pau

WHY IT NEVER PAYS WHICH WILL MAKE A FAST QUID AT CUSTOMERS’ COST

WHY IT NEVER PAYS WHICH WILL MAKE A FAST QUID AT CUSTOMERS’ COST

The present news that payday lender QuickQuid moved into management follows this past year’s collapse of previous industry frontrunner, Wonga. Them on for me, this brings up wider implications for financial services providers to check that their customers clearly understand the risks and are in a position to take.

Freedom to choose vs consumer security

In 2015, the Financial Conduct Authority imposed affordability checks and capped loan that is payday so as to protect susceptible clients. Since that time, the amount of claims against payday loan providers has risen, including claims that affordability checks are not completed properly.Read More