Main site > MoneySavingExpert.com Forums > Essential Money > Loans > Yes loans license revoked (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Yes loans license revoked
Closed Thread
Views: 986
Thread Tools Search this Thread Display Modes
# 1
Jeff Bridges hair
Old 09-03-2012, 3:49 AM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Sep 2010
Posts: 5,932
Default Yes loans license revoked

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...n_1331200.html

I doubt they will win an appeal either
"If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna
Jeff Bridges hair is offline
Report Post
# 2
blacksta
Old 09-03-2012, 6:36 AM
Serious MoneySaving Fan
 
Join Date: Jun 2005
Location: Essex
Posts: 899
Default

Good news, hope they don't spring up under another name
I owe 3233 @ 0%
blacksta is offline
Report Post
# 3
imasmartie22
Old 09-03-2012, 8:23 AM
MoneySaving Convert
 
Join Date: Mar 2011
Posts: 68
Default

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
imasmartie22 is offline
Report Post
# 4
Getting_By
Old 09-03-2012, 1:35 PM
MoneySaving Convert
 
Join Date: Dec 2009
Posts: 20
Default

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.
Getting_By is offline
Report Post
# 5
~Brock~
Old 09-03-2012, 2:04 PM
Serious MoneySaving Fan
 
Join Date: Oct 2008
Posts: 1,520
Default

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.
~Brock~ is offline
Report Post
# 6
27col
Old 09-03-2012, 7:39 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2007
Location: Hampshire
Posts: 5,722
Default

Quote:
Originally Posted by Getting_By View Post
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.
I can afford anything that I want.
Just so long as I don't want much.
27col is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 7:28 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 22 October 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • ED SHEERANX (DELUXE EDITION)
  • ELLA HENDERSONCHAPTER ONE (DELUXE VERSION)
  • STATUS QUOAQUOSTIC (STRIPPED BARE)

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.