Quick loans is the UK's only sub prime peer to peer payday lending service. The service is simple, private borrowers lend from private lenders and both can benefit from excellent interest rates.

Payday lending is one of the fastest growing markets in the UK. The idea is pretty basic, borrowers lend money and when they get paid from their employer, they then pay the money back to the lender. All payments are due in one installment and to streamline the process, the money is automatically debited from the borrowers debit card on a certain pre-agreed date.

What may surprise you is that the over 30's are the most regular users of payday loans, that's according to our data and the data supplied by other brokers or lenders. In fact those applicants who are between 30 and years old make up over 35% of the payday loan market.

Read more: Who Seeks Payday Loans?

At QuickLoans.co.uk we get asked a lot about which is the best way to get a quick loan, of course this always depends on certain factors such as; are you employed, do you have any assets, how much do you want to lend, how good is your credit record are amongst the most common. But most people who come to this site will fall into the same group.

Read more: Quick Cash, Which Is The Best Way?

There is to be a new clamp down on firms that offer the socalled Silver Bullet solution to debt ridden people. The companies which claim they can write up to 95% of your unsecured debts for a small set up fee could be banned under new regulation to be announced by the Business Secretary Vince Cable.

These firms work on broad outlines in existing Government rules that allow people to write off certain amounts of debt if certain conditions are met. Unfortunately hardly ever are these conditions ever met and what usually happens is that the person who is indebt pays these companies many hundreds of pounds to set up agreements that can't be enforced.

Read more: New Clamp Down On Bogus Firms