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Exactly about payday advances business Yes Loans has permit revoked

Exactly about payday advances business Yes Loans has permit revoked

A sub-prime credit broker accused of «deceitful and oppressive company techniques» has had its licence revoked by the trading watchdog.

Yes Loans arranged expensive payday advances for a few customers as opposed to the items they certainly were initially asking about and misled other people into thinking it absolutely was a loan company as opposed to a credit broker, any office of Fair Trading (OFT) found.