Re-launched November 2023
Credit intermediary not a lender. Representative Example: Amount of credit: £1000 for 11 months at £102.22 per month. Total repayment of £1226.64. Interest: £226.64 Interest rate: 47.5% pa (fixed). APR rates range from 9.3% APR to 102.5%.
Convenient Loan Amounts
Multiple Repayment Options
The QuickQuid brand had over 1.8 million customers before it left the UK, QuickQuid is dedicated to offering flexible and transparent short-term loans to UK residents. We provide the total cost of your loan upfront, so you know what you have to pay and when at all times.
Payday Loans Making A Comeback
Since the FCA assumed regulatory control over the lending industry in 2014, there has been a crackdown on non-bank and payday lenders. A significant number of direct lenders, about 98%, have faced administration or financial difficulties at some point. As a new credit crunch looms, there is a growing demand in the UK for the revival of trusted old brands that cater to individuals with poor credit histories.
QuickQuid is dedicated to reversing the trend and returning to its position as the UK's premier starting point for payday loans and other innovative credit products
Understanding Bad Credit Loans
“bad Credit Loans” is one of the most misunderstood terms in finance, in reality there is no such term. It’s a term that applicants use to fail themselves before they apply. Here is what is really means.
We know that customers just want a straight answer. You will be provided with a full decision within 100 seconds of submitting your online loan application. It has never been as easy to know where you stand.
Soft Credit Checks
Customers are rightly concerned about the number of credit checks performed in their name. Frequent Credit Checks do have a negative impact. Any application on this site will result in only a soft check being performed.
Quick Loans Are Back
Remember, QuickQuid launched before Wonga. Prior to QuickQuid arriving in the UK, money wasn't exactly quick. Applications and payouts took days, we sped all that up and offered cash money to the bank in minutes.
The Financial Conduct Authority describe a "short-term loan" as a loan where the majority of the loan is repaid within 12 months from the start date. In theory this would mean a loan of up to 24 months. More realistically most lenders describe these types of loans as anything up to 12 months.
Short-Term Loans are almost always unsecured, in the UK the amount borrowed will normally be for £2000 or less.
Two points, first of all we don’t have full permissions from the Financial Conduct Authority to lend directly just yet. This is something we are working on before a full return in 2024. Second, the Direct Lenders we work with do accept Bad Credit Applicants, but it would be their decision.
The maximum loan rate for short-term loans is 0.8% of the total amount per day, £24 per month for every £100 borrowed. It is currently one of the more expensive legitimate ways to borrow money. Here are the cheapest in order - secured, unsecured, credit cards, short-term.
Borrowing over a short-term usually suits people who struggle to borrow from banks and need cash to cover for immediate emergencies such as their car breaking down. To a lot of people short-term doesn’t make financial sense. For those who have to juggle their finances, interim borrowing fits a need.
If you don't need to borrow, then it's wise not to, why pay interest if you don't need to? Remember, subject to status, money is only 15-30 minutes away, you can always apply last minute.
No, lenders we work with will only perform a soft-check. There is a record on your credit history that a search has been made, but it won't be listed as an application for credit. If a loan offer is made, the lender will then make a note on your credit file should you wish to proceed with the offer.
Yes, that was the QuickQuid brand that made that advert. It was made in 2015 and went on to become one of the most recognisable adverts on UK TV at the time. The advert ran until 2018, after that the original QuickQuid started to win down their lending activity and eventually the advert was suspended.