My Daughter applied for a loan from Yes Loans Ltd. If you check their website (www.yesloansuk.com) it advertises as loan company. She recieved a proposal agreement form offering her a loan, to me the paperwork looks like any other agreement from a finance company
She signed the agreement and paid £49.50 for an administration fee.
She then recieved a call from Welcome Finance who informed her that she had not been succesful in her application for a loan, this caused confusion as she had not applied for a loan with them, it then came to light that Yes Loans Ltd are not actually a loan company and that the £49.50 is a fee that you pay them to look for a loan for you ?
What a joke, I am now taking this matter to the Courts