Your Responsible QuickQuid Alternative
Payday lender QuickQuid has fallen into administration and can no longer provide you with a loan. We offer a responsible alternative to a traditional payday loan, which allows borrowers to repay loans they can afford over a number of monthly instalments.
Are you looking for a quick quid? Here at Moneyboat, we offer competitive loan terms and options, as well as key advice for personalised payday loans. Apply now with Moneyboat, an FCA-registered direct lender. At Moneyboat we believe that whatever your reasons for needing a loan, you should compare what’s available on the market and choose the best option for your circumstances.
When considering the short term loan providers out there, it’s important to get the facts right from the start.
What’s a quickquid all about?
Sometimes we all need access to cash, and fast. Some of us are lucky enough to be able to dip into savings when our car breaks down, while others may need to access a short term loan to help cover essential costs. QuickQuid was a popular lender of payday loans, but it also found itself in deep water when it came to irresponsible lending. Here at Moneyboat, we provide fair and affordable loans to borrowers who need fast cash to cover unexpected costs.
QuickQuid, like many other traditional payday lenders, collapsed as a result of the sheer number of their customers claiming compensation for being sold loans they could not afford to repay. As a responsible short-term lender, Moneyboat ensures that we carry out full affordability checks on our borrowers, only lending to those who have the financial means to meet the repayment plan agreed.
Looking for Quickquid or Quick Quid?
As mentioned before, chances are that you reached us by typing ‘quid’, ‘quick quid’, or quickquid into your search bar while looking for a payday loan. It’s understandable that you would want to obtain a QuickQuid loan. It was one of the most advertised companies in the UK’s lending industry and was, therefore, a well-known brand name.
In light of QuickQuid’s demise, it’s time to reassess the kind of loan you want to take out. The truth is, QuickQuid is just one of the latest in a line of old-fashioned payday lenders who have fallen foul of pressure from the Financial Conduct Authority and the Financial Ombudsman to clean up the industry.
Payday lenders who expect total repayment of loans on your next payday are operating unsustainably and often unfairly. We can offer you a safer, fairer alternative when you need access to a quick quid.
We think it’s a good idea to have many QuickQuid alternatives available so you can compare and decide which one suits you best.
Moneyboat – What makes us a fairer QuickQuid alternative?
- We offer you an opportunity for early payment with no penalties
- Customers are provided with all the relevant information in the simplest words possible
- Moneyboat allows you to pay in up to 6 instalments
- Our maximum loan amount is £1500 for returning customers
- Our maximum instalment duration is 45 days
- We give same day lending at no extra charge
- Our interest is capped well below the maximum allowed by the FCA
- We offer you a personal service and our employees are not only polite, but caring
- We have a representative APR of 939.5%
- New customers can receive a loan of up to £800
You talk, we listen
We understand that things can get a little tough. Sometimes your cash flow can reduce to no more than a trickle as payday approaches. There may have been a lot of little expenses over the course of the month that piled up and obliterated your reserves. Or maybe it was just one large, emergency payment that left you short.
If you apply online for a payday loan with us, upon approval we’ll send the funds directly into your account. This may give you the boost you need to keep you going until payday.
If you are struggling to repay your loan with us, speak to us as soon as possible so we can help you avoid a debt spiral.
What you need to know about credit
When you have bad credit, getting a loan, whether long term or short term, can be quite difficult. Your credit isn’t always bad because of things under your control. Sometimes, it may have been one bad incident that leads to another.
Of course, you will have plenty of options online from lenders that offer loans to borrowers with bad credit. However, this isn’t necessarily a good thing. For one, you’re probably not going to get good deals on these sites because of your bad credit. Many of them aren’t regulated by the FCA, leaving you vulnerable to irresponsible lending practices.
At Moneyboat, we understand that there is a lot more to our customers than their credit history. We don’t judge solely based on the information on your credit report. We will take into consideration a lot of different factors when determining your eligibility for a loan. This means that, even if you have bad credit, you could still be approved for a loan if you have a strong income or employment record, for example.
We won’t charge you to receive funds on the same day either. Coupled with our high rates of acceptance on our clients, this makes us a great QuickQuid alternative for you.
How safe is it to get a quick quid loan alternative from Moneyboat?
We’re a direct lender, fully registered and authorised by the FCA
When taking out loans online, we advise dealing only with companies who have been authorised by the FCA to lend money. The FCA has a strict set of rules regarding what a lender can and cannot do and the rules are made purely to protect you, the borrower.
Moneyboat is fully authorised for lending by the FCA, adhering to all of their terms and conditions, making us a safer QuickQuid alternative.
The terms of a loan from a responsible lender should be presented to you clearly on the company’s website. This is exactly what you get with Moneyboat. It’s also a good idea, as the borrower, to have a clear idea of what you want. Ask yourself:
- How much can I afford to repay?
- How much do I need to borrow?
- Is my income secure?
- How long will I need to repay the loan?
- Are there cheaper alternatives I could consider, like borrowing from family or friends?
You were looking for a loan from QuickQuid, but they have fallen into administration, so you may want to continue your online research. When looking for a lender online be sure to search for reviews so you can see what other borrowers have to say. By reading about other people’s experiences, you’ll be able to get the complete picture of what each company offers and what to expect when dealing with them.
While you’re conducting your search, you should also be sure only to stick to lenders who have been authorised by the FCA. This is your safest bet as you can rest assured your wellbeing will be protected.
Moneyboat is an FCA authorised money lender and we pride ourselves on being fair to all of our customers making us a great QuickQuid alternative. We have a well-trained and supportive customer care team that will hold your hand every step of the way, getting through any hurdles you might face during your loan application.
It must be said that even taking out a loan with a reliable lender can still bring money problems. Short term loans come with a relatively high-interest rate. so take this into consideration before making any loan choices or applications.
If you are seeking debt advice or would like to explore alternative options to keeping up with your finances then Moneyboat recommends visiting www.moneyhelper.org.uk.