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Morses administration – more delays to the tiny distributions

Morses Club went into administration in November 2023. Morses Club was the largest doorstep lender in the UK after Provident stopped lending in 2021. See Morses Club goes under for details about why it failed. In March 2024, the administrators have sold or written off all outstanding loans. It is now expected that people who were promised refunds of hundreds or thousands of pounds in the … [Read more...]

January 7, 2025 Author: Sara Williams Tagged With: morses

Morses Club goes under – in administration – Scheme fails

UPDATE - March 2024 - the administrators have sold some loans to Lantern and written off all the others. See Morses administration – what is happening to loans. That article is now the current Morses article and if you have any questions, please ask them in the comments there. Morses Club went into administration on 17 November 2023. Morses Club was the largest doorstep lender in the UK … [Read more...]

November 21, 2023 Author: Sara Williams Tagged With: High cost credit news/policy, morses

Making a claim to the Morses Scheme [old article]

UPDATE - Morses Club went into administration on 17 November 2023. This scheme has now been terminated. See Morses Club goes under – in administration – Scheme fails for details and what customers should do. Morses sent out a batch of decisions on 6 July 2023. Many people have found these confusing - see the comments below this article. At one point the email says in a grey box: "Morses … [Read more...]

July 7, 2023 Author: Sara Williams Tagged With: morses, Schemes of Arrangement

Wageday Advance – administration completed in 2020

Wageday Advance (WDA) in Administration - latest news for borrowers with affordability complaints

Summary of the administration Curo Transatlantic Limited (Curo) had two brands: Wageday Advance (WDA), a mid-sized payday lender; and  Juo Loans, a  small guarantor lender. Curo entered administration on 26 February 2019 because of the number of payday loan affordability complaints they were receiving. They appointed KPMG as Administrators. The Administrators … [Read more...]

May 20, 2020 Author: Sara Williams Tagged With: High cost credit news/policy, morses

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