Quick News

Our News service is sometimes tongue in cheek but the messages and accuracy are top level. We report on things long before main stream media.

Tuesday, 11 November 2014 10:17

Payday loan price cap and why it will backfire

FCA has confirmed that the Price Cap for Payday Loans is to be capped at the rate described in the original consultation. The FCA’s claim that it will save customers £150 a year is laughable…
Wednesday, 22 October 2014 21:35

How Banks Are The Winners In Payday Loan Cap

Banks, Illegal money lenders, Admin fee charging brokering sites all big winners in Payday Loan clampdown. An industry whistle blower has claimed that Banks are pressuring the Government to ban payday loans so that they…
Yesterday the news broke that "Price Comparison" sites were not showing their customers the best deals and were instead showing them the ones that paid them the best commission rates. This is something we warned…
Saturday, 18 October 2014 05:35

We told you rates were not going up!

Far be it for us to shout about our knowledge of finance, on this occasion however we are going to say "we told you so - again". Last year we said that interest rates in…
Tuesday, 14 October 2014 22:50

Have the FCA Been Conned Over Payday Lenders

Almost 2 months ago QuickLoans.co.uk surrendered our Payday Loan License, something a lot of people cheered about. Those who thought - maybe still think - that closing the Payday Loan Market is a good thing,…
It is with regret that we have been forced into charging a credit check fee (not an admin fee) for applicants of all our loans. In July, the FCA (Financial Conduct Authority) launched new guidelines…
Tuesday, 14 October 2014 22:48

Our Response to Martin Lewis

We wanted to write this piece in response to Martin's response to our own statement naming him as one of the reasons we have surrendered our Payday Loan License. I'm glad he took the time…
Due to new rules and the threat of ever increasing legislation, QuickLoans.co.uk has announced that they are surrendering their license to provide Payday Loans in the UK.   The company (Quick Loans Dot UK Ltd)…
Tuesday, 14 October 2014 22:47

Has Natwest Been Hacked?

Natwest customers have been forced into looking for an alternative sources of funding, sometimes just to get home from work. Some being forced into getting payday loans because Natwest's banking system crashed on Thursday. But…
Tuesday, 14 October 2014 22:45

Strange Reasons For A Loan

QuickLoans.co.uk decided to conduct a study of our customers and the reasons behind the need to apply for a loan our on this site. However we didn't ask those who were currently applying, because we…
Tuesday, 14 October 2014 22:44

Roll over loans to be banned

Roll over loans are to be banned in the new year according to news report. OK, here is a really really obvious objection to politicians. One of the biggest forms of lending in this country…
Tuesday, 14 October 2014 22:37

Bishops and Welfare

So the Bishops have come out and stated that the recent Welfare cuts are having a dramatic effect on the poor with some of them needing the help of food banks. That's fine, Bishops can…
Tuesday, 14 October 2014 22:34

Time running out for the TV license

Out of all the bills that land on the doorstep each month, the TV license is one of the most annoying. One of the reasons is that the TV license funds a dinosaur of an…
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