Quick News

Within three years, unsecured loans may soon be a thing of the past for the majority of Brits. Increased defaults and increasing regulation means that it is no longer profitable for lenders to lend without security. The FCA (Financial Conduct Authority) started in 2014; every single payday lender has since left the market, Sunny.co.uk being…

Predictions that up to 40% of Government-backed Bounce Back Loans will default, but it may be worse, we don't think ANY are legally enforceable. In late April 2020, Chancellor Rishi Sunak announced the launch of the Bounce Back Loan Scheme to fund businesses through the Covid-19 lockdown. The Government said that it would stand as…

Gone unseen in the current lockdown is the fact that unsecured subprime lending has almost ground to a halt. Forcing some to make difficult choices. On March 15th, Non-Bank UK subprime lenders started to withdraw from the market, by March 21st all but one had ceased lending to new customers. The single lender that remained…

An unfounded myth of lazy British workers, unwilling to pick fruit has been allowed to flourish unchallenged. It's all a lie, and the truth is out. If you are under 50, you will probably have grown up being told that British workers are lazy, not interested in doing manual labour. No other part of the…

After 6 years of killing off lenders, the Financial Conduct Authority is now in an almighty panic as lending grinds to a halt, begging them to return. Around a month ago we predicted that lending was about to come crashing to a halt, we were right. The few lenders that had been lending have since…

Short term lenders have this week warned QuickLoans.co.uk that they intend to withdraw credit facilities from the UK market if CoronaVirus spreads. The outbreak of Coronavirus is a worrying time for many. Just the fear of the epidemic seems to be having a chilling effect on the economy. Earlier today we saw a proposed credit…

Once a popular tv show "Can't pay, we'll take it away", Channel 5's Bailiffs program ran for 5 series. But then suddenly disappeared, here is why. The program initially started in 2014; the makers claimed that it would provide an insight into the life of those who either would not or could not pay their…

Want to apply for a loan and keep your privacy from Government? Forget it! The FCA now wants to track how much alcohol and food you consume each month. The useless Financial Conduct Authority are back at it again, this time they want lenders to spy on borrowers and for some as of yet unknown…

There is something wrong in WeBuyAnyCar.com displaying misleading bait prices to its potential customers. If that was us, the FCA would ban us. Today we are investigating the complaints aimed at the car buying service WeBuyAnyCar.com. Specifically, the issue that they are making offers for vehicles to get people through the doors and then reducing…

For the first time, we can reveal that complaining to the Financial Ombudsman Service of being mis-sold loans could result in being credit blacklisted. As many of you know, we are leaving the world of finance within the next two months - Quick Loans will be no more. Over the next two months, we have…