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News Tag: Yes Loans

April 5, 2012

Yes Loans to appeal against loss of Money Worries licence

by Jan Harris
Yes Loans to appeal against loss of Money Worries licence
Credit broker Yes Loans has decided to appeal against the withdrawal of a consumer credit licence from its affiliate company Money Worries Ltd. The Office of Fair Trading (OFT) stripped Yes Loans, and its affiliate companies, Money Worries Ltd and Blue Sky Personal Finance Ltd, of their licences in March, after customer complaints prompted an investigation into the ...




March 9, 2012

Payday loan company’s licence revoked

by Jan Harris
Payday loan company’s licence revoked
Credit broker Yes Loans has had its licence revoked by the Office of Fair Trading (OFT) over concern that its business practices ‘deceitful and oppressive’. Two associated businesses, Blue Sky Personal Finance and Money Worries Limited, have also been found to be unfit to hold a consumer credit licence. Following a long-term investigation, the OFT revealed that Yes Loans sold expensive payday loans to some ...