We took out a loan with YouLend last year. Unfortunately, with economic conditions as they are, and despite downsizing
and using our savings to pay wages, we were unable to continue trading and sadly entered into insolvency in
December 2024.
We were a family business in the truest sense of the word. My wife and I started the business 8 years ago and our son
has worked for us for the last five years. At our peak we had 12 staff.
This story is not unique, and many businesses have been affected negatively by the current economic climate.
Despite having several creditors, it is only YouLend who don't understand we have lost everything, our business, our livelihood, and our savings.
To them we are just a number in a spreadsheet.
There is very little information out there about YouLend and their practices, so we have decided to share our story. If we knew then
what we know now, we would never have taken out a loan with YouLend.
This saga is evolving and is being updated nearly daily. We hope our story helps others.
How it started
