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.