Quick News

From the 2nd of January 2015 we have decided to show customers what they could have borrowed had the FCA not got involved with price caps. We feel it is important to educate our applicants about the regulatory changes which are affecting them. We are declining so many customers who now think they have problems…

This isn’t a wind up, it is the latest from the UK’s comedy “do as I say - not as I do brigade”. You simply couldn’t make it up. This time it’s the Arch Bishop of Canterbury Justin Welby’s turn to be Chief Hypocrite. Writing in today’s Mail on Sunday he has called on the…

FCA has confirmed that the Price Cap for Payday Loans is to be capped at the rate described in the original consultation. The FCA’s claim that it will save customers £150 a year is laughable in the extreme. It won't save people anything as they simply won't get access to them now. The FCA haven't…

The stupid people of this world are trying to ban something else. We really are beginning to lose patience with the utter naivety of some of these idiotic financial wannabe supermen. They really should know better if their job is to protect the public. This time the RBS are saying that they are working to…

Banks, Illegal money lenders, Admin fee charging brokering sites all big winners in Payday Loan clampdown. An industry whistle blower has claimed that Banks are pressuring the Government to ban payday loans so that they can increase their profits. They also reveal how other groups are also big winners, some including rogue unlicensed websites. As…

Yesterday the news broke that "Price Comparison" sites were not showing their customers the best deals and were instead showing them the ones that paid them the best commission rates. This is something we warned our customers back in 2011 - this isn’t news at all. Price comparison sites make more per customer than Payday…

Far be it for us to shout about our knowledge of finance, on this occasion however we are going to say "we told you so - again". Last year we said that interest rates in the UK were not going to rise anytime soon and yesterday it looks as though we were spot on. One…

Almost 2 months ago QuickLoans.co.uk surrendered our Payday Loan License, something a lot of people cheered about. Those who thought - maybe still think - that closing the Payday Loan Market is a good thing, might just want to read what we have discovered since we left the market 2 months ago. The results will…

We wanted to write this piece in response to Martin's response to our own statement naming him as one of the reasons we have surrendered our Payday Loan License. I'm glad he took the time to respond, it wasn't expected but he did. Although he did mention that I aimed my "Venom" at him which…

Due to new rules and the threat of ever increasing legislation, QuickLoans.co.uk has announced that they are surrendering their license to provide Payday Loans in the UK. The company (Quick Loans Dot UK Ltd) is citing their reasons for leaving the market as "The continuing, even increasing threats of political interference by the Government indicate…