How much do you need?
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%.
Choosing From Available Payday Lenders
With so few online payday lenders operating on the UK, it can be a bit underwhelming deciding on which one to apply with for a short term loan. Each lender offers different features and benefits, from application requirements and funding speeds to loan amounts and approval times, and it's up to you to decide what's important and what isn't. There are less than 6 lenders out there so be sure to perform your due diligence and find a responsible lender that is committed to helping you.
Are You Looking for New Payday Lenders?
A better question might be, "Do I want a money lender that cares about my future and my particular situation, or not?" QuickQuid is a short term introducer that understands the needs of its customers. We have arranged hundreds of thousands of our customers with funds to help them get the funds they needed, and we pride ourselves on being transparent.
What to Look For in a Payday Lender
What do I need to apply? If approved, when will I receive my payday loan? How much can I apply for? Although these are some of the most popular questions people seek answers to when researching money lenders, they're not always the most important. Here are a few additional questions you should ask yourself when researching payday lenders:
- Is the lender licensed? Before you submit any sensitive information over the Internet, make sure the lender you're applying with is an actual licensed lender. This reaffirms their legitimacy and confirms they are a responsible lender. Oftentimes, this information can be found on the lender's 'About Us' page.
- How much does the loan cost? When reviewing different options, be sure to look at the actual cost of different lenders. Make your decision based on the actual cost of the credit to you.
- Are there trust icons? Search the lender's site for any trust icons, a VeriSign Secured™ or McAfee SECURE™ icon are two such examples. These icons mean the lender has taken steps to make sure your personal information is protected using standard security technology.
Looking for Direct Money Lenders Only?
In all honesty, you are going to struggle these days. A lot of Direct Lenders now operate behind brokers or credit Introducers. There are a number of reasons for this. The main reason being that the misselling complaints from 2016 onwards brought down a number of very valuable brands in the UK. Brands that were worth hundreds of millions.
Companies now feel safer separating their brands from their lending divisions. If their lending divisions go under, they won't take their associated brands down with them. That is why you will now see "Broker not a lender on more and more sites going forward.
The QuickQuid Advantage
Because of QuickQuid’s brand history and reputation, we are able to get better deals from lenders that others won’t. Benefits can include lower APR’s for borrowers with higher credit limits possible.