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Yes Loans Ltd
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Founded in 2000, Yes Loans Ltd grew to become one of the largest loan brokers in the United Kingdom. The company did not lend money directly but acted as an intermediary, processing loan applications and forwarding them to a panel of lenders for a fee. However, the company faced severe scrutiny from UK regulators for its business practices. In 2012, the Office of Fair Trading (OFT) revoked its credit license, citing "deceitful and oppressive" practices. The company subsequently entered administration in 2013 and ceased trading, leading to its eventual dissolution.
United Kingdom
Industry
Financial