Sunny Loans – Ed Boyle and David Pike of KPMG LLP were appointed as joint administrators of Elevate Credit International Limited (‘ECIL’, or the ‘Company’) on 29th June 2020. ECIL provided consumer loans under the brand ‘Sunny’, and had previously used the brands ‘1 Month Loan’ and ‘Quid’.
Following the appointment of the Joint Administrators all new lending has ceased.
Customers should continue to make repayments of existing loans in the usual way. Customers should be aware that outstanding loans remain subject to the terms agreed with ECIL, and interest will continue to be charged.
The Joint Administrators intend to conduct an orderly wind down of the business and to recover the assets of the business for the benefit of the creditors. This may include the sale of the assets of the Company, including the outstanding loan book and the platform.
An initial list of FAQs is provided for your information below. No further information is available at this time, whilst the Joint Administrators determine their strategy to deal with ECIL’s loan book. However, these FAQs will be updated with further information as it becomes available. The customer services team remains available for account related enquiries and may be contacted at [email protected] or call 0800 7315 444.