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Andyorch

Biggest payday lender QuickQuid on brink of collapse

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https://www.consumeractiongroup.co.uk/topic/418825-quickquid-on-the-brink/

 

 

Britain's biggest-remaining payday lender is on the verge of collapse, accelerating the demise of consumer finance providers in the wake of a regulatory crackdown.

Sky News has learnt that CashEuroNet UK, which trades under the QuickQuid brand, could be placed into administration within a matter of days.

 

If confirmed, the move would come little more than a year after Wonga - at the time the UK's biggest short-term lender - was plunged into insolvency amid a deluge of customer compensation claims.

 

https://news.sky.com/story/biggest-payday-lender-quickquid-on-brink-of-collapse-11843783


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