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Dealer's credit licence revoked

The Office of Fair Trading has revoked the consumer credit licence of Vale Road Cars, a dealership in Rhyl, North Wales.

The business appealed the OFT's determination to revoke its licence but the Consumer Credit Appeals Tribunal dismissed the appeal and confirmed the OFT's decision.

Nigel Cates, OFT deputy director of consumer credit, said: "It is important that consumers are protected and that licences are removed from those who are not fit to hold them. The OFT will continue to take enforcement action against businesses or individuals where necessary."

 

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