Yes Loans complaints
Complaints are still pouring in about Yes Loans, a company which advertises loans for people with poor credit. Yes Loans are not actually a loan company, instead they arrange loans for in the subprime market and charge the customer a fee for doing so – usually between £49 and £69. Unfortunately Yes Loans do not always make it clear that they are operating a broker service and people who have not been able to get a loan are having problems getting their fees returned. They are also being bombarded with advertising via phone, text message and post for Yes Loans and sometimes for other companies who customers believe Yes Loans may have passed the details of.
The director of Yes Loans, Keith Chorlton has recently finished a 10 year company director ban for serious misconduct, although Yes Loans was exempt from the ban.
Yes Loans have promised they will refund customers within 3o days of cancelling. Hopefully, customers will get their money back. Comsumers need to be aware that Yes Loans are simply a loan intermediary, who will charge a fee for their services. Being accepted/approved by Yes Loans – does not mean you have been approved for a loan, it merely means that they have accepted your details to pass on to their lenders.
