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On 24 February 2022 Oakam Ltd (trading as Oakam and Loal) was placed into administration. Andrew Tate and James Hopkirk of Kreston Reeves LLP were appointed as Joint Administrators.
Oakam Ltd is a high-cost lender. It loaned money to customers for between 6 to 36 months. All existing loan agreements remain in place, although the firm is no longer able to issue new loans.
The joint administrators will provide updates to customers as soon as possible.
If you have any questions in the meantime about your loan visit www.Oakam.com or contact Oakam Ltd customer support team on 0203 917 3727 or by email at hello@loal.app.
We are in close contact with the firm and the Administrators regarding the fair treatment of customers.
Customers who are struggling financially can get free and impartial guidance from MoneyHelper.
https://www.fca.org.uk/news/news-sto...administration
