We Approve

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2 Reviews

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.

Summary
How to get a refund
How to complain
Lending Criteria
Broker Charges
Similar Loans

[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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Customer Reviews

Average Customer Review: (2 customer reviews)

We Approve has an average rating of 1.0 out of 5 based on 2 customer reviews.

SCAM!!!

By Jason, Chester

Adam @ We approve is the person i spoke to. Firstly be aware of this company they sent me a text and the text read as " Hi Zara Rouhan I can accept you for a loan with no credit checks call me now on 08000728982 same day pay out possible". i called the number i got through to Adam he said we will do the basic check and he asked me few question asked me for long number of my card. i asked him why does he need that he said well to verify if you have a valid UK bank account, i said why long number why not sort code or account number he said we can only verify with card number and to not give him the security number at the back, and later came back saying that he has good news for me and they have approved my 10k loan application and i will receive a letter next day which i received three days later and i had to make several calls to get a one single paper asking me to contact Post office loans. the letter clearly reads that We Approve don't have a working relationship with the lender and they haven't passed them my information. What is the broker fee for? just giving me a name of a Lender. Ridiculous!! i called back luckily i got through to Adam and i told him its ridiculous how they can take money for recommending name of a lender and on what basis did they assure me that my application was accepted. Adam said that we have direct access to Lenders criteria list. All he asked me for is my Loan amount, my current and previous address, purpose of the loan, whether i have any CCjs, bankrutpcy and mispayment, and i dont have any of those. such generic questions. based on that he assured me that the i will have to fill in a simple application with lender and the money will be pay out and kept saying u will definitely get the loan 100%. nothing happened and i am asked to send a written request for a refund..Total SCAM!!!!

Price

Speed

Simplicity

john, south wales iv been scammed too. they took 76.77 from my account. whats most baffling is how they obtained my details because iv never heard from them before. im assuming that a different party gave them my details when i applied for a loan. anywaw iv left it in the hands of halifax fraud department and am now hoping they sort it out

2011-02-11 02:09:16

Just another scam

By Guest, Bournemouth

This company clearly gauranteed a loan for £5500 over the phone and stated that paperwork would be with me in 2 days. this was all re confirmed before payment was made. 4 days later a piece of paper arrived advising me to contact another company for a loan of £3000 I called we approve back and they denied this and claimed something totally different. I also requested my payment back they stated that i need to write in, i offered to send by fax/email straight away they claimed not to have a fax. An email was not acceptable as it is not in writing. Yet another scam company i feel.

Price

Speed

Simplicity

We Approve

Good Stuff

Bad Stuff

Verdict

Contents

[edit]Summary

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

[edit]How to complain

[edit]Lending Criteria

Criteria:

Checklist:

[edit]Charges

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