We recently came across postings on the All About Debt forum https://all-about-debt.co.uk/ relating to worries people had over a company called Concept Loans. The concern was that customers were being asked to make a payment to Concept Loans before their loan was made available. Colin and Di looked into this, and along with forum members, reported Concept Loans to the Financial Conduct Authority (FCA).
We are pleased to announce that the FCA have now added the company to their list of unauthorised firms.
The page can be found here – https://www.fca.org.uk/news/warnings/concept-loans
It appears our concerns were correct and it is notable the FCA have acted quickly in adding the firm to their list, with what appears to have been very little investigation required for them to reach a decision.