Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.
Representative Example: Amount of credit: £300 for 81 days with one repayment of £97.20 and one repayment of £397.20. Interest: £194.40. Interest rate: 292% pa (fixed). 1299.1% APR Representative.
Is There Such a Thing as a Guaranteed Loan?
Strictly speaking, no. Understood as a loan you're guaranteed to get before you even apply, guaranteed loans aren't offered for the simple reason that the lender hasn't had a chance to look at your financials.
While a friend or family member may be willing to lend you money regardless of your financial circumstances, a lender — whether it be a bank, an online company or some other alternative lender — will always examine your finances in a process called underwriting. In underwriting, the lender makes sure that you have the resources to repay your loan, and also that you have a history of repaying your debts on time.
Because every lender is required to responsibly underwrite their loans, there can't be anything like a “guaranteed” loan, as that would mean the lender made their decision before they had vetted it.
Can I Get a Loan with Bad Credit?
This is often what people are really after when they are looking for guaranteed loans — they are worried that their credit is too low to get approved unless the lender doesn't look into their finances. As already discussed, that's not something that happens at reputable lenders.
Fortunately, your credit score isn't the be-all-end-all of your finances. At QuickQuid, we look at more than just your score when we underwrite your loan, evaluating your complete financial situation. What this means is that QuickQuid may be able to offer you a loan even if you don’t consider your credit to be “perfect.” If you're curious to see how much you might qualify for, you can apply today!
What Does QuickQuid Offer?
QuickQuid is a direct lender offering payday loans of £50 – £1000 (£1500 for existing customers).† Approved customers can get their funds within 10 minutes after approval,§ and they may be eligible to repay over 1, 2 or 3 periods, offering additional flexibility for repayment. As a direct lender, QuickQuid also funds and services your loan from start to finish — that means it's always us you'll talk to if you have any questions! And our customer support team is available seven days a week to help you if you ever run into issues.
Learn More About QuickQuid
Founded in 2007, QuickQuid has helped more than 1.7 million UK residents get access to the funds they need. Our straightforward application makes it easy to see how much you might qualify for, and fast funding means that approved applicants can take care of emergency expenses when they need to.