QuickQuid UK, the UK’s largest payday lender, is to close, with thousands of complaints about its lending unresolved. The firm’s US owner Enova has stated that it will leave the UK market “due to regulatory uncertainty.” It follows in the footsteps of Wonga, which closed in August 2018, and The Money Shop, which went under earlier this year. Casheuronet UK, QuickQuid’s owner, had net income of £12.3m on revenue of £83.3m in the year to November 2017.
