Does QuickQuid still exist?
QuickQuid, as the trading name of CashEuroNet UK LLC, no longer exists; however, in 2023, the brand name QuickQuid was taken over by Quick Loans Ltd.
CashEuroNet UK LLC no longer has any affiliation with QuickQuid.
The QuickQuid owned by Quick Loans Ltd is an active credit intermediary, not a direct lender.
Who was QuickQuid?
QuickQuid was a trading name of CashEuroNet UK LLC, and was considered to be one of the UK’s ‘Big Three’ payday lenders.
Did QuickQuid go bust?
Yes. Affordability complaints started to mount up in 2015, and by 2018, QuickQuid had become the Financial Ombudsman’s most complained-about company.
CashEuroNet, and each of its trading names – QuickQuid, Pounds To Pocket, and On Stride – went into administration on October 25, 2019.
What were QuickQuid’s customer reviews like?
At the time of entering into administration in 2019, QuickQuid had a Trustpilot score of 1.6./5 and was rated ‘bad.’
If you’re looking for a QuickQuid loans alternative, CashLady could help. CashLady uses just one soft search to scan our large panel of lenders for a suitable loan.
Fill out our five-minute online form today and get a personalised loan quote in just 60 seconds with no impact on your credit score.*
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What’s happening with QuickQuid?
The administrators, Grant Thornton, stopped collecting money from outstanding QuickQuid loans in 2021, and over 300,000 loans were sold to Lantern. If your loan was sold, you should have been updated at the time.
Can I make a claim against QuickQuid?
The deadline for submitting a claim against QuickQuid was February 14, 2021.
The administrators stated that the upheld claim value was £136million, which equated to an average of £1,700 per claim.
Quick Loans Ltd, currently trading as QuickQuid, states the following:
“Unfortunately, we cannot address any complaints falling outside the scope of the point when QuickQuid.co.uk was added as a trading name to our FCA permissions in April 2023.”
Alternatives to QuickQuid loans: the CashLady eligibility criteria
You can search for a QuickQuid alternative loan with CashLady if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account and valid debit card; and
- Have a regular source of income paid into your bank account.
What sort of loans can CashLady search for?
The lenders on the CashLady panel offer short-term, personal loans between £100 and £10,000. Depending on the amount of money you’re approved to borrow, you could repay your loan over a term of 3 to 60 months.
CashLady does not work with any payday loan lenders.
Why choose CashLady as your QuickQuid alternative?
- Trust: CashLady only works with lenders who are authorised and regulated by the FCA. All the lenders on our panel are active and considering applications from a range of credit scores.
- Diversity: from bad to excellent, any credit score considered.
- Reliability: our credit broking service is available 24 hours a day, 7 days a week.
- Straightforward: our online form takes just 5 minutes to complete, and we can reveal whether you’ve been matched with a loan in 60 seconds.
- Transparency: CashLady does not charge any fees. Our credit broking service is completely free to use.
- No pressure: no-obligation quote.
- Efficient: if approved for a loan, your money could be sent the same day.**
Are short-term loans better than payday loans?
Financial needs differ between borrowers, and what could be considered a ‘better’ loan for one person won’t necessarily be the best solution for another.
A payday loan must generally be repaid in full within a month, while a short-term loan comes with a range of repayment terms, which allows you to spread the cost.
Due to changes in regulations set by the Financial Conduct Authority (FCA), payday loan options could be somewhat limited these days, and you might find a greater variety of short-term loans.
What to do if you’re worried about money
Taken out a loan that you can no longer afford to repay? In this situation, it’s important to be open and honest with your lender. If you’re struggling with your repayments, get in touch with your lender as soon as you can so that they can work with you to explore ways to ease the pressure and get your finances back on track.
Free advice on a range of money and debt topics can be accessed from StepChange, MoneyHelper, Citizens Advice, and National Debtline.
*If you’re matched with a loan through CashLady and you choose to make a full application directly with the lender, a creditworthiness assessment will be carried out. This will include a hard search or Open Banking. Please be aware that a hard search will be visible on your credit file for up to 12 months, and multiple hard searches in a short period of time will damage your credit score.
**Payout time scales vary between lenders. The time it takes for the money to become available in your account will depend on your bank’s policies and procedures.
CashLady Representative 79.5% APR