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QuickQuid administration is paying 53.5p in the £

Payments – UPDATE – 25 April 2022

Administrators have started sending emails to everyone with an upheld claim telling them what they will be paid.

“The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £”

The average claim value is c £1,700. Someone with that claim value will get a payout of about £910.

The payout details are given in the email:

  • This will be paid over the next two weeks.
  • If the administrators couldn’t validate your banking details, it will be sent by cheque. I don’t know how the administrators will “validate” your details.
  • If you used a claims company, the money will be paid to them.
  • Most people are not having any deduction for tax paid to HMRC, so there is no need to reclaim anything.

Credit records

The administrators may decide to :
– remove any negative marks on your credit record
– delete all loans that were upheld
– delete all your loans.

I don’t know what they have chosen to do – if people can check and report in the comments when they see a change, that would be great.

How much your credit score will change will depend on whether there were any negative marks. If you want to get a mortgage, you would like as many payday loans gone as possible, even if they were repaid on time and not hurting your credit score.

In a few months when the administrators no longer talk to the CRAs you can ask for any remaining loans to be “suppressed” so other lenders can’t see them. See https://debtcamel.co.uk/correct-credit-records-lender-administration/ but it is too soon to do that now.

CashEuroNet administrators to pay 53.5p in the £ to QuickQuid and OnStride customers mis-sold unaffordablepayday loans


QuickQuid went into administration in October 2019

CashEuroNet (CEU), which owns the QuickQuid, Pounds To Pocket and On Stride brands, stopped giving loans and went into administration on 25 October 2019.

I will be talking about QuickQuid (QQ) rather than CashEuroNet as it is the more familiar name. Everything here also applies to loans from Cashruronet’s other brands, Pounds To Pocket and On Stride.

Grant Thornton were appointed as Administrators. They set up a page about Redress Complaints – this is their term for people who have asked for a refund because they were given unaffordable loans.

Background to the QuickQuid Administration

QuickQuid was one of the “Big Three” payday lenders in Britain, starting out in 2007.

After Wonga and the Money Shop Group had all stopped lending and gone bust over the last fifteen months, QuickQuid was left as the largest UK payday lender.

QuickQuid had well over a million customers. When it went into administration there were c. 500,000 customers with outstanding loans.

Many of these customers had prolonged borrowing from QQ. They either rolling loans over or repaid one loan but were left so short of money that they had to borrow again.

These customers have good reasons to win an affordability complaint and get a refund of the interest they paid.

Affordability complaints started on a small scale in 2015 and increased in the next few years.

In 2018, complaints going to the Financial Ombudsman (FOS) jumped with the involvement of Claims Companies and QuickQuid became the most complained about firm to FOS, excluding PPI complaints.

For a long time QQ refused to refund interest on any loans taken more than 6 years before or where the loans were given in 2015 or afterwards. This resulted in a huge backlog of claims at the Financial Ombudsman, where QQ had made very poor offers to customers and then rejected an adjudicator decision.

In late July 2019, QQ agreed to accept several thousand FOS complaints it had previously rejected.

By accepting the FOS decisions on loans over 6 years, long chains of borrowing, and loans taken after 2015, the scale of QQ’s likely future liability for refunds will have become clear to the company.

After failing to persuade the FCA that a Scheme of Arrangement was appropriate, Enova, CEU’s large and profitable US parent, decided to close the UK business, blaming the UK regulatory environment.

How could the regulators let this happen?

This is an excellent question… Stella Creasy, MP called for an inquiry into the FCA over Wonga and QuickQuid.

I have looked at the question here: More payday lenders go under in 2019 – was anything learned from Wonga?

What has happened in the administration

Customers with a valid claim for a refund are “unsecured creditors”. This includes:

  • any refunds that were in progress after an amount was agreed or a Final Decision from a FOS Ombudsman (FOS);
  • complaints that were underway at QQ or FOS when QQ went under;
  • any new complaints sent to the Administrators.

All complaints at FOS legally had to stop and were been passed back to the Administrators. It isn’t possible to send any new complaints to FOS.

It is now too late to submit a Claim for unaffordable lending. The last date was 14 February 2021.

The administrators have given the following statistics about claims:

  • 169,000 customers made claims for unaffordable lending;
  • 78,000 claims were upheld by the administrators;
  • the upheld claims had a total value of £136million, so an average of about £1,700 per claim.

Still owe a balance on a QuickQuid or On Stride loan?

More than 300,000 of the current loans were sold to Lantern in summer 2021. You should have been informed if your loan was sold.

The administrators have now stopped collecting any money from the remaining unsold loans.

This page is kept updated

The comments below this article are a good place to ask any questions. And you may be able to see where someone else has already found out the answer.


refunds from overdraft charges

Can you get an overdraft refund?

Catalogue or card limit too high?

Unaffordable car finance – your options

April 25, 2022 Author: Sara Williams Tagged With: High cost credit news/policy, Payday loans, QuickQuid

Comments

  1. Kelvin says

    April 25, 2022 at 12:30 pm

    Hi Sara, Is there anything you can claim back from the robdogs ‘Gregory Pennington’ for their ridiculous fees they charged ?

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 1:48 pm

      was this a debt management plan? Have the debts been repaid?

      Reply
      • Cocodog411 says

        April 25, 2022 at 2:18 pm

        Hi, I would be interested in this. I was also with Gregory Pennington for a period of time. Some debts paid off, some redressed and some ongoing.
        Thanks

        Reply
        • Sara (Debt Camel) says

          April 25, 2022 at 2:26 pm

          do you are still using Gregory Pennington to pay some debts?

          Reply
          • Cocodog411 says

            April 25, 2022 at 3:43 pm

            No not for 5/6 years

        • Sara (Debt Camel) says

          April 25, 2022 at 6:13 pm

          Then there probably isn’t much you can do.

          But it may be you can get a refund from some of the debts that went into your DMP? Were there high cost loans? Cards or catalogues where the lender increased your credit limit daftly high?

          Reply
      • Julia says

        April 25, 2022 at 2:35 pm

        Hi Sarah,
        I was on DMP in 2018 with GW Financial Solutions, all debts have been paid off now for few years, is there anything I can claim back ?
        Many thanks

        Reply
        • Sara (Debt Camel) says

          April 25, 2022 at 2:46 pm

          From GW? Unlikely – it sounds as the DMP solved your problem even though it was expensive and StepChange would have done the same for free.

          But it may be you can get a refund from some of the debts that went into your DMP? Were there high cost loans? Cards or catalogues where the lender increased your credit limit daftly high?

          Reply
      • Kelvin says

        April 25, 2022 at 2:46 pm

        No, my plan finished years ago. They were so sneaky and never let you know who was getting what payment from your ‘pot’. Charged a crazy monthly fee, but I have lost all my paperwork when I moved house. Could be 12/13 years ago.

        Reply
  2. Jim says

    April 25, 2022 at 1:26 pm

    I want to place on record my thanks (lol) to QuickQuid for rejecting my last attempt to get a loan from them in early 2019, shortly before they went into administration.

    That experience made me realise that if a company that specialises in lending to people with terrible credit would not lend to me, then I had a much bigger problem then I had acknowledged.

    That started me off on a journey towards some degree of sanity, via Citizens Advice, Stepchange etc. I am still paying off the debt mountain, but hope to be debt free by Oct 2024.

    Getting an occasional refund is nice, and I admit I am looking forward to the QQ payout. But the most important thing is to change behaviour so that we get off the treadmill of borrowing and repayment, incurring huge amounts of interest charges along the way.

    Reply
    • Julia says

      April 25, 2022 at 3:29 pm

      Jim – this the first sensible comment I’ve seen on here. I’m really concerned based on some of the comments on here that many will not acknowledge the source of the issue and use any money they receive to extend or worsen an already perilous situation. It’s difficult to break the cycle but I think you’re providing a great example and food for thought for everyone. Thanks.

      Reply
  3. Helen says

    April 25, 2022 at 1:52 pm

    Sara, I know this is endless speculation here, but if they for whatever reason are not able to pay us by Friday, do they have any obligation to inform us?

    I just wonder if there’s a chance Friday will come and go without anything happening at all, no email or payment.

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 2:31 pm

      I think that is a pretty unlikely scenario. let’s just wait and see what happens.

      Reply
      • Gerry says

        April 25, 2022 at 4:08 pm

        Hi Sara
        I have just received an email telling me my redress amount & to expect it within the next two weeks.
        I hope everyone else starts receiving similar news shortly.

        Reply
        • MP says

          April 25, 2022 at 5:59 pm

          Hi Gerry,
          What is the Percentage if you don’t mind me asking?
          Thanks

          Reply
      • Jj says

        April 25, 2022 at 4:10 pm

        Hey guys I have just received the email payments to be made within 2 weeks

        Reply
      • Gerry Lewis says

        April 25, 2022 at 4:12 pm

        I just received an email from the Administrators.
        They say the money should be paid within the next two weeks & we are getting 53.5p in the £.

        Reply
      • Nicki says

        April 25, 2022 at 4:19 pm

        Just had my email confirmation of payout. Yippee!

        Reply
  4. Natalie says

    April 25, 2022 at 4:03 pm

    IVE GOT MY EMAIL!!!! 53.5P!!!!!

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 4:10 pm

      and Natlie wins the Internet today for being the first person to leave a comment!

      Reply
      • Sam Jackson says

        April 25, 2022 at 4:12 pm

        Love the good humour/wit/sarcasm you bring to this Sara. Thanks for the support and direction you provide

        Reply
    • Tim says

      April 25, 2022 at 4:12 pm

      That’s amazing news if they’re paying 53.5%

      Reply
    • Robert James says

      April 25, 2022 at 4:14 pm

      Is this for the QQ redress, sorry to sound stupid, but there are many posts regarding other compensations on this thread.

      Anyway if it’s 53.5 % I’m happy. I was worried it would be a lot less. I had an estimate of 66% based on the figures, but 53.5 % is fair as some redresses are quite large, which will drag the percentages down. Happy days!!! Not got my email yet!!! I will check portal.

      Reply
      • Sara (Debt Camel) says

        April 25, 2022 at 4:19 pm

        yes it is!

        Reply
  5. Geoff says

    April 25, 2022 at 4:03 pm

    Pleased to see the percentage being repaid is on the larger side of the estimate – ‘two weeks’ for payment is not ideal!

    Reply
    • Beth says

      April 25, 2022 at 4:16 pm

      Is that what they’re saying? Two weeks for payout…?

      Reply
  6. Melanie says

    April 25, 2022 at 4:04 pm

    Got my email

    Reply
  7. Mary says

    April 25, 2022 at 4:04 pm

    Thanks Sara and everyone on this forum.
    After reading this forum I put in a claim with Lending Stream. Just received offer of £4200 back. If it had not been for this forum I would never have claimed.

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 4:10 pm

      nice one!

      Reply
  8. Richard says

    April 25, 2022 at 4:05 pm

    53.5p!!!!!!!!! Great Result.
    To be paid within two weeks of your final amount e-mail being received.

    The end is nigh!!
    Woo

    Reply
    • John James says

      April 25, 2022 at 4:06 pm

      53.5p. Tidy

      Reply
    • Danny says

      April 25, 2022 at 4:06 pm

      Just received my email 53p in the pound well happy

      Reply
    • Jo says

      April 25, 2022 at 4:08 pm

      Just got my email!!! 53p in the £. AMAZING

      Reply
  9. AS says

    April 25, 2022 at 4:06 pm

    Just had an email……….

    “ The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £”.

    Reply
  10. Sara says

    April 25, 2022 at 4:07 pm

    Omg omg 53.5pence got my email xx

    Reply
    • Susan says

      April 25, 2022 at 4:36 pm

      Got my email. Overjoyed, never expected this and over 1k I’m getting back. Happy day.
      Thank you so much to Sara and this website or I would never have got all the refunds I’ve had

      Reply
    • Keith Goodall says

      April 25, 2022 at 4:48 pm

      Just got mine £1455 will be paid, was not expecting that wooow

      Reply
    • Tina says

      April 25, 2022 at 5:25 pm

      I haven’t had any emails do you think they will be going out in batches. Starting to panic now.

      Reply
      • Sara (Debt Camel) says

        April 25, 2022 at 5:26 pm

        yes. Also check your spam.

        Reply
  11. anon says

    April 25, 2022 at 4:09 pm

    I’ve received my email :)

    CashEuroNet UK, LLC- In Administration (“the Company”, trading as Quickquid, On Stride Financial and Pounds to Pocket)

    The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.

    You will receive a payment of £1,826.61. Your payment represents 53.5p in the £ on your agreed claim value of £3,411.16. Where required, the Joint Administrators have deducted withholding tax, which will be paid to HMRC on your behalf. We can confirm that £0.00 of withholding tax has been deducted from your dividend payment and will be paid to HMRC.

    Reply
  12. N grace says

    April 25, 2022 at 4:10 pm

    Just got my email – 53.5p in the pound!

    Reply
  13. Carly says

    April 25, 2022 at 4:10 pm

    Check emails everyone!!

    Reply
  14. Claire says

    April 25, 2022 at 4:10 pm

    Just got confirmation email
    The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.

    You will receive a payment of £6,234.43. Your payment represents 53.5p in the £ on your agreed claim value of £11,642.70. Where required, the Joint Administrators have deducted withholding tax, which will be paid to HMRC on your behalf. We can confirm that £0.00 of withholding tax has been deducted from your dividend payment and will be paid to HMRC.

    Please note, if you are represented by a CMC/Third Party and have provided us with instructions that your CMC/Third Party representative should be paid on your behalf, the above amount of £6,234.43 will be paid to your CMC/Third Party representative directly

    Reply
    • Keith says

      April 25, 2022 at 4:10 pm

      Just got an email from Casheuronet, payout is 53p in the £ with no tax deductions

      Reply
    • Richard says

      April 25, 2022 at 4:10 pm

      Landed. 53.5p in £.

      Reply
    • Caroline says

      April 25, 2022 at 4:40 pm

      Anyone tell me do I get £1,350????

      CashEuroNet UK, LLC- In Administration (“the Company”, trading as Quickquid, On Stride Financial and Pounds to Pocket)

      The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.

      You will receive a payment of £1,353.65. Your payment represents 53.5p in the £ on your agreed claim value of £2,527.91. Where required, the Joint Administrators have deducted withholding tax, which will be paid to HMRC on your behalf. We can confirm that £0.00 of withholding tax has been deducted from your dividend payment and will be paid to HMRC.

      Please note, if you are represented by a CMC/Third Party and have provided us with instructions that your CMC/Third Party representative should be paid on your behalf, the above amount of £1,353.65 will be paid to your CMC/Third Party representative directly.

      Reply
      • Sara (Debt Camel) says

        April 25, 2022 at 6:02 pm

        yes!

        Reply
        • Caroline says

          April 25, 2022 at 6:45 pm

          Wow thank you made up to pay off ;)

          Reply
  15. taruk says

    April 25, 2022 at 4:12 pm

    email landed, paying 53.5% boom!!!!

    Reply
  16. Emily says

    April 25, 2022 at 4:12 pm

    I assume nothing to worry about if I haven’t got an email right? The suspense is killing me haha!

    Reply
    • Rob says

      April 25, 2022 at 4:43 pm

      If it’s anything like mailing list software that I’ve used in the past, it’s usually best practice to send a large volume of emails out in batches so that spam filters don’t get tripped – imagine Gmail suddenly receiving an influx of emails from one sender all at once – they’d automatically dump them in the spam bin. Don’t think it’s anything to worry about being 30 minutes since the first person posted saying they received an email

      Reply
  17. Anita says

    April 25, 2022 at 4:13 pm

    I have my email with amount 🥳53pence in pound and payment within 2 weeks due to high volume

    Reply
    • Roly says

      April 25, 2022 at 4:13 pm

      I have just received an email

      CashEuroNet UK, LLC- In Administration (“the Company”, trading as Quickquid, On Stride Financial and Pounds to Pocket)
      The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.

      The email says payment will be made within 2 weeks of the date of the email.

      Hopefully everyone else will start getting their emails in the next few days xxx

      Reply
    • Hayley says

      April 25, 2022 at 4:14 pm

      wow!!!!! that is great news!!!!

      Reply
  18. Sam says

    April 25, 2022 at 4:14 pm

    no email , is it from grant thornton or quick quid customer service , ?

    Reply
  19. Sarah says

    April 25, 2022 at 4:14 pm

    Literally just received my email from Casheuronet

    Reply
  20. linda says

    April 25, 2022 at 4:15 pm

    just got my redress email it was in spam 53.5p in the pound payment within 2 weeks

    Reply
  21. Jimmy says

    April 25, 2022 at 4:15 pm

    Got email today. 53p per £1
    Payment within 2 weeks

    Reply
    • k says

      April 25, 2022 at 4:17 pm

      CashEuroNet UK, LLC- In Administration (“the Company”, trading as Quickquid, On Stride Financial and Pounds to Pocket)
      The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.

      yehhhhhhhh

      Reply
  22. Starshine says

    April 25, 2022 at 4:18 pm

    OMG guys ! This is such good news ! My heart almost stoped !

    Reply
    • Somi says

      April 25, 2022 at 4:18 pm

      I have just had confirmed amount 53.5p and payment total in email. Good luck everyone and hope this is quickly settled in our accounts

      Reply
    • KAH says

      April 25, 2022 at 4:23 pm

      mine too. couldn’t believe it when i read it! and at least now we have a time frame ‘within two weeks of this email’,. I am so pleased for all of us.

      now i hope that lending stream uphold my claim.

      Reply
      • Starshine says

        April 25, 2022 at 4:31 pm

        I’ve targeted lending stream again after they rejected my first go, they said they 14 loans was not an issue! Just waiting bin a reply , it’s been such a long wait re Qq but finally we can reap the rewards !

        Reply
        • John says

          April 25, 2022 at 5:24 pm

          Haven’t received an email since last may from them

          Reply
      • k says

        April 25, 2022 at 4:37 pm

        They will I am sure, There pretty good, I got my money after 2 weeks from original complaint letter £2.7k

        Reply
    • Mark H says

      April 25, 2022 at 4:24 pm

      Whoo hoo what a result, well worth the wait.

      Reply
  23. Joanna says

    April 25, 2022 at 4:20 pm

    Yes got mine and had changed my bank details in March 2021 by email which they acknowledged.
    Will see when it comes in, 53 per c is great result
    J

    Reply
  24. J says

    April 25, 2022 at 4:20 pm

    Seems people are receiving emails…Am I the only one who hasn’t?? :(

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 4:24 pm

      no they will be going out in batches – but do check your spam folder

      Reply
    • Emily says

      April 25, 2022 at 4:25 pm

      I haven’t either, won’t be long I’m sure!!

      Reply
    • Scarlet says

      April 25, 2022 at 4:28 pm

      I haven’t received one yet either.

      Reply
  25. Tina M says

    April 25, 2022 at 4:21 pm

    Fantastic news 53.5
    Receiving 3079.00 what a result

    Reply
  26. Qq says

    April 25, 2022 at 4:21 pm

    Yaaaaay!!!! Check your emaila!

    Reply
    • Awsan says

      April 25, 2022 at 4:22 pm

      Got the email just now. It says payment within two weeks of the email being sent

      Reply
    • Sean says

      April 25, 2022 at 4:22 pm

      Did they send all emails out at the same time? I’ve received nothing 🤷🏼‍♂️

      Reply
      • Sara (Debt Camel) says

        April 25, 2022 at 4:23 pm

        no they will be going out in batches. But do check your spam folder!

        Reply
      • Ash says

        April 25, 2022 at 4:31 pm

        Mine was in spam folder! I only knew to check spam because I had a nosey on here!

        Reply
      • Clare says

        April 25, 2022 at 4:32 pm

        Hi Sean I haven’t received anything either 😔

        Reply
        • Gabi says

          April 25, 2022 at 4:34 pm

          I haven’t got any email yet 😞😞😞

          Reply
        • Sean says

          April 25, 2022 at 4:36 pm

          Fingers crossed it’s coming soon! 🤞🏻 Great news for everyone.

          Reply
  27. Dan says

    April 25, 2022 at 4:24 pm

    Not recieved my email

    What shall I do

    Reply
    • Lee says

      April 25, 2022 at 4:25 pm

      Nothing received either

      Reply
    • Hazel says

      April 25, 2022 at 4:25 pm

      I have not received mines either. Patiently waiting

      Reply
    • Tommy says

      April 25, 2022 at 4:25 pm

      Urrggh no email… suppose it may take a while. But looking through my inbox I haven’t had one since 11th March 2021. Just in case it doesn’t arrive does anyone have the email I can contact them on? Thanks!

      Reply
      • Dan says

        April 25, 2022 at 4:30 pm

        Same boat last time I got email was that date

        Reply
        • Dan says

          April 25, 2022 at 5:03 pm

          recieved my email at 16:54

          Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 4:25 pm

      wait for it, they will be going out in batches

      Reply
      • Wojtek says

        April 25, 2022 at 4:45 pm

        Batches? u mean like daily?

        Reply
        • Sara (Debt Camel) says

          April 25, 2022 at 4:54 pm

          that is up to the administrators.

          Reply
    • Emma says

      April 25, 2022 at 4:26 pm

      I’ve not received anything yet

      Reply
      • Darren says

        April 25, 2022 at 4:27 pm

        email received now

        Reply
  28. TRACY says

    April 25, 2022 at 4:24 pm

    Hello all. I have been following this site for few weeks now and found it very helpful. Thank you to Sara for your help. Just to let you know i just received my email from CashEuro. They are paying 53.5p in the £. And it says I will receive payment within 2 weeks of the email.
    Looks like it’s finally happening.

    Reply
  29. Lindsay says

    April 25, 2022 at 4:26 pm

    Hooray! Received my email❤️❤️❤️ staggered! So thankful to you Sarah. Huge thanks

    Reply
    • Carol says

      April 25, 2022 at 4:27 pm

      53.5% More than expected. Yippee

      Reply
  30. Lindsay says

    April 25, 2022 at 4:27 pm

    Hooray! Received my email❤️❤️❤️ staggered! So thankful to you Sara. Huge thanks

    Reply
    • Nicola says

      April 25, 2022 at 4:27 pm

      I have had the email…53.5p to the pound.

      Reply
  31. Jim says

    April 25, 2022 at 4:28 pm

    Not received mine either and not in spam

    Reply
    • EH says

      April 25, 2022 at 4:28 pm

      I’ve not received an email confirming this, shoul I be concerned?

      Reply
      • NICHOLA HILL says

        April 25, 2022 at 4:41 pm

        No me either, still waiting :-(

        Reply
      • Lyndsey says

        April 25, 2022 at 4:42 pm

        Not received mine either :(

        Reply
        • jason says

          April 25, 2022 at 4:42 pm

          No e mail yet, i am worried

          Reply
      • Diane says

        April 25, 2022 at 4:52 pm

        I havnt recieved an email either

        Reply
        • Chris says

          April 25, 2022 at 4:52 pm

          I havent received an email yet and have an accepted claim.. Has everyone had an email??

          Reply
        • AS says

          April 25, 2022 at 4:52 pm

          I haven’t received any email and not in spam. I have received emails from casheuronet previously.

          Reply
        • Julie says

          April 25, 2022 at 4:55 pm

          Nor me. I’ve got an accepted claim of £9004

          Reply
        • Chelsea says

          April 25, 2022 at 5:27 pm

          I haven’t but all my emails have been later than everyone else throughout this so we must be in a later batch

          Reply
    • Jim says

      April 25, 2022 at 4:41 pm

      Mine still not arrived, but I see the emails are tailored to the individual claimants, so it makes sense they are going out in batches.
      Anyway, 53.5p is awesome, way better than I expected!

      Reply
    • Jim says

      April 25, 2022 at 6:28 pm

      Email received in junk folder 18.18. Hooray!!

      Reply
  32. Paul says

    April 25, 2022 at 4:30 pm

    Just received my email from From quick quick money to be payed is 53p per pound And will be within two weeks from today

    Reply
    • Simon says

      April 25, 2022 at 4:30 pm

      Received and email saying paying dividend of 53p in the pound.
      Payments will.be with us within two weeks due to the volume

      Reply
  33. VH says

    April 25, 2022 at 4:31 pm

    Hey All
    I’ve just received my email too. 53.3p in the £! We will receive the funds within 2 weeks of the email.
    So happy for us all. Thanks to everyone for supporting eachother and hugest thanks to Sara.

    Reply
  34. Noel says

    April 25, 2022 at 4:32 pm

    Just got word of the dividend 53 per cent and a sum of 7417 quid yehaw party tonight

    Reply
  35. Amie says

    April 25, 2022 at 4:33 pm

    Whoop whoop
    Worth the wait :)

    Reply
    • k says

      April 25, 2022 at 4:33 pm

      I feel like crying reading all these emails, its fabulous !!!!!! thank you Sara xxx

      Reply
      • Sara (Debt Camel) says

        April 25, 2022 at 4:37 pm

        I might have a small celebratory drink tonight myself!

        Reply
        • Els says

          April 25, 2022 at 4:46 pm

          You certainly deserve one!

          Reply
        • VH says

          April 25, 2022 at 4:56 pm

          Please do Sara, you’ve been fantastic. I’ll raise a glass to you this evening, and to everyone for the support 🥂

          Reply
        • Andre says

          April 25, 2022 at 4:59 pm

          And you’d deserve it!!

          Reply
  36. Stuart says

    April 25, 2022 at 4:36 pm

    Just got my email through and they are taking tax off my dividend! Can I claim this tax back? And if so how do I go about it? Also Thankyou so much Sara I found this site years ago and have claimed back so much money as a result

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 4:37 pm

      How large is the dividend? how much tax are they taking off?

      Reply
      • Jamie fox says

        April 25, 2022 at 4:41 pm

        Hi just had my email sara they are paying 53.5p per pound and my email says zero tax is being deducted

        Reply
  37. Laura says

    April 25, 2022 at 4:39 pm

    sooooo happy for everyone! :) the wait is finally over

    Reply
    • VKW says

      April 25, 2022 at 4:39 pm

      Just got my email!!!!!!!!!!! It’s closer to 50%

      Reply
  38. Noel mccready says

    April 25, 2022 at 4:40 pm

    Thanks Sarah and Debt Camel

    Reply
  39. P says

    April 25, 2022 at 4:40 pm

    Just received my email :) £7900 definitely going to treat myself to a nice break. Worked hard to clear all my debts over the years, wasn’t expecting hardly anything from this so it’s a really nice surprise.

    Reply
  40. Dd says

    April 25, 2022 at 4:40 pm

    Nothing for me yet. Took ages to get my initial email and had to keep aaking

    Reply
  41. Leeis says

    April 25, 2022 at 4:42 pm

    Oh my 53p just shy of £4200 very happy

    Reply
  42. Martyn says

    April 25, 2022 at 4:44 pm

    Hey all sorry to be a pain but is there any way of finding out if I used a third party on my QQ claim or I done the work myself.As it was so long ago I can’t remember if I did ..thanks..

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 5:59 pm

      you may have emails about it?

      Reply
  43. Anthony says

    April 25, 2022 at 4:44 pm

    Just got my email! No Tax and 3.5k thank you Grant Thornton and thank you Sara for the help!

    Reply
  44. Phil says

    April 25, 2022 at 4:44 pm

    Sarah thanks for your input and calm approach to all this 👏

    Email…
    The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.
    You will receive a payment of £X. Your payment represents 53.5p in the £ on your agreed claim value of £X. Where required, the Joint Administrators have deducted withholding tax, which will be paid to HMRC on your behalf. We can confirm that £0.00 of withholding tax has been deducted from your dividend payment and will be paid to HMRC.

    Please note, if you are represented by a CMC/Third Party and have provided us with instructions that your CMC/Third Party representative should be paid on your behalf, the above amount of £X will be paid to your CMC/Third Party representative directly.

    Payment….
    Due to the volume of dividend payments due to customers/creditors, you will receive your payment within two weeks of this email. If you do not receive your payment within two weeks, please contact the CashEuroNet Customer Support team using the details provided below.

    Enjoy 👍

    Reply
  45. Paul says

    April 25, 2022 at 4:45 pm

    Anyone else not got an email yet ?

    Reply
    • Robert James says

      April 25, 2022 at 4:45 pm

      Hi, just received my email.

      They sent it to my original email that I started the administration on, shows how long it’s been going on.

      So if you have multiple email accounts on record, check them all.

      Reply
      • Julie says

        April 25, 2022 at 5:00 pm

        Just checked my other email and it had gone there. Wowsers I’m over the moon!!!! Thank you for all your help

        Reply
    • Julie says

      April 25, 2022 at 4:50 pm

      I’m still waiting go get my email. Is anyone else still waiting. Starting to panic a bit

      Reply
      • OccasionallyInterested says

        April 25, 2022 at 4:55 pm

        I only just got mine. Each is personalised. Don’t worry, it’ll turn up.

        Reply
      • Chris says

        April 25, 2022 at 4:55 pm

        Yea I’m still waiting ? Fingers crossed

        Reply
        • james says

          April 25, 2022 at 4:56 pm

          still not received any email yet

          Reply
      • Lyndsey says

        April 25, 2022 at 4:56 pm

        I still haven’t had mine either, if I don’t receive one by the end of the day I’ll pop them a chaser email tomorrow.

        Reply
      • Beth says

        April 25, 2022 at 4:56 pm

        I’m still waiting too!

        Reply
      • Emma says

        April 25, 2022 at 4:57 pm

        I am the same. I confirmed bank details a month if so ago! So trying not to panic

        Reply
        • Emma says

          April 25, 2022 at 6:33 pm

          I have just received the email now! A nice surprise for a Monday evening!

          Reply
      • Andy says

        April 25, 2022 at 4:57 pm

        Me too. Nothing yet

        Reply
      • Kirsty says

        April 25, 2022 at 4:59 pm

        Hi I’m still waiting for my email is anybody else still waiting for theirs? I have checked spam folder

        Reply
      • Emma says

        April 25, 2022 at 5:00 pm

        I haven’t received one yet, fingers crossed it’ll soon hit my inbox. Waited this long so what’s a few more minutes/hours

        Reply
      • Diane says

        April 25, 2022 at 5:02 pm

        Im the same Julie

        Reply
      • james says

        April 25, 2022 at 5:03 pm

        no i still havent received my email yet…the last emails i got was that my claim was being escalated…havent heard bugger all since

        Reply
      • Emma says

        April 25, 2022 at 5:03 pm

        Me feel left out

        Reply
      • sam says

        April 25, 2022 at 5:05 pm

        yes still waiting

        Reply
      • Nic says

        April 25, 2022 at 5:07 pm

        Mine came in at 16:59. Try not to worry.
        Thanks Sara for all your help and support. Forvever grateful. This is the last of my redress claims to come through now. I’ve reduced my current DMP by 3/4 due to the success of claims submitted and it was only possibe due to your guidance. Not all heros wear capes. Keep up the good work

        Reply
      • H says

        April 25, 2022 at 5:08 pm

        I would of thought emails are being sent in batches, i would of thought by end of tomorrow we’ll have ours.

        Reply
      • DAVID says

        April 25, 2022 at 5:08 pm

        no email for me yet, no contact with them since the notification of delay, but seeing the news of 53% is a nice little bonus.

        Reply
      • Timbo says

        April 25, 2022 at 5:10 pm

        Same position as you as in not received an email yet. Not over worried at the moment as they are individual emails rather than just a generic email.

        However I will be more worried if not received the email by Tuesday morning!

        Reply
      • Claire says

        April 25, 2022 at 5:11 pm

        Yep no emails yet over here

        Reply
      • Kirsty says

        April 25, 2022 at 5:11 pm

        I’m still waiting too!!

        Reply
        • AS says

          April 25, 2022 at 5:12 pm

          Me neither

          Reply
      • Julia says

        April 25, 2022 at 5:12 pm

        I haven’t received anything 😞

        Reply
      • Laura Rutter says

        April 25, 2022 at 5:14 pm

        I’m still waiting for mine.

        Reply
      • Helen says

        April 25, 2022 at 5:14 pm

        Yep still waiting too.

        Reply
      • N says

        April 25, 2022 at 5:15 pm

        Not had my email yet, and my claim was for £16k! wonder if it’s alphabetical? Also check your junk/spam folder.

        Reply
      • Daniel says

        April 25, 2022 at 5:15 pm

        I’m still waiting for Julie. looking at the thread it seems those with larger dividends are getting their emails first. Mine is likely to be only £800 or so.

        Reply
        • Julie says

          April 25, 2022 at 5:20 pm

          I have just got mine. I found it on my other email address. I’ve been awarded £4821 so over the moon with that. If you have other email addresses check those xx

          Reply
      • Kirsty says

        April 25, 2022 at 5:17 pm

        I’m still waiting as well.

        Reply
        • Hayley says

          April 25, 2022 at 5:30 pm

          Have you checked your junk mail? That’s where mine went. I knew about the email before I even saw it from all the notifications on this site!

          Reply
  46. Bianca says

    April 25, 2022 at 4:46 pm

    To those of you who were worried. I have great news. I received my QQ email today with the final dividend and what my payment will be. Hooray!

    Reply
  47. JV says

    April 25, 2022 at 4:46 pm

    Hey ! Just had an email saying the following-
    The Joint Administrators are now in a position to declare a first and final dividend of 53.5p in the £.
    Get in !

    Reply
    • Tom says

      April 25, 2022 at 4:46 pm

      Got an email today at 16:22, will get 2.5K, happy days, was hoping for a couple of hundreds.

      Reply
      • Steven says

        April 25, 2022 at 4:52 pm

        As every body got the email as I have not yet? Thanks

        Reply
    • Tracy says

      April 25, 2022 at 4:49 pm

      Just received my email 53.5p in the £.
      Payment within two weeks. Worth the wait.
      Thanks for everything Sarah. You have the patience if a Saint.

      Reply
    • Richard says

      April 25, 2022 at 4:49 pm

      53p in the pound confirmed.

      Reply
    • christine says

      April 25, 2022 at 4:50 pm

      Got my email .53p in pound

      Reply
  48. Alex c says

    April 25, 2022 at 4:51 pm

    What a great result, way better then expected 👍

    Reply
    • Chris Tuck says

      April 25, 2022 at 4:51 pm

      Just had my email, 53.5% dividend with no tax applicable

      Reply
    • Brian says

      April 25, 2022 at 4:51 pm

      Wow 53%. I have been worried sick and receiving that email today is massive lift.
      Thanks for all the advice and information, Sara.
      I’ll miss this thread. Can we all meet up for regular reunions?

      Reply
  49. Anthony says

    April 25, 2022 at 4:51 pm

    Hi Sara, i am currently on universal credit, will this payment show up via that, i know its below the savings threshold, so i need to declare anything ?

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 4:54 pm

      This counts as capital received, not income. It shouldn’t be a problem unless you end up with more than 6k in the bank

      Reply
  50. Ian H says

    April 25, 2022 at 4:53 pm

    Really pleased for everyone that has received their email. Still waiting here but with a smile on my face and maybe a little lump in my throat and a tiny nagging doubt mine was a mistake. Overall though a great result and if I may I’d just like to say that whilst it was a long administration the ability to secure this dividend is testament to some positive work by GT. Ducks to avoid shouts to the contrary.

    Reply
  51. Daniel says

    April 25, 2022 at 4:53 pm

    still waiting on mine. Looking at the comments it looks like those that are getting larger amounts are the first to get their email.

    Reply
    • Laura says

      April 26, 2022 at 6:36 am

      Not at all. I’m getting just under £5k back but my email didn’t come through until late

      Reply
  52. OccasionallyInterested says

    April 25, 2022 at 4:54 pm

    I really never expected anything to come from this. Maybe a couple of hundred quid at most. Just got the email confirming payment. I cannot tell you how happy I am!

    I’ve followed this thread throughout, never posted as I had nothing to offer. But I would like to say thank you to the unknown stranger that is Sara, whose information has been invaluable.

    Woo
    Hooo!!!

    Reply
  53. Steven says

    April 25, 2022 at 4:54 pm

    Hi as every body got the email as I have not yet thanks

    Reply
  54. Roy says

    April 25, 2022 at 4:55 pm

    Finally it’s all been sorted and better than expected 😀 Sara not sure if you run this on your own or with a group I would like to say thanks to you and anyone else who runs this site it’s been a great help more than once, thank you.

    Reply
  55. philip says

    April 25, 2022 at 4:56 pm

    will we get a cheque for the amount or will it go into my account ????

    Reply
    • Sara (Debt Camel) says

      April 25, 2022 at 5:47 pm

      the email explains this – it will be paid into your account unless the administrators couldn’t verify it.

      Reply
  56. Is says

    April 25, 2022 at 4:56 pm

    Hi Everyone!

    Just received email yes it is 53.5p to the pound and will be within two weeks.

    Patiently waiting!

    Thanks everyone and Sara

    Big up the community !!!!

    Reply
  57. Rachael says

    April 25, 2022 at 4:57 pm

    So pleased to hear this, congratulations everyone 🥳 mine is just a small one but every little helps

    Reply
    • Nic 51 says

      April 25, 2022 at 4:59 pm

      Amazing result for everyone 53.5% so much better than expected. Pleased for everyone!!!

      Reply
  58. jenny says

    April 25, 2022 at 4:59 pm

    Amazing… no email as yet but I am not worried.
    Thanks so much Sara, I shall miss this thread :)

    Reply
  59. Mick says

    April 25, 2022 at 5:00 pm

    Just got my email also, 0.53p in the pound is an outstanding result, I’m sure we were all expecting 0.30p

    I’ve read through most of this thread but never posted until now just wanted to say thanks to all and especially Sara for the brilliant work I’m sure their are many like me who don’t post but read through and appreciate the work you put in.

    Thanks again!

    Reply
    • Gill says

      April 25, 2022 at 5:01 pm

      I have an email … yay 😀

      Reply
  60. Stephen says

    April 25, 2022 at 5:00 pm

    I have an agreed claim but have never received any emails with updates etc. Should I be worried?

    Reply
    • Ray says

      April 25, 2022 at 5:03 pm

      Hi Sara, I haven’t received an email yet, do you think there is any need to panic

      Reply
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