Discover Yahoo! With Your Friends

Explore news, videos, and much more based on what your friends are reading and watching. Publish your own activity and retain full control.

To get started, first

YOUR FRIENDS' ACTIVITY

    Getting a Personal Loan on YES-secure

    PRWeb – 

    YES-secure, a social networking lending and borrowing marketplace, facilitates quick and affordable solutions for the entire gamut of financing requirements in the unsecured personal loans space.

    London, UK (PRWeb UK) October 8, 2010

    Are you looking for a low-cost personal loan to tide you over a difficult financial situation? YES-secure, launched in the UK in June 2010, have introduced an innovative way to get a loan for borrowers by securing funding from real people. Like eBay, YES-secure acts as a marketplace for lenders to bid on the borrowers’ loan listings, resulting in a consumer regulated marketplace.

    Borrowers can create a loan request on YES-secure specifying the amount, duration and preferred rate of interest for the loan after the registration process. They receive a grading varying from A* to E based on their credit score retrieved from Callcredit. The loan listing can last up to seven days and multiple investors place bids on it at the interest rates they choose. The borrower is then offered the loan at an average interest rate.

    Once the loan is completely funded, lenders can make bids at lower interest rate to outbid those at higher interest rate, which goes to reduce the offered interest rate for the borrower. Friends and family can be added to the borrowers’ YES-secure connections and bid on their loan listing up to 10% of their loan request at the rate they choose, lowering the interest rate further. And once the loan is partly funded thus, it might accelerate others lenders’ contribution to it.

    So how do you create a successful loan listing to ensure you are offered the lowest interest by lenders bidding on your loan listing?

    How to create a successful loan listing


    • Take time to apply for the loan in detail: Give an adequate description of why you require this loan. Provide details of why you are a safe bet for lending money by establishing that you have the capacity to repay the loan. Use a spell check on the information you have entered to avoid any easy mistakes.

    • Ensure that you include correct information: Always provide authentic information on income or expenditure in your loan listing as otherwise it will not be approved at the underwriting stage.

    • Give relevant details of existing loans or credit cards: Clearly list the loaning agency, the applicable APR, capital outstanding and the term of the loan(s). Also mention which of these you will use the loan to pay off if your aim is debt consolidation.

    • Ensure that debt repayment details correlate with 'What is the current state of your finances': lenders might be put off by a listing which states 'No other debts' and then goes on to show debt repayment in the 'Total Expenses' details as it indicates that you are not displaying all information regarding your current finances.

    • Ensure that you answer all questions raised by lenders: Interact responsibly by promptly providing authentic information in answer to the various queries raised by the lenders individually as well as on the Discussion Forum.

    • Utilise your Connections: YES-secure tap the borrowers’ community strength by evaluating them through stability and Reliability Score (reputable and responsible connections, connections with good credit scores) along with their credit grades. So, add connections, visit the blog section for advice, ask lenders queries on the discussion forum etc. If there is meaningful interaction between borrowers and lenders it builds on the 'Community' aspect and perhaps builds a little more trust which will all help when it comes to making offers on the listings.

    More information regarding YES-secure can be found at www.yes-secure.com.

    For more information, please contact

    Ms. Mala Chauhan


    mala(dot)chauhan(at)yes-secure(dot)com


    marketing(at)yes-secure(dot)com


    0871 221 9410 extension 5440


    YES-secure.com Limited


    Checknet House


    153 East Barnet Road


    Barnet


    EN4 8QZ


    UK


    www.yes-secure.com

    *Please note: Calls to 0871 numbers cost 10 pence per minute from a BT landline. Call charges from other networks may vary.

    ###

    Mala Chauhan
    YES-secure.com Limited
    0871 221 9410 ex 544
    Email Information


     

    There are no comments yet

    [ [ [['Connery is an experienced stuntman', 2]], 'http://yhoo.it/KeQd0p', '[Slideshow: See photos taken on the way down]', ' ', '630', ' ', ' ', ], [ [['Connery is an experienced stuntman', 7]], ' http://yhoo.it/KpUoHO', '[Slideshow: Death-defying daredevils]', ' ', '630', ' ', ' ', ], [ [['know that we have confidence in', 3]], 'http://yhoo.it/LqYjAX ', '[Related: The Secret Service guide to Cartagena]', ' ', '630', ' ', ' ', ], [ [['We picked up this other dog and', 5]], 'http://yhoo.it/JUSxvi', '[Related: 8 common dog fears, how to calm them]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 5]], 'http://bit.ly/JnoJYN', '[Related: Did WH share raid details with filmmakers?]', ' ', '630', ' ', ' ', ], [ [['accused of running a fake hepatitis B', 3]], 'http://bit.ly/KoKiqJ', '[Factbox: AQAP, al-Qaeda in Yemen]', ' ', '630', ' ', ' ', ], [ [['have my contacts on or glasses', 3]], 'http://abcn.ws/KTE5AZ', '[Related: Should the murder charge be dropped?]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 5]], 'http://yhoo.it/JD7nlD', '[Related: Bristol Palin reality show debuts June 19]', ' ', '630', ' ', ' ', ], [ [['have made this nation great as Sarah Palin', 1]], 'http://bit.ly/JRPFRO', '[Related: McCain adviser who vetted Palin weighs in on VP race]', ' ', '630', ' ', ' ', ], [ [['A JetBlue flight from New York to Las Vegas', 3]], 'http://yhoo.it/GV9zpj', '[Related: View photos of the JetBlue plane in Amarillo]', ' ', '630', ' ', ' ', ], [ [['the 28-year-old neighborhood watchman who shot and killed', 15]], 'http://news.yahoo.com/photos/white-house-stays-out-of-teen-s-killing-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120411/martinzimmermen.jpg', '630', ' ', 'AP', ], [ [['Titanic', 7]], 'http://news.yahoo.com/titanic-anniversary/', ' ', 'http://l.yimg.com/a/p/us/news/editorial/b/4e/b4e5ad9f00b5dfeeec2226d53e173569.jpeg', '550', ' ', ' ', ], [ [['He was in shock and still strapped to his seat', 6]], 'http://news.yahoo.com/photos/navy-jet-crashes-in-virginia-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/cv/ip/ap/default/120406/jet_ap.jpg', '630', ' ', 'AP', ], [ [['xxxxxxxxxxxx', 11]], 'http://news.yahoo.com/photos/russian-grannies-win-bid-to-sing-at-eurovision-1331223625-slideshow/', 'Click image to see more photos', 'http://l.yimg.com/a/p/us/news/editorial/1/56/156d92f2760dcd3e75bcd649a8b85fcf.jpeg', '500', ' ', 'AP', ] ]
    [ [ [['did not go as far his colleague', 8]], '29438204', '0' ], [ [[' the 28-year-old neighborhood watchman who shot and killed', 4]], '28924649', '0' ], [ [['because I know God protects me', 14], ['Brian Snow was at a nearby credit union', 5]], '28811216', '0' ], [ [['The state news agency RIA-Novosti quoted Rosaviatsiya', 6]], '28805461', '0' ], [ [['measure all but certain to fail in the face of bipartisan', 4]], '28771014', '0' ], [ [['matter what you do in this case', 5]], '28759848', '0' ], [ [['presume laws are constitutional', 7]], '28747556', '0' ], [ [['has destroyed 15 to 25 houses', 7]], '28744868', '0' ], [ [['short answer is yes', 7]], '28746030', '0' ], [ [['opportunity to tell the real story', 7]], '28731764', '0' ], [ [['entirely respectable way to put off the searing constitutional controversy', 7]], '28723797', '0' ], [ [['point of my campaign is that big ideas matter', 9]], '28712293', '0' ], [ [['As the standoff dragged into a second day', 7]], '28687424', '0' ], [ [['French police stepped up the search', 17]], '28667224', '0' ], [ [['Seeking to elevate his candidacy back to a general', 8]], '28660934', '0' ], [ [['The tragic story of Trayvon Martin', 4]], '28647343', '0' ], [ [['Karzai will get a chance soon to express', 8]], '28630306', '0' ], [ [['powerful storms stretching', 8]], '28493546', '0' ], [ [['basic norm that death is private', 6]], '28413590', '0' ], [ [['songwriter also saw a surge in sales for her debut album', 6]], '28413590', '1', 'Watch music videos from Whitney Houston ', 'on Yahoo! Music', 'http://music.yahoo.com' ], [ [['keyword', 99999999999999999999999]], 'videoID', '1', 'overwrite-pre-description', 'overwrite-link-string', 'overwrite-link-url' ] ]

    News For You

    Loading...