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We Approve

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Representative APR53.9%

Loan Amount £500 - £15,000

Website Visit Website

Broker Fee £49.95 - £58.50
Depending on the loan amount

Contact Tel: 0871 559 2905

Address:
We Approve,
2nd Floor 4 Trinity,
161 Old Christchurch Road,
Bournemouth,
BH1 1JW

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Good Stuff

Have access to loans for people with bad credit.

Bad Stuff

Charge upfront fees and falsely guarantee loans.

Verdict

Never pay an upfront fee to find a loan, use the fee tools on this website. Avoid at all costs.

[edit]Summary

We Approve are a telephone-based personal loan broker. We Approve charge an upfront fee of approximately £49.95 in exchange for finding and arranging unsecured loans up to the value of £15,000

We Approve say that they are able to help people regardless of their credit history and specialise in helping customers who may have been turned down previously.

You can apply to We Approve either online or over the phone. Online applications result in a telephone call from a We Approve representative. Following a brief application, you will be asked to pay a fee over the phone of £49.95. Once you have paid this fee they will send you some basic details of a lender that you have been matched to. You then need to apply to the lender directly as We Approve are an independent loan broker, meaning that they work for you and not the lender, increasing your chances of being accepted.

If you do not take out a loan after using We Approve, you are entitled to a refund of your broker fee. See below for how to obtain this.

[edit]How to get a refund of your broker fee

If you have used We Approve and did not receive a suitable loan you are entitled to a refund under the Consumer Credit Act 1974.

We Approve have to refund your fee, but can keep £5.

You need to write a letter stating that you want a refund. State your name, your address, the date the payment was taken and the date of the letter. You do not need to give them a reason.

For your safety, keep a copy of the original letter on file somewhere.

Post it to: We Approve Customer Service Department, We Approve, Third Floor, 24 Westover Road, Bournemouth, Dorset, BH1 1BZ.

[edit]How to complain

If you have a complaint to make against We Approve you should write to them detailing your complaint and outlining how you feel it should be resolved. State your name, your address, the date the payment was taken and the date of the letter.

Send it to: We Approve Customer Service Department, We Approve, Third Floor, 24 Westover Road, Bournemouth, Dorset, BH1 1BZ

They should issue a response to you within 8 weeks of them receiving your complaint. If you are unhappy with the response or do not hear from them after 8 weeks, forward your complaint to: The Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London, E14 9SR.

Please also add a review to this page so other people can benefit from your experience.

[edit]Lending Criteria

Criteria:

  • Employment:
    Full Time Work, Part Time Work, Temporary/Contract, Self Employed, Retired, Benefits, Education, Carer, Homemaker, Benefits - JSA
  • Residential Status:
    Homeowner, Tenant, Tenant - Private, Tenant - Housing Assoc., Tenant - Council, Living with Family, Military Accommodation, Work Accommodation, Student Accommodation
  • Defaults:
    Any number accepted
  • Time In UK:
    At Least 3 Years
  • CCJs:
    Any number Accepted
  • Loan Purpose:
    Debt Consolidation, Home Improvements, House Purchase, Car Purchase, Car (Other), Holiday, Wedding, Boat, Business, Student Loan, Christmas, Other, Home Furnishings, Pay Day Loan

Checklist:

  • Cannot be bankrupt
  • Must be 18 years of age
  • Must have an email address

[edit]Charges

Broker FeeDepending on the loan amount - £49.95 - £58.50

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