Does the demise of QuickQuid sign the final end of payday advances?

Does the demise of QuickQuid sign the final end of payday advances?

Final Friday saw the collapse regarding the UK’s payday lender that is largest QuikQuid, carrying out a raft of consumer complaints and payment claims. The organization announced it absolutely was stopping great britain market “due to regulatory doubt” using the business people neglecting to achieve an understanding utilizing the Financial Ombudsman provider on problems associated with settlement. (more…)