Yes loans license revoked

Jeff_Bridges_hair · 9 March 2012 at 4:49AM

Just reading the standard and I see Yes loans have had their license to trade as a financial company revoked.

one of the many things is charging and extortionate finders fee and also getting people higher interest loans then they enquired about

http://www.huffingtonpost.co.uk/2012/03/08/yes-loans-office-of-fair-trading-licence_n_1331200.html

I doubt they will win an appeal either

blacksta · 9 March 2012 at 7:36AM

Good news, hope they don't spring up under another name

imasmartie22_2 · 9 March 2012 at 9:23AM

should i add 1 down how many more crooks to go ?
i will add AK Finance solutions
of ; 3-4 bower terrce
tonbridge road
kent me16 8ry
have ceased trading as well
AND ANOTHER ONE BITES THE DUST

Getting_By_2 · 9 March 2012 at 2:35PM

The licence only gets revoked if they lose an appeal.

So if they are appealing they can still legally trade until the case is heard.

~Brock~ · 9 March 2012 at 3:04PM

Can't see them winning any appeal. Log Book Loans tried to appeal a similar decision last year and had it struck out.

Bearing in mind Yes had already been given a pretty clear earlier warning it can't be looking good for them in any appeal.

27col · 9 March 2012 at 8:39PM

Getting_By wrote: »

The licence only gets revoked if they lose an appeal.

So if they are appealing they can still legally trade until the case is heard.

Someone from the regulator said on the radio today, that they could still trade. Which rather seemed to contradict the headline about the revocation of the licence.

Yes loans license revoked

Comments

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free