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  • FIRST POST
    • Jeff Bridges hair
    • By Jeff Bridges hair 9th Mar 12, 3:49 AM
    • 5,974Posts
    • 7,236Thanks
    Jeff Bridges hair
    Yes loans license revoked
    • #1
    • 9th Mar 12, 3:49 AM
    Yes loans license revoked 9th Mar 12 at 3:49 AM
    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
    "If you no longer go for a gap, you are no longer a racing driver" - Ayrton Senna
Page 1
    • blacksta
    • By blacksta 9th Mar 12, 6:36 AM
    • 909 Posts
    • 447 Thanks
    blacksta
    • #2
    • 9th Mar 12, 6:36 AM
    • #2
    • 9th Mar 12, 6:36 AM
    Good news, hope they don't spring up under another name
    I owe £3233 @ 0%
    • imasmartie22
    • By imasmartie22 9th Mar 12, 8:23 AM
    • 69 Posts
    • 11 Thanks
    imasmartie22
    • #3
    • 9th Mar 12, 8:23 AM
    • #3
    • 9th Mar 12, 8:23 AM
    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
    • #4
    • 9th Mar 12, 1:35 PM
    • #4
    • 9th Mar 12, 1:35 PM
    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~
    • By ~Brock~ 9th Mar 12, 2:04 PM
    • 1,559 Posts
    • 1,450 Thanks
    ~Brock~
    • #5
    • 9th Mar 12, 2:04 PM
    • #5
    • 9th Mar 12, 2:04 PM
    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
    • By 27col 9th Mar 12, 7:39 PM
    • 6,454 Posts
    • 4,212 Thanks
    27col
    • #6
    • 9th Mar 12, 7:39 PM
    • #6
    • 9th Mar 12, 7:39 PM
    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.
    Originally posted by Getting_By
    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.
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