Property News · November 4, 2015

QuickQuid owner to write off unaffordable loans


CashEuroNet UK will provide £1.7m redress for lending customers more than they could afford to repayPayday lenders QuickQuid and Pounds to Pocket are to write off more than 2,500 loans to customers and refund almost 1,500 people who were granted loans they could not afford to repay.The lenders’ parent company, CashEuroNet UK, has agreed with the City regulator to provide redress worth £1.7m after it found customers were able to borrow amounts greater than they could afford to repay. Continue reading…

Source : theguardian.com
Read more…QuickQuid owner to write off unaffordable loans

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