This provider has a good reputation across the UK; they regularly feature on television advertisements as Quick Quid is one of the biggest payday lenders within the UK. They are able to provide anything up to £1500 but only £1000 for new customers, therefore as you can see they are willing to provide quite a lot compared to many other payday loan lenders. Typically Quick Quid charge around £28/£29 per every hundred borrowed; therefore this isn’t a large amount especially if you borrow anything in the early hundreds. The APR is usually around 2278% and they do provide payment on the same day as when the loan was requested, however unlike some other providers they do require a credit check, but this doesn’t necessarily mean that you won’t secure a loan if your credit rating is low.
Quick Quid payday loans
Quick Quid place potential borrowers into different categories depending on loan scores, credit history and the type of employment the borrower is in. The amount you can borrow will be assessed by which category you fall, the categories are “excellent”, “good” and “average”. Therefore if you are ranked “excellent” you would have a good credit history for example, therefore you can borrow larger amounts than someone who is ranked “average”. Additionally it should be noted that whichever category you are placed in will influence how much you will have to pay back.
Get a fast loan from Quick Quid
Customers are able to progress into different categories, so once you borrow on a regular basis and pay back the loans with no major problems you can be classed as a reliable borrower, and once this happens you also have the benefit of a reduced interest rate.
Generally, Quick Quid is a respectable lender, they deal in a professional manner and they also reward loyal customers by reducing interest rates. Quick Quid also ensure through their criteria that borrowers shouldn’t have to struggle much with the repayments as the categories this company provides ensures that customers are placed in a reasonable position, so they don’t have a high obligation if they can’t afford to pay back the loan. They are a large organisation who operates largely online, therefore it is quite easy to secure a loan in good time and for you to also be assured that they are an honest and reliable company.