29 June 2020
Ed Boyle and David Pike of KPMG LLP were appointed as joint administrators of Elevate Credit International Limited (‘ECIL’) on 29 June 2020. ECIL provided consumer loans under the brand ‘Sunny’, and had previously used the brands ‘1 Month Loan’ and ‘Quid’. The administration of ECIL has no impact on Elevate Credit, Inc. which continues to trade as normal. Following the appointment of the Joint Administrators all new lending by ECIL has ceased. All outstanding loans remain subject to the terms agreed with ECIL, and interest will continue to be charged on outstanding loans in the usual way. Customers should continue to make repayments of existing loans in the usual way. 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. For further information and enquiries, please refer to the frequently asked questions section of the Sunny website or contact the customer service team at email@example.com or call 0800 7315 444. Please note that due to the high number of calls we are currently receiving, you may experience longer wait times than normal.