Yes Loans has licence revoked by the OFT. Pay day loan company Yes Loans has had its licence revoked by the working office of Fair Trading.

Yes Loans has licence revoked by the OFT. Pay day loan company Yes Loans has had its licence revoked by the working office of Fair Trading.

Cash advance company Yes Loans has had its licence revoked after making use of “deceitful and business that is oppressive”, the trading watchdog has stated.

Yes Loans arranged expensive loans that are short-term some customers as opposed to the items they certainly were initially asking about and misled customers into thinking it had been a loan company instead of a credit broker, any office of Fair Trading (OFT) found.

The broker, one of the primary of its type into the UK, utilized pressure that is”high product product product sales techniques to persuade customers to offer their card information on the false premise which they were required for protection checks, the watchdog said. Continue reading “Yes Loans has licence revoked by the OFT. Pay day loan company Yes Loans has had its licence revoked by the working office of Fair Trading.”