QuickQuid owner on brink of collapse as payday lender complaints surge

CashEuroNet UK close to entering administration in latest blow to high-cost loans industry

The UK’s largest payday lender is at risk of entering administration, a year after its rival Wonga collapsed due to a surge in complaints.

The US owner of CashEuroNet UK, which operates the QuickQuid and On Stride brands, is considering its options after confirming plans to exit its British operations.

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from The Guardian https://ift.tt/31KVsBA