Quick Quid provides highly efficient instant & short-term payday loan services from the last 4 years without any fees and hidden charges. It provides cash advances to thousands of citizens throughout the year. QuickQuid is an authorized lender and regulated by the Financial Conduct Authority. QuickQuid is a trading title of CashEuroNetUK, LLC, which is merged in the United States with head office is in Chicago.
Table of Contents
Company Information
- Quick Quid
- quickquid.co.uk
- 0808 234 4558
- FCA IP: 673738
- 483 Green Lanes, London, N13 4BS
Advantages of Quick Quid Payday Loan
- As it offers clear terms, you can estimate the fee of a new loan by using an online tool.
- QuickQuid always protects your sensitive information. Your personal data is transmitted through Secure Socket Layer encryption.
Why QuickQuid Offers Efficient Loans?
No doubt, instant same day loans serve as an immediate rescue when you don’t have any personal balance to invest, but keep in mind, these offers also have some rules and regulations put for security purposes, such as;
- When going to receive payday services, remember loans should not be used for existing debts
- Make sure you are capable of repaying
- Try to pay off instalments on time to avoid extra default charges
- Don’t go with Quick payday loans if you are searching for long-term financial solutions
- Don’t try to receive payday service from different banks at the same time because some lenders will carry out your credit check/history and some are no credit check instant loans lenders.
QuickQuid provides their users with smart, easy and effective customer services that customers may look back whenever they need.
Fees
- Arrangement fee is £0
- Late payment fee is £15
- Maximum APR is 1294.1%
- Early repayment fee is £0
Highlights
- Supple payment periods are available.
- You can apply for a top-up of the loan
- Extensions are offered
- Payouts are made by using the Faster Payment Service
- Applications can also be approved on weekends
If you borrow £300 for 65 days with one repayment of £378.00 and one repayment of £78.00, then the total repayment will be £456.00. £156.00 will be applied with 292% pa (fixed) and 1294.1% APR Representative.
Representative Example
Eligibility Requirements
If you want to get a Quick Quid loan, you should:
- 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
How to Apply with QuickQuid
If you are a new customer, you can apply for payday loans by completing an online application within minutes. If you are a returning customer, you can apply from your line account easily.
The Information You Need to Request an Application
For submitting an online application to get a QuickQuid Payday service, you will be asked to provide the following information:
- Address Information
- Employment Information
- Financial and Monthly Expense Information
- Bank Account Information
QuickQuid Loans Repayment Options and Methods
There are 2 repay options on the application. After sign your contract, you will be asked to choose your repayment method. You can link an authorized direct debit from your bank account or a debit card for repayments. After that, the QuickQuid will collect repayments from your chosen repayment method on the dates that are listed on your loan contract.
Loan Decisions You Might Receive
After completing the above process, you might receive one of the following options:
| Approval | The loan will be funded within 10 minutes. |
| Under Review | You may need to provide more information before taking a loan. |
| Decline | Currently unable to offer you a loan. But in future, you can get a loan for sure. |
Quick Quid Instant Payday Loan Repayment
After your application is approved, you will have to repay your loan over 1, 2 or 3 payment episodes
Period 1: In this 1st period, your loan and accrued interest are payable on your repayment date.
Period 2: In the 2nd period, your accrued interest is due on the date of your first repayment. In this period you’ll have to pay your loan amount and additional accrued interest.
Period 3 :In the 3rd period, your accrued interest is due on the dates of your first two repayments. In this period you’ll have to pay your loan amount and additional accrued interest.
Other Borrowing Options
Top-Ups
If you have an active loan and principal reaming on approval limit, you can be eligible for a Top-Up on your loan. If you get Pop-Up, you will have to repay your actual loan amount, Top-Up, feed, and interest according to your chosen repayment schedule or in combination with an extension.
Extensions
You can request an extension by logging in to your account if you want extra time to repay your loan. If this request approved, you will be given two or more extra pay periods to repay your payments. You can apply for a maximum of two extensions on per loan, for a total loan duration of three periods.
Quick Quid Customer Services
Quick Quid treat their customers warmly and fairly and provide them with the following payday loans instantly; You can borrow £250 for only 30 days and you will have to make the repayment worth £310. And if there will some late repayments then maybe your repayment amount will increase. The interest rate per £250 will be 292.25% and this is not variable at all.
- To get an instant service you only need your personal information and the exact amount of loan which you want to receive.
- Quick Quid understand your needs, thus they made it easy to apply to anyone.
- The first step is whether you are eligible or not.
- Now you will choose an amount of loan and when you will repay. Your deal will be confirmed after contacting lenders. All of the above steps happen Online within the extra limited time.
- Once you are confirmed for a loan agreement, then you have an amount in your account between £50 – £3000. Most probably; within 15 minutes.
Late Repayments will Cause Complicated Problems
When you are going to take these fast payment loans, it is strongly advised that you have to determine whether you are capable of giving back or not. You can do it by calculating your monthly income and see what’s left after regular costs.
Unluckily, if you are not able to repay payments on time you chose in agreement, you can be charged with a high amount of default fees, which will be more then £15. Also, this implies a bad impact on your credit record. Thus, it is necessary to think before accepting a lenders application.
Read carefully all the terms and conditions. Remember, repayment instalment is always larger than the total loan amount because of interest charges added.
Quick Quid also offer bad credit instant loan. It never has some hidden costs or they will never charge any amount of additional charges in the future.
How much can you borrow from QuickQuid?
New customers can apply for up to £1000 and a returning QuickQuid customer can apply for up to £1500.
How can you use Quick Quid Instant Payday Loan
These loans are not meant for long-term solutions and can’t be taken for emergencies rather they should only be used as solutions for momentary money issues.
Bottom Line
Their additional features like: the online account management for the loan and the view of extensions make these loans worth researching, however, check other options too as there are cheaper lenders with better customer reviews and rating.
Lisa is a passionate travelers. She spends 3 months every year visiting different places worldwide. She has visited almost every famous place in the world. She herself is an affiliate blogger
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