would like to get a car within a month or so, so how am I going to do this?
• what the urgency? do you need this car for your job? There are no easy options. Can your parents loan you the money, How about a secondhand car which would be a lot cheaper. As you have already mentioned you are temping, the main concern here is your long term prospects of paying the money back.
  AMD
• Hi just to add if you have already paid the £50 to Yes loans you can get this back if they don't find you a loan or you decide not to go with them. Write them a letter (go on the trading standards website and quote off there as they can get their broker licence taken off them if they keep your money). I did this and got my money back after a few weeks.
  Gemxx
• Definately stay away from YES loans.
• Oh dear.......i do wish i'd discovered mse sooner!!
  a few months back we were pretty desperate and contacted "yes" , gave us a load of rubbish on the phone , oh yes we'll be able to source you a loan blah blah.stupidly sent off a cheque for Ј50 , no loan was forthcoming.
  Hubby just phoned them to say as you havent got us a loan , i want my money back........they're being very obstructive , saying we didnt read t&c's properly , and basically we're not getting it back.
  absolutely fuming..........off to trading standards website now.
  sam.
• please stay away from yes loans, i sent my 50 pound off last year and learnt the hard way. just google them for reviews and you will see what i mean.
  good luck x
• Lucy, pm me your details
  JoeK
• I got my money back from them last year. Push it and they get scared and send it back.
• quick update......went to the trading standards website , printed some stuff off....then phoned yes.....demanded to speak to someone in authority.After much arguing eventually got to speak to a supervisor......read the stuff i had got from trading standards , and said that i was quite prepared to take it further.Anyway , the upshot was that he went and got his manager , who came on the phone and basically said we're right and you're wrong but we cant be bothered to argue with you so we'll send a cheque out!!
  Result !!!!!!!! Didnt think i was going to see that money again....and i certainly wont fall for anything like that again.!!
  sam.
• Great news - but the result will be when you actually receive the cheque and it clears! Good luck.
• YES LOANS IS A SCAM!!!!!
  Quote:
• Going back last year I very nearly had a loan off YES loans. Filled in all the appropriate forms, but when I noticed I had to pay a fee alarm bells started to ring. Have never ever had to pay a fee before. Decided to Google them and couldn't believe the bad reviews they have had (I believe another company that operate the same way is Wentworth Direct Finance so beware of them also). Glad now I didn't go along with them.
• I really wish I had looked for them on here! I paid my money last week to them, but luckily paid by cheque so hopefully will go today to see if it is too late to get the cheque stopped!
  I have had 1 company come back to say they would give me my £6k loan - woohoo. Put me through to them last night, Welcome Finance asked how much I wanted and I said "£6k", the person said, "well we can only off you £2k will that be enough?"
  My foolishness and naivety hey!
  Think I'm going to have to go and ask my parents to extend their mortgage to free up the cash we need Go through the credit card route and gain my credit rating that way
• Funnily after my loan application over the phone, the guy put me through to someone else who tried to sell me some insurance. It sounded like a good deal, but they were trying to allow me to start it up with me over the phone via my bank details (basically set up a Direct Debit... Can they do that, just with my bank details, on the phone??). They said I could cancel at any time in the next 28 days.
  I started questioning them about how it could possibly be set up over the phone, and I said if they sent me the information I would ring them up to accept after I had seen the terms and conditions. They kept trying to argue me round to accepting over the phone, and then suddenly he moaned and the line went dead.
  At first, I thought he'd messed up and lost the connection. Now I'm pretty sure he got fed up when he realised I wasn't biting, and decided it best to hang up on me.
  Heh
• i was duped by them 2 weeks ago. i faxed them in writing saying i wished to cancel, told them i was in touch with my mp and the dail mail ( i wasnt), also emailed twice. i just rang up to have another go at them and was told i was being refunded on the 20th by bacs.. so hopefully ill get my money back, the key is to harass them with letters fax's and emails, and threaten to take them to a small claims court. good luck everyone.
• Yes loan or better NO loan offered to give me 6k then took my money for their admin fee. Then got the paper work with only £2k plus they need a guarantor which is home owner duh!! If I can find one then I might as well ask them to take the loan for me. I was really upsets for losing that money to them, and I went to Google and found people discussing their rip off fee BUT they were an agent from YES who, offered your fee back if you posted and said you got refunded. I emailed him and within 15 minutes someone called me to refund me the money. Do not ask me which site it was, sorry I don't remember it was last year.