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QuickQuid is the payday lender that is biggest in britain for the previous couple of years

QuickQuid is the payday lender that is biggest in britain for the previous couple of years

By Kevin PeacheyPersonal finance reporter

Borrowers whom think these people were mis-sold that loan by collapsed payday loan provider QuickQuid will have to submit an application for settlement via a portal that is online.

The business’s administrators, give Thornton, will run the system and also have guaranteed it is “quick and easy”.

The portal isn’t live, but yet is anticipated to be just like the claims service for ex-Wonga customers.

QuickQuid’s owner, US-based Enova, stated on that the united kingdom company would shut. On administrators were appointed friday.

Enova blamed “regulatory doubt” for the choice.

‘we might have placed my finances straight right straight back to be able’

Some QuickQuid customers who had currently made claims must now wait to observe how much they will certainly get in settlement.

Administrators give Thornton stated that compensation for effective claims would be “significantly smaller” than will have been the truth before QuickQuid’s collapse.