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.

Sunday, 07 December 2014 15:03

Man in Gold Hat Urges Help For The hungry

This isn’t a wind up, it is the latest from the UK’s comedy “do as I say - not as I do brigade”. You simply couldn’t make it up. This time it’s the Arch Bishop of Canterbury Justin Welby’s turn to be Chief Hypocrite. Writing in today’s Mail on Sunday he has called on the…
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 in the extreme. It won't save people anything as they simply won't get access to them now. The FCA haven't…
The stupid people of this world are trying to ban something else. We really are beginning to lose patience with the utter naivety of some of these idiotic financial wannabe supermen. They really should know better if their job is to protect the public. This time the RBS are saying that they are working to…
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 can increase their profits. They also reveal how other groups are also big winners, some including rogue unlicensed websites. As…
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 our customers back in 2011 - this isn’t news at all. Price comparison sites make more per customer than Payday…
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 the UK were not going to rise anytime soon and yesterday it looks as though we were spot on. One…
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, might just want to read what we have discovered since we left the market 2 months ago. The results will…
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 for the way that they expect lenders to run their businesses. They have also warned lenders about new rules starting…
The loans website QuickLoans.co.uk has, for the first time, included in its Radio and TV advertising campaign, a warning to customers that they should not try to find "Quick Loans" in Google.   In what may be the first case of an advertiser warning potential customers not to use Google. Quick Loans has said that…
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 to respond, it wasn't expected but he did. Although he did mention that I aimed my "Venom" at him which…
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) is citing their reasons for leaving the market as "The continuing, even increasing threats of political interference by the Government…
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 they haven't said what caused the crash, which is very suspicious and leading some to ask if Natwest has suffered…
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 felt that they would give answers that we wanted to hear in order to be approved for the loan. So…
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 is Credit Card borrowing which is erm.... all about rolling over loans until the next month. Surely they can't be…
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 have their say but it falls on businesses like ours to point out why the Bishops are completely wrong and…
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 organisation that is utterly untransparent, pedals political deceipt, overpays crownies and run by an untouchable elite who have little experience…
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