i have been offered a loan of yes . loans and want to know has anybody else had a one of this loan company. and what are they like???
2006-11-28 05:39:32 · 10 answers · asked by bigbaps 3 in Business & Finance ➔ Credit
If my memory serves me correctly, YES Loans seem to be affiliated with Wentworth Direct Finance. These types of companies give credit to people with a less-than-perfect credit rating, and their interest rates are HIGH!
One thing you should definitely be aware of is that most of these companies (eg. Yes Loans, Surefire Finance, Wentworth Finance, etc) that CLAIM to offer finance don't actually offer the loans themselves. They just introduce you to people who do, and for that they charge an admin fee.
When you contact any of the companies listed, one of your first questions should be whether they do the loans themselves or if they refer you to another company.
2006-11-28 06:23:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My advice to you is just be very careful of these loan sharks. They may all seem nice as pie to you, but once you have had the money from them then that is where your problems start. If you miss a payment boy oh boy will you know about it. I have keep well clear from these type of loan companies. I know people from in the past who have had bad dealings with YES Loans. A friend of mine was laid off from work and could not make the one monthly payment to them, they came on him like a ton of bricks. The interest on his loan was something like 45% APR. I always go to my bank if I need to borrow money, the interest rates is 6.1% a lot of difference.
Stay well clear from YES.
2006-11-28 12:06:11 · answer #2 · answered by CT 6 · 0⤊ 0⤋
Kaie Cie is right and wrong in her answer, the companies she mentions charge fees for UNSECURED loans only. Her information is incorrect in that if you apply for a secured or car loan you are not charged an upfront fee, but if you are unwilling or unable to offer some security for the loan then a broker will charge a fee, would you expect to go to a lawyer or accountant and not pay a fee for his work????
2006-11-28 23:24:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
earlier you settle for, be sure which you be responsive to the final date of the repayment, the expenses of any extra products which includes administration value, dealing with value, returned up the hearse and enable them to scent the plant life value - there are all forms of hidden extras yet definite has been accused of consistent to assemble payments after the loan has been repaid in finished so make constructive your contract states those forms of issues.
2016-12-13 16:00:34 · answer #4 · answered by ? 4 · 0⤊ 0⤋
loan companies. are all the same..put up a nice front..wen there looking there money back..torture time
2006-11-28 05:51:03 · answer #5 · answered by rusty 3 · 0⤊ 0⤋
hi, try checking with this team, got my loans from them, am a regular customer, (blush)
goodluck
2006-11-28 07:18:38 · answer #6 · answered by Anonymous · 1⤊ 0⤋
All I know is the interest is very high if you can go somewhere else
2006-11-28 05:42:22 · answer #7 · answered by cliffhanger 4 · 0⤊ 0⤋
skip it if they come looking for you their fees are too high
2006-11-28 12:25:56 · answer #8 · answered by MICHELS2 2 · 0⤊ 0⤋
No dont
2016-04-11 08:05:54 · answer #9 · answered by Anonymous · 0⤊ 0⤋
don't do it
2006-11-28 05:46:36 · answer #10 · answered by superstar 5 · 0⤊ 0⤋