Elevate Credit International Limited Page Notification

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 help@sunny.co.uk 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.

The affairs, business and property of the business are being managed by the Joint Administrators. Ed Boyle and David Pike are authorised to act as insolvency practitioners by the Institutes of Chartered Accountants in England & Wales. We are bound by the Insolvency Code of Ethics. The Officeholders are Data Controllers of personal data as defined by the Data Protection Act 2018. Personal data will be kept secure and processed only for matters relating to the appointment. For further information, please see our Privacy policy at – home.kpmg.co.uk/en/home/misc/privacy-policy-insolvency-court-appointments.html.