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Posted On December 25, 2020 In Investigation With 32 Views

Meanwhile, the amount of claims made about QuickQuid has skyrocketed during the last couple of years.

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Meanwhile, the amount of claims made about QuickQuid has skyrocketed during the last couple of years.

Based on data through the watchdog, the Financial Ombudsman provider, the sheer number of complains concerning the beleaguered payday loan provider tripled from simply over 1,500 within the last 6 months to 4,692 in the 1st 6 months of a year ago.

In total, significantly more than 10,400 reported to your FOS about QuickQuid in 2018, helping drive a 130 percent increase in complaints about payday loan providers in 2018-19 compared to the past year that is financial.

Peter Briffett, co-founder and leader of earnings streaming application Wagestream, said: ‘This is another nail in the coffin associated with the pay day loans industry and an excellent time for customers.

‘Those under monetary stress are better informed and more economically literate than they will have ever been and there has never ever been a wider variance of options to payday advances available.’

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