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QuickQuid Loans | Reviews

QuickQuid Loans

About QuickQuid Loans (Closed = Further Details to Follow Soon)

QuickQuid is the UK’s biggest payday lender with a 1.4 million customer base (not all active) and a commanding #1 Alexa traffic ranking. They had for many years trailed Wonga, but this changed in August 2018 when Wonga’s UK arm entered administration due to a surge in compensation claims. Other key past rivals like PaydayUK and WageDayAdvance also closed their businesses. Closures like this have eased QuickQuid’s pathway, but you have to remember that this is an experienced outfit in operation since 2007 with excellent visibility via TV ads and web promotion. This company was brought to life by U.S giant Cash America International. Ownership has however been passed on to Enova who were a past division of Cash America.

Enova also trades locally as On Stride Financial. Pounds to Pocket was Enova’s major side project, but this was recently closed and merged with Stride. QuickQuid’s product hasn’t changed much over time. Many payday firms switched to instalments when capping came into force, but QQ was already kind of crossed over in offering either a 1, 2 or 3 monthly repayment. Unfortunately, you’re paying either double or triple the monthly cost, whereas elsewhere for longer terms you typically pay reduced interest. This lender was also originally a 24/7 operation before cutting back (still 7/7). Pricing is set against the cap, but first time borrowers can receive a small discount via QuickQuid’s promo code as detailed below.

Company Details

Address: PO Box 74347, London, EC1P 1YZ

Brand: QuickQuid (aka: QQ, Quick Quid)

Company: CashEuroNet UK Llc (subsidiary of Enova International Inc)

Contact (📧):

Contact (☎): 0800 056 1515

FCA Licence: 673738

Launched: 2007

Niche: Payday, instalment

Opening Hours: Mon/Fri (8am-9pm), Sat/Sun (10am-6.30pm)

Related Brands: On Stride Financial

Site Address:

Site Rank (Alexa UK): #13,595

Product Specs

Amounts Available: £50 to £1000 (£1500 on reloans)

Late Payment Fee: £15

Login Provided: Yes

Pricing: £24 /£100 (1m) & £216 /£300 (3m)

Pricing with Promo Code: £22.80 /£100 (1m) & £205.20 /£300 (3m)

*For the promo code, enter QQ5S. For new customers only

Repayment Terms: 1 to 3 months

Review Feedback

Feefo: Not listed

Reviews: 81% (2050+ count)

Trustpilot: 11% (490+ count)

Rivals & Similar Lenders Like QuickQuid

As was noted above, PaydayUK, WageDayAdvance and Wonga are now out of the picture. Based on current data, PiggyBank and SafetyNet Credit are now generally QQ’s biggest rivals. 247Moneybox is also competitive in this niche. Of those noted, SafetyNet is the ideal alternative. Once you’re approved there you can request funds 24/7 and borrow for the term you’d like. QuickQuid’s standard prices are matched against the cap. This changes slightly with the promo for newcomers when £100 monthly costs £22.80. For an improved deal, you could check out the likes of Sunshine Credit (£12), Fernovo (£15) or WeLendUs (£17.95). You can receive much cheaper prices elsewhere for the 3 month term that wouldn’t be advisable.

Last Check @ February 13th, 2020

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