Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £300 for 74 days with one repayment of £88.80 and one repayment of £388.80. Interest: £177.60. Interest rate: 292% pa (fixed). 1295.5% APR Representative.
Bad Credit Payday Loans
When someone refers to a “bad credit payday loan,” they are typically referring to short-term loans (often due to be repaid the next payday) that are available for people with less-than-perfect credit. They are often used to cover unexpected emergency expenses such as car repairs, home repairs or medical costs.
While these uncertain financial situations can be scary, QuickQuid's fast and friendly service aims to make the process as stress-free as possible. We are here to help you out of difficult financial situations when they arise, and are not meant to be a long-term solution.
Does QuickQuid Offer Bad Credit Payday Loans?
QuickQuid offers short-term loans repayable over 1 – 3 payment periods, and we consider all applicants regardless of their credit score and history. While we wouldn't necessarily call our loan offering a “bad credit payday loan,” we evaluate every applicant individually and in some instances are able to offer loans to people with less-than-perfect credit. And although the cost of payday loans for bad credit can be high relative to a loan one might get with good credit, QuickQuid allows you to repay early at no additional cost. This can help you save money by reducing the amount you pay in interest.
What Are the Benefits of Working with a Direct Lender?
QuickQuid is proud to be a direct lender. That means the money we lend our customers comes straight from us. We don't use a middleman, so the majority of our customers' information stays exclusively with us. This is in contrast to many online “lenders,” who are actually just lead providers or brokers that may help you get a loan, but don't actually service the loan themselves. When you work with QuickQuid, you can trust that the loan will be issued in a straightforward manner. In short, it just makes the process of obtaining a short-term loan much more transparent and hassle-free.
How Do I Apply for a Loan From QuickQuid?
You must meet these requirements to be eligible for a loan from QuickQuid:
- Have a valid UK bank account
- Be employed and receiving a regular paycheque
- Be a resident of the UK
- Be at least 18 years old
If you meet those requirements and are in need of a short-term loan, go ahead and get started with your application today! If approved, you can get cash sent to your bank account within 10 minutes after approval.§
More About QuickQuid
Since 2007, QuickQuid has funded more than 1.4 million people in the UK. We're authorised and regulated by the Financial Conduct Authority and provide top-notch customer support seven days a week. We pride ourselves on responsible lending and customer security, and we're proud of the reviews we receive from our customers. Have any questions? Please don't hesitate to contact us or visit our FAQs page.