The collapse of QuickQuid – is it all over for payday loan providers? For people customers unsure or affected where you can turn next, assistance can be obtained.

The collapse of QuickQuid – is it all over for payday loan providers? For people customers unsure or affected where you can turn next, assistance can be obtained.

Cash advance organizations have actually struck the news headlines once again this week after the statement that QuickQuid, the UK’s former leading payday lender, has entered management.

Enova, QuickQuid’s owner, blamed regulatory doubt on its choice to stop trading. But, it really is commonly stated that QuickQuid had been dealing with big volumes of complaints, in addition to 24 Financial Ombudsman rulings in preference of customers that has complained which they was in fact loans that are mis-sold.