Company Information

Get to know Lakes Loans

Lakes Loans operated as a trading name for Shelby Finance Ltd, providing short-term unsecured loans to UK residents. The company positioned itself as a direct lender, meaning it handled the entire loan process from application to funding and repayment without involving brokers. Its mission was to offer a straightforward and transparent lending option for individuals needing to cover unexpected expenses. However, the parent company, Shelby Finance Ltd, which also operated Dot Dot Loans, faced significant financial distress and officially went into administration in late 2023, ceasing all new lending.

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Lakes Loans

Australia

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.