Main site > 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

  • 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: 1,003
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: 5,944
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

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
Old 09-03-2012, 6:36 AM
Serious MoneySaving Fan
Join Date: Jun 2005
Location: Essex
Posts: 899

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

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

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
Old 09-03-2012, 2:04 PM
Serious MoneySaving Fan
Join Date: Oct 2008
Posts: 1,523

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
Old 09-03-2012, 7:39 PM
Fantastically Fervent MoneySaving Super Fan
Join Date: Nov 2007
Location: Hampshire
Posts: 5,823

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


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 - - Archive - Privacy Statement - Top

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

All times are GMT. The time now is 12:43 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 17 December 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

  • Mark's is trying for a slice of an existing pie based on his sales skill. That has single point of failure & isnt scalable #bbcapprentice
  • If I had to put £250k into one of these business plans, there'd only be one winner (based on broadcast info)... Bianca #bbcapprentice
  • I feel for Bianca, but I think she maybe forgot she's on a gameshow that lives off what producers call "jeopardy" #bbcapprentice

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.

MSE's Twitter Feed