QuickQuid Alternative By My Quick loan
As you might have seen in the news last year, Quickquid, one of the largest payday loan companies in the UK has gone into administration on the 25th October 2019.
So what does this mean for you?
Well if you used Quick quid as your main payday loan lender, Hopefully, My Quick Loan can offer an alternative for your quick loan.
We have also done a short FAQ guide to help you understand more.
How does My Quick Loan work?
Applying through My Quick Loan is slightly different than applying through a direct lender. With My Quick Loan, your application will be seen by around 40+ FCA (Financial Conduct Authority) approved lenders in the UK, by using software that automatically matches you to the best loan available to your circumstances. This is done by finding a lender that is willing to borrow to you, that also offers the lowest amount of interest.
We can help customers borrow up to from £100 to £5,000 for over 5 years.
We are an introducer and not a direct lender. We are Authorised and regulated by the Financial Conduct Authority through T DOT UK
Here are some of the frequently asked questions regarding Quick quid loans.
Quickquid has gone into administration, do I still need to pay my loan back?
Yes, you will still need to pay back your loan. You can do so by logging into your account on their website.
Are there any companies similar to Quickquid?
Yes, My Quick Loan will be able to help you find the required short term loan you are looking for.
Why did Quick Quid go into Administration?
The main reason why CashEuroNet the owners of Quick Quid Loans went into administration was that they had a surge of payday loan compensation claims against them since the FCA tightened all the payday loan regulations.
Here you’ll find all the latest news surrounding Quickquid Loans.
28th October 2019 – BBC
Quickquid victims promised easy compensation scheme.
Read the full story here – https://news.google.com/articles/CBMiLGh0dHBzOi8vd3d3LmJiYy5jby51ay9uZXdzL2J1c2luZXNzLTUwMjA2Mzkz0gEwaHR0cHM6Ly93d3cuYmJjLmNvLnVrL25ld3MvYW1wL2J1c2luZXNzLTUwMjA2Mzkz?hl=en-GB&gl=GB&ceid=GB%3Aen
26th October 2019 – MoneySavingExpert
For the full guide on what you need to know about the administration and what you need to do with your outstanding loans see the Money Saving Expert
25th October 2019 – The Independent
Independent Newspaper broke the story regarding the administration of CashEuroNet.