Owner of Peachy and Uploan brands has collapsed into management, the Financial Conduct Authority (FCA).
Administrators have already been appointed but clients with outstanding loans should continuing spending as always but brand new loans will never be granted from either pany.
The administrators have previously warned clients with outstanding claims about mis-selling will receive considerably less likely pensation than their accepted claim amounts.
These are the newest in a spate of collapses that have eliminated big names like Wonga and QuickQuid through the market. Continue reading “Money on Go folds using two cash advance brands from market”