Home > Britain's Biggest rip off scam exposed!
Britain's Biggest rip off scam exposed!
Scam loan brokers falsely promise access to loans, then pocket up-front fees as the financial regulators let down Britain.
With personal loan brokerage, the idea is simple: you pay a fee of approximately £50, your broker arranges your loan and then you get the money. Unfortunately, the reality is quite different: you pay your £50, wait a few days and then realise that you've been conned.
This might sound like a small operation, but an estimated £35 million a year is paid by British consumers on these "broker fees".
Two of the UK largest loan brokers, Yes Loans and Wentworth Direct Finance, have reportedly trained their phone agents to deceive people and avoid refunds at all costs, leading to several employees quitting the companies after being too ashamed to continue working there.
Sadly, while the Office Of Fair Trading (the regulator of the personal loan industry) has issued several warnings to Yes Loans and Wentworth Direct Finance and forced them to change many of their policies, both companies continue to operate their scam at the expense of British consumers who have been let down by the regulators.
Loanpages.com, however, has had enough of this, especially since the Loanpages.com website was created to combat problems exactly like this.
As such, our demands are simple: we want Yes Loans, Wentworth Direct Finance and other up-front fee-charging brokers like them shut down! We don't want this scam to continue and we're launching our campaign against up-front fees for loans right now!
Up-front fees for loans are illegal in the rest of the world, and yet Britain still allows them. We say the time for change is now!
These scams are only able to pray on the vulnerable because good quality free tools for finding loans aren't widely known about. The comprehensive listings and search tools available on Loanpages.com, however, are both significantly better in terms of service than rip-off loan brokers and are available for free.
If you have been conned by Yes Loans, Wentworth Direct Finance, or other loan brokers, you can find details on how to get a refund here.
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