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.

We wanted to take 5 minutes to stop and write a little bit about how to defeat hackers and keep them away from doing harm to customer’s details. It comes in the aftermath of the fallout of the TalkTalk failures and for us to show how keeping customers details isn’t hard at all – it’s…
We read with interest an article in the Daily Mail relating to the 2014 Apprentice winner Mark Wright and how his business Climb Online, is – if you read the article – going from strength to strength. Looking at the details though and certain questions start to look odd. Things may not be so good…
It’s been in the news again, the Competition and Markets Authority have released a report claiming that customers could save up to £70 per account by switching to another bank. Yet again however the CMA is missing a key point – customers who get charged over and over again for overdrafts won’t get accepted by…
It is really starting to worry us now that the Chancellor George Osborne is trying to emulate the failure that was Gordon Brown. Not only has the Chancellor borrowed some his failed processor’s polices but it is evident that he is starting / continuing down the gimmick road as well. Last night’s game of making…
Thursday, 08 October 2015 04:53

Self Employed or Just Signed Your Rights Away?

We note from Government figures that they claim the numbers of people claiming to be Self Employed / one man companies is rising and this means that the public have so much growing confidence in the economy that they are willing to start their own businesses. This is not a view that we share; in…
We decided to compile a list of the top 10 professions that have applied for a loan on our site in the last 12 months. Usually we don't like to give out this kind of data because it helps our competitors focus their efforts on attracting customers. On this occasion however, we are doing so…
Sometimes our eyes are drawn to a story on a website which we would normally never visit, never mind read. Well today was one of those days and what we found left us in no doubt that some sort of clinical inbreeding program is taking place by those that contribute to one of the biggest…
Thursday, 20 August 2015 06:29

Peer-to-peer being held back by the FCA

Peer-to-peer lending is expected to grow substantially within the next five years. However new lenders in the market been hampered by the FCA's ability to grant licences to new ventures. P2P finance is the future because it is very competitive and rates are often reflective of direct risks to lenders. As normal finance channels dry…
This one is a long standing joke for us, it goes back to when Martin replied to us when we pulled out of the short term lending market last year and laid some blame to him and people like him. Again we ask - will Martin now lend to subprime customers at the rates he…
Saturday, 01 August 2015 09:59

Quick Loans is for sale

We have decided to call it a day and sell our Quick Loans brand. We are taking offers for the whole company "Quick Loans Ltd" which would include this site and several other lending brands. The reason we are selling is that we no longer see the UK as a market an attractive environment that…
Tuesday, 21 July 2015 00:33

HSBC claims scalp of FCA Chief Wheatley

Cut the bank levy and lose Wheatley - those were the two conditions given to the Treasury by HSBC in return for staying in the UK. This week saw the Treasury finally cut Wheatley adrift and admit defeat. It's been no secret that the big financial organisations in the city of London have been at…
Thursday, 25 June 2015 15:50

Are Guarantor Loans Legal?

Since the effective end of Payday loans being available to subprime borrowers, Guarantor loans have shot up in popularity. In this article we question whether they are actually legal – or at least have some questionable legal grey areas. Now we are not saying they are illegal or outside the FCA’s rules – but we…
Tuesday, 05 May 2015 16:10

You've Got To Pick A Bagel Or Two

Neither a borrower nor a lender be, but I'll steal a Bagel for my tea.  Yes that's right, Stella Creasy who's vying for a seat in the next general election later this week admitted to stealing bagels from Sainsburys, the same one that says loan companies are robbing the British public of their hard earned…
Tuesday, 31 March 2015 14:24

We are not "Quick Loans Finance"

We have recently received a lot of calls asking for refunds from people thinking that we were part of a group called "Quick Loans Finance". We have no connection to this company or organisation in any way shape or form.  Unfortunately we have no knowledge of which website or what phone number they currently use.…
Friday, 23 January 2015 17:34

Thumbs up for FCA

We wanted to express our thanks to the Financial Conduct Authority today. We criticise them quite a bit on their policies but their service and courtesy are second to none when it comes to regulators. We recently wrote to them and asked for certain things under the Freedom of Information Act. Technically what we were…
Wednesday, 26 August 2015 09:49

Price Cap - Why No Judicial Review?

For over a year now this website has consistently questioned price caps on payday loans as a bad thing for consumers and a good thing for lenders. We want to break things down and ask just why if lenders have lost hundreds of millions – where is the legal challenge? We find it absolutely astonishing…
Sunday, 28 December 2014 12:30

Domain Name Loans

We are a big investors in financing domain names. This includes those wanting to purchase them and those who already own them but want to raise finance on them - similar to pawning them. We only deal in domain names that end in .uk or .co.uk. Unfortunately we don't have the experience or knowledge to…
From the 2nd of January 2015 we have decided to show customers what they could have borrowed had the FCA not got involved with price caps. We feel it is important to educate our applicants about the regulatory changes which are affecting them. We are declining so many customers who now think they have problems…
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…
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