QuickQuid is one of the largest online providers of payday loans in the United Kingdom. They have dedicated websites that provide short term loans for residents of the UK, Canada, Australia and the US and specialise in providing same day funding for payday loans and cash advances. They are members of CIFAS, the UK’s fraud prevention service, as well as the Consumer Finance Association (CFA).
Quickquid often run special promotions for new customers where you can save money on loan fees. New customer can Apply Here to save 30% on loan fees. All you need to do is use the following code: CJCASH when applying.
Other Information
Company Owner: Cash Euro Net LLC
Member of Regualted Body: Consumer Finance Association
Maximum Loan Amount – Existing Customers: £1,500
Typical APR: 1734%
Flat Rate of Interest: 25%
Cost to borrow £100: Between £20 and £29.50 per £100 borrowed.
Deferred Payment Option: Yes – up to a maximum of 5 months.
Apply for a payday loan 7 days a week
QuickQuid is the only online payday loan lender that provides bank transfers seven days a week. There same-day funding service for cash advances and payday loans is one of the quickest we have found. Our test application was submitted at 9:15am and the funds were in our bank account by 10:25am on the same day. Applications submitted and approved before 10.00pm will be funded that day. This service is free of charge.
Existing customers applying for a loan before 7.30am may receive funding by 8.00am the same day. QuickQuid will also provide same day funding at 11.00am, 1.00pm and 3.00pm.
Application Process
All UK applications must be submitted online using the QuickQuid website. Once online, a payday loan application can be made in a matter of minutes and there is no need to fax any documents to them. Applications are usually processed within 30 minutes.
How much can you borrow?
New customers to QuickQuid can apply for a payday loan of up to £1000. All loan amounts are based on your credit history and ability to pay, as is the case with all payday loan providers. Once you have successfully repaid your first loan with them, you can then borrow up to £1500 on any future loans.
Can you extend your payment period?
You can extend your initial repayment period at the discretion of QuickQuid. In order to extend your payday loan, the initial finance charges must be paid on the original due date. You can then extend your loan by logging onto to your QuickQuid account on the website. Loans can be extended up to a maximum of 5 times.
How can you repay your payday loan?
Quickquid offer two methods of payment for paying off your payday loan. The primary method is by debit card; however they will also allow you to pay off your loan using a direct debit in the event that you do not have a valid bank card.
Your loan amount will be debited from your bank account on the due date that you have specified when setting up the application. You can also repay your loan early by logging into your account.
If you choose to repay your loan by debit card, once your payment has been cleared you can apply for another loan immediately!
If you pay your loan off using a direct debit, you will need to wait a couple of days before you can apply for a new loan.
Can you apply if you have a poor credit history?
QuickQuid will consider applications if you have a poor credit history, even if you have been refused a payday loan elsewhere! All applications are considered and decisions are made based on your ability to repay the loan.
Taking out a payday loan will actually improve your credit rating as long as the loan is repaid on time as QuickQuid will inform the credit bureau of your timely repayments!
What are the finance charges on QuickQuid Payday Loans?
QuickQuid use a very simple rating system to calculate finance charges. They have three rate tiers: Excellent, Good or Average. Which rate tier you are placed in is dependent on a number of factors including your credit history, loan repayment history and employment history. Finance charges range from £10 per £50 borrowed up to £14.75 per £50 borrowed.
For example, a payday loan of £1000 will cost you £200 in finance charges if your loan is categorized in the Excellent Tier. Alternatively you will be charged £295 for the same loan if you are placed in the Average Tier.
Once you have taken out your first payday loan with Quickquid, you can easily move up the ratings tier on any future short-term loans by repaying your loan in a timely manner.
For more information on Quickquid payday loans, check out our more info page!
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