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, 27 December 2015 08:55

Another Christmas On Credit?

First of all let us start by wishing everyone a Merry Christmas and a great New Year. It’s our first day back today and we thought we would dig out our stats for the run up to the Christmas. We have read some articles in major newspapers about lending being higher this year and we…
In the week that the Federal Reserve raised interest rates by 0.25%, we will examine and show you why it makes zero sense. Why it is more about saving face than the economy and how it will backfire within 6 months. Resulting in a cutting of the rate back and even more quantitative easing. That,…
It went sort of unnoticed, but the Chancellor signalled another massive blow to the finance industry in the UK on Wednesday. Standing in for the Prime Minister at Prime Minister’s Question, he said that he now plans a new levy on the subprime borrowing sector to help pay for more illegal money lending investigators. In…
We are pleased to announce that as of January 2016 we will be at the forefront of bringing back Self Cert mortgages to the UK through our new sister site. Self Cert mortgages are important vehicles for those who are Self Employed and want to get on the property ladder. Without them, those who went…
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…
Just as we and other lenders have always predicted, the current cap on High Cost Short Term Credit is to be relaxed. It won't be abolished but will be gradually made less effective until it is eventually meaningless. It has always been rumoured that the FCA have never really favoured an industry price cap. Documents…
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…
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 (The Cost To Go Bankrupt) in order to submit a bankruptcy order. The Government are far too lenient on people…
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.…
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