As a formal loan, it can also be reported to the credit bureau to potentially improve a borrower's credit rating as YES-secure meticulously convey the repayment efficiency of a borrower to their credit rating agency.
(Vocus/PRWEB) 18 April 2011
What do YES-secure offer consumers who would like to take a go at social lending for an unsecured loan? There are several counters on which they can provide their borrowing members a good deal. YES-secure facilitate loans at fixed and affordable rates for borrowers who may not be eligible for loans from traditional lending institutions including banks.
YES-secure facilitate a user-friendly, receptive marketplace which offers borrowers more options in a very short time from the comfort of their homes. Registration with YES-secure is quick, free and online. Once registered, the borrower can easily post a loan request on the website. YES-secure encourage borrowers from all credit grades (A* to E) to register their loan requests and, in fact, actively facilitate lending to sub-prime grades. Borrowers can post a loan request ranging from £1000 to £25000 for 1-5 years duration. The loan categories for a potential YES-secure loan include education, health, debt consolidation, vehicle purchase, business expansion, house renovation and holiday loan.
YES-secure is also an appropriate platform for facilitating loans from the borrower's friends and family among others. It’s meaningful to finance one's loan, whether in part or full, from one's social network as it saves one from paying excessive interest rates and benefits them too in the process. What is reassuring to a borrower’s social network is the fact that documented loans have a better likelihood of being repaid because a third party is involved.
Moreover, as a formal loan, it can also be reported to the credit bureau to potentially improve a borrower's credit rating as YES-secure meticulously convey the repayment efficiency of a borrower to their credit rating agency.
YES-secure is a social lending and borrowing marketplace which would like to actively promote its social networking quotient to enhance the member interaction for a more reliable financial transacting activity. Actual experience has indicated that borrowers who connect well with other members and are willing to provide exhaustive and authentic information through their loan listing as well as answering the lenders’ queries about the ‘whys’ and ‘hows’ of their loan requirement and repayment capacity get funded much more quickly than others. And this does not necessarily involve revealing any personal information.
YES-secure have recently capped the maximum lending rates for its individual markets to provide competitive rates to the borrowers. The borrowers are charged a fixed rate of interest on the loan and the monthly repayments are automatically deducted, creating a disciplined schedule.
YES-secure would like to actively promote social lending as a successful alternative in the UK consumer loans space, and a marketplace which offers an affordable solution for every financial requirement of customers from across the community.
More information regarding YES-secure can be found at http://www.yes-secure.com.
For more information, please contact
Ms. Mala Chauhan
0871 221 9410 extension 5440
153 East Barnet Road
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