Quick Quid

What you need to know:

Quick Quid is one of the largest Payday Lenders in the UK and is a subsidiary of CashEuroNet. Quick Quid are one of the most trusted online lenders and have one of the highest thresholds in terms of total amount that can be borrowed – new customers can receive up to £1,000 while existing customers can potentially borrow up to the threshold of £1,500. Quick Quid can offer same day funding providing you post your application the same day.

Criteria:

When you first apply to Quick Quid you will allocated to one of three tiers depending on your employment history, credit score and loan repayment history – these three tiers are defined as “excellent”, “good” or “average”. The amount you can borrow will depend largely on what tier you’re assigned to. Your tier will also influence hwo much you are due to repay on the amount borrowed.

Existing customer can move up tiers once they begin to borrow more regularly from Quick Quid. It stands to reason that providing you can mark yourself out as a trusted borrower then you can stand to benefit from a reduced interest rate charge. Quick Quid’s charges are relatively high for “average” borrowers (£14.75 on every £50 borrowed).

Customer Service and Complaints:

When it comes to customer reviews, Quick Quid receives a fairly positive reaction from most consumers. Please read the user reviews section on this page for more information on our visitors experiences with Quick Quid.

Overall:

Quick Quid is one of the best lenders online, customer approval rate is relatively high and there a good lender to opt for if you need more than the standard allotted amount of cash. The main thing to watch out for is the interest charges which can be prohibitive for first-time or “average” borrower.