Payday loan provider QuickQuid could be the loan shark that is latest to power down following a revolution of settlement claims from victims of predatory practices.

Payday loan provider QuickQuid could be the loan shark that is latest to power down following a revolution of settlement claims from victims of predatory practices.

US-based Enova, which has QuickQuid, announced on Thursday (October 24) so it could be taking out of the UK market, citing “regulatory uncertainty”. The move will imply that among the last staying payday lenders in the united kingdom could get into administration in only a matter of times.

QuickQuid’s demise that is imminent significantly less than a 12 months after competing Wonga went payday loans online Vermont breasts after likewise being overwhelmed by settlement claims from clients have been mis-sold unaffordable loans. Continue reading