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.

Wednesday, 26 August 2015 08:49

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…
Thursday, 20 August 2015 05:29

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…
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…
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…
Thursday, 25 June 2015 14:50

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…
Bankruptcy in Britain is on the rise these days, far too many people see it as a quick fix to their financial woes. Only last week Quick Loans received numerous applications for loans of £500…
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.…
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…
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…
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 20:35

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 04:35

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 21:50

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 21:48

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 21:47

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 21:45

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 21:44

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…