On 29 June, Elevate Credit International Limited, trading as Sunny (and also previously under the ‘1 Monthly Loan’ and ‘Quid’ brands), was placed into administration. Edward George Boyle and David John Pike from KPMG UK LLP were appointed as Joint Administrators.
Elevate Credit International Limited is a high cost short term lender, otherwise known as a payday lender, which lends small sums to customers until the next payday or for a few months.
Elevate Credit International Limited will update customers as soon as possible. If you have any questions in the meantime about your loan please contact the Sunny customer support team: https://sunny.co.uk/[1] , [email protected] or 0800 7315 444[2].
The FCA is in close contact with the firm and the administrator with regard to the fair treatment of customers.
All existing loan agreements remain in place and will not be affected by the proposed administration. However, the firm is no longer able to issue new loans.
Customers who are struggling financially can get free and impartial guidance from the Money Advice Service[3].