Final Friday saw the collapse associated with UK’s largest payday loan provider QuikQuid, following a raft of consumer complaints and payment claims. The business announced it was stopping the united kingdom market “due to regulatory doubt” aided by the business people neglecting to achieve an understanding aided by the Financial Ombudsman provider on issues associated with compensation.

But, while consumer teams might be celebrating, there are issues that less option when you look at the sector could even make life more challenging for people with little to no use of credit. Read more →