Company Information

Get to know Dollar UK

Dollar Financial UK Limited was a significant player in the UK's consumer credit market, specializing in payday loans, pawnbroking, cheque cashing, and short-term unsecured credit. Operating a large network of high-street stores under "The Money Shop" brand as well as several online lending websites, the company provided accessible but high-cost credit to consumers. Its history is marked by rapid growth followed by a sharp decline due to a regulatory crackdown by the Financial Conduct Authority (FCA) on the payday lending industry. The FCA's focus on affordability checks and fair treatment of customers led to the company having to pay significant redress for past irresponsible lending, which ultimately rendered the business model unviable and forced it into administration in 2019.

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Dollar UK

United Kingdom

Founded in

1999 (27 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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This company is currently Unproved.

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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.