QuickQuid Loans Alternative
Looking for a QuickQuid loan? They're no longer lending, but don't worry, Lending Stream can help you cover urgent financial needs. Apply online and if approved, we'll send the cash to your bank within 90 seconds. We even consider people with bad credit.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Why choose Lending Stream as your QuickQuid Alternative?
Fast
Cash sent to your bank in under 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay in 6 monthly repayments. Pay early with no extra fees and save on interest.
Warning: Late repayment can cause you serious money
problems. For help go to moneyhelper.org.uk.
About QuickQuid Loans
QuickQuid Loans was a prominent name in the financial landscape, offering short-term lending solutions to individuals in need of quick and convenient financial assistance. As a notable player in the realm of payday loans, QuickQuid gained recognition for its accessibility and streamlined application process.
The simplicity of the application process, coupled with relatively fast approval times, made QuickQuid a go-to choice for those in need of a payday loan to bridge the gap until their next payday.
However, QuickQuid entered administration in 2019. While they may no longer be taking on customers, the demand for short-term financial solutions remains rife. Lending Stream offers loans in a different way from how QuickQuid used to. Our online loan applications are simple and with near-instant decisions, we're a better option than QuickQuid ever was. Plus, we're still open for business.
Is QuickQuid still trading?
No, QuickQuid are no longer trading. In 2019, QuickQuid (a trading name of CashEuroNet) went into administration and is no longer taking customers.
Despite QuickQuid no longer lending, there are other options out there and other ways to borrow money in an emergency. You can try Lending Stream. We're a QuickQuid loan alternative and you might find that our fair and affordable loans suit you better. We’re a fast and flexible approach to borrowing when you need it.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
What happened to QuickQuid?
In October 2019, QuickQuid, the UK's biggest payday lender went into administration. This decision was largely driven by a high number of compensation claims from customers who believed they had been mis-sold loans or charged unfair interest rates.
These claims were related to issues such as lending affordability checks and high-interest rates that could lead borrowers into cycles of debt.
As regulatory scrutiny increased in the payday lending industry, QuickQuid, like other similar payday lenders, came under scrutiny for its lending practices.
How is Lending Stream different from (or better than) QuickQuid loans?
While there are similarities between Lending Stream and QuickQuid, there are also differences that set us apart:
| Lending Stream | QuickQuid |
|---|---|
| Lending Stream follows responsible lending practices and affordability checks. We provide short term loans that are within the borrower's means to repay, with a focus on preventing borrowers from getting trapped in a cycle of debt. | QuickQuid gained recognition for its easy accessibility and quick application process. However, it faced criticism for its relatively high-interest rates and lending practices that some considered less transparent. |
| Lending Stream maintains a reputation for transparency in its lending processes, providing borrowers with flexible options and clear terms and conditions for loans. | QuickQuid faced regulatory challenges and customer complaints related to its lending practices, leading to its eventual administration. |
| Lending Stream offers loans for over 6 months. Repayments are the same each month and depending on your financial circumstances, you can make extra payments at any time to save on interest. In fact, if you want to pay off the whole balance early, you can – and you’ll save on interest! | Previously, when QuickQuid was lending, they offered one-month loans through to three-month loans, but this wasn’t as straightforward as it sounds. Instead of paying more of the loan off each month, you actually just paid the entire loan back on the last month, and you paid interest for the months before. |
| Lending Stream is still operating within the short-term lending industry. | QuickQuid entered administration in October 2019 and ceased trading. |
How to check my eligibility for a Lending Stream loan?
When you apply for a loan with Lending Stream, you must meet the following eligibility criteria:
- Be a UK resident
- Be at least 18 years old
- Have a valid debit card
- Have an active UK bank account
- Be in regular employment with a monthly income of at least £400
As a responsible lender, during our online application process, we might ask you for proof of your income to see if you can make repayments on time.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
How to apply for a loan with Lending Stream?
If it's your first time applying for a Lending Stream loan, you can apply for up to £800. Returning customers that have an account in good standing can apply for up to £1,500.
To apply for a loan with Lending Stream, complete the online application form and give us the following details:
- A few personal details
- The amount you want to borrow
- Your employment, salary, expenses, and banking details
Once we receive your application, we'll run credit and affordability checks on your profile. If you're approved, we'll send the short term loan terms and agreement for you to review and sign. This will include the total repayment period, monthly repayments, the representative APR, etc. If you are content and sign the agreement, we'll send the approved amount to your bank within 90 seconds.
Worried about applying with poor credit history? Don't be! We consider loans for individuals with bad credit. We understand that every financial situation is different and approach every customer with the care and individuality that they deserve.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Contact us - Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page. If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs - QuickQuid loan
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Who is the owner of QuickQuid?
QuickQuid was owned by CashEuroNet UK, which is a subsidiary of Enova, a publicly traded financial services company based in the United States.
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Do I have to pay back QuickQuid if I have a loan with them?
Although QuickQuid is not taking on any more customers, any outstanding loans are subject to FCA regulations.
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Does QuickQuid still exist?
QuickQuid no longer exists as an active lending company. The company entered administration in October 2019, which marked the end of its operations.
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Has QuickQuid gone bust?
Yes, QuickQuid stopped lending in October 2019. As a result, the company ceased trading, marking the end of its operations in the payday lending industry.
We don't offer loans under 60 days. We offer 6 or 12 month loans. The maximum repayment period is 12 months. Maximum APR 1721%.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk