QuickQuid Loans Alternative
QuickQuid loans are no longer offering loans to new or existing customers and have ceased trading
Were you worried about the potential collapse of QuickQuid, Britains biggest payday lender? Don’t worry, if you are looking for a safe alternative for your short term or payday loan try us here at LoanPig, or, if you just looking for a short term loan or a QuickQuid loan alternative but you’re not sure where to turn? Here at LoanPig, we can provide you with all of the help that you need.
Frequently Asked Questions
Who are QuickQuid?
QuickQuid was one of the leading direct lenders in the UK. However, QuickQuid has now gone into administration and are no longer lending to anyone.
Are QuickQuid still lending?
Unfortunately, they are not. QuickQuid went into administration at the end of 2019. They are currently not lending to any individuals or accepting any new loan applications.
How do I repay my loan now QuickQuid have gone into administration?
You can either choose between CPA (Continuous Payment Authority) and Direct Debit. Both payment types are taken automatically from your bank on an agreed date.
What are the Alternatives?
Doing your research, and looking at all of the different options that you have available can help you to make the right decision. Whether you’re looking for a QuickQuid loan, a short term loan or a payday loan you’re simply searching for a range of different options before you make your decision, applying for a loan with LoanPig means you can be sure to find all of the options that you need to make the right decision right here.
How Does LoanPig Work As A QuickQuid Alternative?
LoanPig are a direct short term loan lender and a broker, using a small panel of lenders. This allows us to provide huge levels of flexibility and we have one of the highest acceptance rates on the market.
Due to the saturated market when it comes to short term loans, it can often be difficult to know who to turn to when you’re facing a financial emergency.
Here at LoanPig, we can do all of the hard work for you. All you have to do is use our online loan calculator to choose how much you want to borrow and the length of time in months.
Complete our quick and simple application process and we will match you with a loan that is right for you form our panel of some of the UK’s leading lenders.
How Flexible Are Loans Like QuickQuid?
QuickQuid loans provide flexible options when it comes to how much you want to borrow and your repayment period. Their customers are offered a period of one to three months to pay off the loan which can be extremely helpful when it comes to emergency loans but you might need longer.
Flexibility is important when it comes to a facing a financial emergency, and that’s why here at LoanPig we offer loans from 3 to 12 months.
You can borrow between £50 and £1000 with a loan from QuickQuid whereas LoanPig has a slightly wider borrowing range of £100 – £1500
LoanPig vs. QuickQuid Loans
There are a number of differences between LoanPig and QuickQuid payday and short term loans. The major difference is that QuickQuid are a direct lender, whereas LoanPig are a direct lender as well as a broker, which gives you the best of both worlds when looking for that short term funding you need. However, we are both approved and regulated by the Financial Conduct Authority, meaning we are safe and reliable lenders.
Payday Loan APR
Because we also use a panel of lenders, all of whom operate with different levels of APR, we provide a representative APR example on our online loan calculator. This Representative APR can range from 200% to 1261%, a competitive market rate, which is what you want from a quickquid loan alternative. The APR representative at QuickQuid however is 1300.5%.
Please note however, that representative APR although accurate is not always a good measure of the cost of a loan. There are other factors such as extra charges and fees so always read the small print.
Repayment Periods
The repayment periods offered by LoanPig and QuickQuid loans also differ dramatically. As previously mentioned, LoanPig offer loan repayment periods of 3 – 12 months, but our loan periods 3 months & 6 months are the most popular, which is a more flexible length of time offered by QuickQuid who only offer a 3 month repayment loan period.
While loans like QuickQuid can be exceptionally helpful when it comes to short term borrowing, the flexibility provided by LoanPig can help to ensure that your repayments are more manageable than ever, helping to ensure that you do not fall into any trouble as a result of our payday loans. This is all a part of our responsible lending practices
Quick Applications for Alternative loans
We pride ourselves on providing you with a quick and simple application process. QuickQuid will also offer a quick application process, as this is standard practice in the payday loans and short term loans industry.
They aim to process your application within 30 minutes, and the funds will be sent to your bank account within 10 minutes of approval as long as your loan is approved by 2.30pm on that day. With LoanPig however, you have a little bit more time as our cut off for same day bank transfers is 3pm.
Responsible Lending
LoanPig are FCA approved just as QuickQuid are, and for good reason. This means that they are regulated and will also practice responsible lending, which puts the customer first in every scenario. Make sure you choose an FCA approved lender when you look for your quickquid loan alternative.
Here at LoanPig, we also pride ourselves on being a responsible lender. This means that you are always in the safest of hands when it comes to finding loans like QuickQuid, with the help of a lender/broker like LoanPig.
Why Choose LoanPig as an Alternative loan provider?
Here at LoanPig, our customers are our first priority, and we will do everything that we can to help you with your financial emergency. We understand that when facing a money problem, you’re going to need cash fast, and so aim to have your money with you on the same day.
If we can’t help you out with a loan ourselves as short term loan direct lenders, we’ll help you out further by trying one of our many lenders and financial service providers, so you have far more choice and more flexibility when it comes to how much you want to borrow and how long for.
No matter what you’re looking for, you can be sure that you can rely on LoanPig. Visit our FAQs, or get in touch with a member of our expert team online today!
Conclusion
One of the biggest reasons people get caught up in recurring debt in relation to payday loans and short term loans is because they are borrowing more than they can afford.
It’s now up to you. We believe that LoanPig offer an excellent alternative to Quickquid loans. We are a trusted payday direct lender and broker offering quick loans between £100 and £1500.
As an online lender, our process is quick and smooth which means you can get funded in as little as 1 hour after applying, if approved of course. Our services have already helped thousands of people across the UK, some of which had bad credit! Apply now with a new responsible lender
Please note : LoanPig or any of its subsidiaries are in no way connected to QuickQuid or any of its subsidiaries. The article above represents a factual comparison to a QuickQuid loan. If you apply for a loan on the LoanPig website, you are applying for a short term loan with LoanPig and it’s panel of lenders, not QuickQuid