Thursday, May 22, 2025
Mitmunk
  • Home Improvement
  • Finance
  • Lifestyle
  • Business
  • Seo Digital
  • Auto
  • Law
  • Health
  • Other
    • Travel
    • Outdoor
    • Fashion
    • Entertainment
    • Construction
    • Education
    • Tech
    • Pet
    • Real Estate
No Result
View All Result
  • Home Improvement
  • Finance
  • Lifestyle
  • Business
  • Seo Digital
  • Auto
  • Law
  • Health
  • Other
    • Travel
    • Outdoor
    • Fashion
    • Entertainment
    • Construction
    • Education
    • Tech
    • Pet
    • Real Estate
No Result
View All Result
MitMunk
No Result
View All Result
Home Business
How Common Is It for Men to Wear Perfume?

Is QuickQuid Still a Good Provider of Payday Loans?

Share on FacebookShare on Twitter

Over the years, payday loans have had their fair share of criticism. Yet, they can be a lifeline for people that need a short-term loan, and they can help you cope with unexpected expenses until your next salary cheque. One company that many people have heard of is QuickQuid. They were one of the most popular providers when it came to payday loans. So, if you are in a position where you could benefit from a short-term loan, this might be a company you are considering.

Well, there are a few things you should know about QuickQuid. One of them is that they are no longer a good provider of payday loans. Let’s go into detail about what we are talking about.

Table of Contents

  • What Happened to QuickQuid
  • Do Payday Loans Still Exist?
  • Tips for Choosing the Right Payday Loan
  • Pay Attention to the Interest
  • Choose the Right Instalment Duration
  • Select the Amount You Need

What Happened to QuickQuid

First, no that QuickQuid no longer exists when it comes to payday loans. So, if you have found a company claiming to be them on the internet, this is not going to be legitimate. The original company went into administration back in October 2019. This means that they can no longer give out loans, and you cannot use them if you are searching for financial help.

Indeed, QuickQuid did seem like a popular choice when it came to payday loans, which might be why you are trying to find them. They started operating in 2007, with many people in the UK wanting to use their services. However, in recent years, there have been many complaints about the company and it was found that they were offering unaffordable loans. As a result, they owed many refunds to customers, which led to them going into administration. This meant that the company would no longer be trading.

So, the answer is no. QuickQuid is no longer a good provider of payday loans. They are no longer in existence, and you cannot get a loan from them. But, this does not mean that you cannot get similar loans like this from other companies. Check out https://www.my-quickloan.co.uk/quickquid.html and you can see alternative providers that would consider giving you a loan. Again, they are a similar idea to QuickQuid, but they are more reliable.

Do Payday Loans Still Exist?

Now that you know that it is the end of QuickQuid, you might be asking; do payday loans still exist? The answer to this question is yes. You can still get payday loans, and they are available online from different providers. Instead, you might see them marketed as short-term loans. Generally, the idea is the same. They are designed to loan you a small amount of money that you need until you get paid. The repayment term is short, with them being a few months at most.

As we have mentioned, payday loans have often come under fire. They have acquired a bad reputation. But, many people benefit from having them and feel like they are able to deal with emergency payments and unexpected expenses using this type of loan. Of course, when it comes to any loan, you have to be careful and make sure you can stick to repayments, meeting them in full and on time. The same applies to payday loans.

Tips for Choosing the Right Payday Loan

Are you considering getting a payday loan and an alternative to QuickQuid? Here are some tips that will allow you to choose the right provider and loan that is best for you.

Pay Attention to the Interest

Note that interest on payday loans is typically higher than you will find for other types of loans. This is something to be expected. But, providers can also vary on how much interest they give you on the loan you want. This is something that you need to pay attention to, as it can add a significant amount to what you are paying. You need to know that you are able to afford and pay it back comfortably.

Choose the Right Instalment Duration

Short-term loans are typically only a few months. But, you will get to select the right instalment duration for the loan you are choosing. Think about this carefully and how many instalments you want. Remember you will pay less in interest with a shorter duration. But, you will have to be able to afford to pay it back quicker than having a longer duration. Work out your finances beforehand.

Select the Amount You Need

Think about how much you want to borrow in advance. There might be some providers that will give you more than you need. It can be tempting to take a higher amount. But, this is not recommended. Remember that there will be interested added to this. So, you are going to be paying a lot more back. Only select the amount you need to get the best deal.

Related Posts

What Fractional CFOs Mean for the Future of Freelance Business Strategy

What Fractional CFOs Mean for the Future of Freelance Business Strategy

by Emily Stevens
May 22, 2025
0

Freelance businesses have evolved from side projects into full-time, revenue-generating enterprises. Today’s freelancers are building brands, expanding into consultancy, and...

Maximizing Storage and Space: Why St. Louis Businesses Are Turning to Shipping Containers

Maximizing Storage and Space: Why St. Louis Businesses Are Turning to Shipping Containers

by Emily Stevens
May 22, 2025
0

In recent years, businesses and individuals in St. Louis have discovered a versatile and affordable solution to a wide variety...

Can Bankruptcy Affect Your Career? What You Need to Know

Can Bankruptcy Affect Your Career? What You Need to Know

by Emily Stevens
May 22, 2025
0

Facing bankruptcy can be one of the most challenging financial situations you may encounter. While it’s often seen as a...

POPULAR NEWS

Delores Miller Clark

Delores Miller Clark: Learn More about John List’s Ex-Wife

September 27, 2022
Lisa Seal Frigon

Lisa Seal Frigon: All about Drug Lord Barry Seal’s Daughter

September 18, 2022
Gweneth Gonzales Thomas

What You May Not Know About Gweneth Gonzales Thomas, Richard Thomas’ Daughter

August 2, 2022
Linnell S. Nobori

Linnell S. Nobori: All there is to Know about Ted Bessell’s Wife

September 5, 2022
Johanna Thiebaud

Johanna Thiebaud- All about Shania Twain’s Stepdaughter

May 23, 2022

EDITOR'S PICK

Six Tips for Selecting the Right Health Insurance Plan

Six Tips for Selecting the Right Health Insurance Plan

November 2, 2023
5 Reasons Why Siding Is Important for Your Home

5 Reasons Why Siding Is Important for Your Home

July 19, 2024
Everything You Need to Know About Refrigerated Incubators and Science Incubators

Everything You Need to Know About Refrigerated Incubators and Science Incubators

June 15, 2023
5 Things Traders Must Know Before Placing First Trade In Forex Market

5 Things Traders Must Know Before Placing First Trade In Forex Market

January 10, 2024
Contact Us: Info@mitmunk.com

© 2022 Mitmunk Theme Copyright

No Result
View All Result
  • Homepages
    • Home Page 1
  • Business
  • Entertainment
  • Fashion
  • Health
  • Lifestyle
  • Tech
  • Travel

© 2022 Mitmunk Theme Copyright