Mr Superloan Loses License

July 04, 2012 /

Mr Superloan, a Sunderland-based business, can no longer trade as a home collected money lender following OFT enforcement action.

Kevin Duke, trading as Mr Superloan, was found unfit to hold a consumer credit licence by the OFT on 19 December, after he failed to fully disclose his history of criminal convictions on his licence application.

David Fisher, OFT Director of Consumer Credit, said: “We will take action to protect consumers against anyone who fails to disclose relevant information about criminal convictions on their licence applications. Mr Duke collected money by visiting people’s homes and he failed to demonstrate the integrity we require of someone in that position.”

Mr Duke appealed the OFT decision, but the First-tier Tribunal – the independent judicial body that rules on OFT appeals – refused the appeal on 29 May 2012.

“Mr Duke failed to tell the whole truth, and did so knowingly and recklessly,” the Tribunal said.

A 28-day appeal period concluded on 27 June 2012. Mr Duke is now banned from engaging in any home collected credit business and has until 31 July 2012 to wind down his business.


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