Final Friday saw the collapse of this UK’s biggest payday loan provider QuikQuid, adhering to a raft of client complaints and no credit check payday loans online in Hawaii settlement claims. The business announced it had been stopping the united kingdom market “due to regulatory doubt” because of the business people failing woefully to reach an understanding with all the Financial Ombudsman provider on dilemmas associated with settlement.

But, while customer teams might be celebrating, there are issues that less option within the sector could even make life more challenging for the people with little to no usage of credit.

QuickQuid had been a brandname owned by CashEuroNet British as well as its other brands, that are additionally now in management, including lender that is payday to Pocket and installment loan provider On Stride. Read More “Does the demise of QuickQuid sign the end of pay day loans?”