Bye Loans.co.uk

**iphonehater** · 13-11-08

Sadly I hear loans.co.uk has gone today, thoughts to the 277 staff.

**LoanMachine** · 13-11-08

Blimey. The first "big one" to go. Can't say I am suprised.

Amazing how the secured loan market has changed.

Chris

Payday Loans | Quick Loans | Today Loans

**smingle** · 13-11-08

Loans.co.uk to close with the loss of 276 Watford jobs (From Watford Observer)

Yep ! sign of the times, and awful news for the industry !

**123debtsolutions** · 13-11-08

Another one bites the dust....

Affiliates have a lot to be happy about though.. DM is booming better than ever and AMS or 123 are the very best places to provide your leads...

Unsecured loans are still producing good results and new markets that are starting to really come good again are Personal Injury and PPI..

Diversification is the key people. Lose one market and it gives us new opportunity

**RobOxeva** · 13-11-08

Lee,

Didn't loans.co.uk depend on AMS leads? lol

Rob

**Azam.net** · 13-11-08

That is big news. They had a powerful affiliate program.

Worrying times indeed.

**Michael_Anthony** · 14-11-08

This doesn't come as a surprise.

I think that the people who originally sold the business to MBNA/Bank of America couldn't have timed their exit better. Likewise Ocean Finance, who did a similar deal at almost the same time. We are always delighted to see the founders of a business we have helped walk away with their pockets bulging and moving on to bluer skies elsewhere.

Most of the other really gifted people from these businesses have walked away the minute that their "earn out" contracts allowed, and are now building new ventures based on the same hunger and drive that built their original businesses.

What's even better is that we still know most of them, so wherever they end up, they can be sure that we are ready to help with their online marketing needs