(PRWeb UK) December 2, 2010
Are you looking for a low-cost personal loan to help you out over the Christmas period? YES-secure provides an innovative way for you to obtain a Christmas loan by securing funding from real people, cutting out the high street middleman. YES-secure is a marketplace for lenders to bid on borrowers’ loan listings in an auction-like process in which the lenders willing to provide the lowest interest rates "win" the borrower's loan request, resulting in a consumer regulated marketplace bypassing the banks.
You can create a loan listing specifying why you are borrowing (for example, Christmas loan), how much you need and over what loan term. One recent borrower, Phil from Manchester aged thirty three years, used YES-secure to buy his partner a new laptop ready for Christmas.
“I was concerned that, as a Househusband, my budget wouldn’t be able to stretch far enough to cover the cost of a laptop in such a short space of time. I decided that it would be best to borrow the money and spread the costs over the term. Being a househusband means that traditional methods of borrowing aren’t really possible and whilst there are a few places that could offer me a loan, none that I found offer anything that I would consider a reasonable rate of interest. The idea of people bidding to lend isn’t anything I’d heard of before, but after reading the website everything was explained thoroughly. YES-secure handled everything really well, communications were very fast and I have since purchased my partners laptop ready for Christmas.”
The loan listing format allows you as the borrower to present information about your situation alongside your credit grade, which more traditional methods of personal loan approval rarely take into account. Lenders can then bid on your loan listing at selected interest rates allowing you to accept the loan at the average offered interest rate. Lenders can outbid each other by offering bids at lower interest rates, thus reducing the average interest rate offered.
Additionally, as a responsible social lending platform, YES-secure ensure that its members who form part of its lending and borrowing community are identity-checked and credit-verified individuals with debit card verification an imperative step in the registration process.
For borrowers looking for an extra push before the Christmas holidays, the YES-secure marketplace is a lucrative option, enabling lenders to bid on borrowers’ loan listings, resulting in a consumer regulated lending marketplace at consumer regulated interest rates.
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 440
153 East Barnet Road