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Does the demise of QuickQuid sign the end of pay day loans?

Final Friday saw the collapse associated with the UK’s biggest payday loan provider QuikQuid, after a raft of consumer complaints and payment claims. The organization announced it absolutely was stopping great britain market “due to uncertainty that is regulatory using the companies failing woefully to achieve an understanding using the Financial Ombudsman Service on dilemmas concerning payment.

But, while consumer teams might be celebrating, there’s also issues that less option when you look at the sector could make life also more challenging for people with small usage of credit. Continue Reading…