Does the demise of QuickQuid sign the end of payday advances?
Final Friday saw the collapse associated with the UK’s payday lender that is largest QuikQuid, adhering to a raft of client complaints and payment claims. The business announced it had been stopping the united kingdom market “due to uncertainty that is regulatory with all the business people neglecting to achieve an understanding using the Financial Ombudsman provider on dilemmas associated with payment.
But, while customer teams could be celebrating, there are issues that less option into the sector could even make life more challenging for everyone with little to no use of credit.
QuickQuid had been a brandname owned by CashEuroNet British and its own other brands, which are additionally now in management, including payday lender Pounds to Pocket and installment loan provider On Stride. Read More
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