QuickQuid Review

What Is QuickQuid?

QuickQuid is a UK-based payday loan provider that offers fast loans to people who need quick cash for emergency expenses. These types of loans are designed for short-term use—think unexpected car repairs, medical bills, or a gap between paydays.

Originally launched in 2007, QuickQuid became a household name across the UK. However, the company shut down in 2019 after a surge in customer complaints led to increased regulatory scrutiny from the Financial Conduct Authority (FCA).

But that wasn’t the end of QuickQuid. In 2023, the brand was revived by Quick Loans Ltd, a UK lender that bought the name and reintroduced the site with new, stricter lending policies designed to meet today’s compliance standards. The relaunch aims to give UK borrowers a more responsible, transparent, and user-friendly payday loan experience.

How QuickQuid Works

Here’s a step-by-step look at how you can apply for a loan with QuickQuid:

1. Online Application: Visit QuickQuid and fill out a loan application form.
   
2. Instant Decision: The site uses automatic checks to determine if you qualify.
   
3. Quick Payout: If approved, you could get your money within 10 minutes (depending on your bank).
   
4. Repayments: Repay the loan over 1 to 12 months, depending on what you choose.

Loan Terms and Key Stats

Feature	QuickQuid	UK Payday Loan Average
Loan Amount	£100 – £1,500 (up to £2,000 for returning customers)	£100 – £1,000
Repayment Term	1 – 12 months	1 – 6 months
Typical APR	49.9% – 102.5%	1,200%+ (some lenders)
Funds Transfer	As little as 10 minutes	15 minutes to 1 hour

As you can see, QuickQuid’s new ownership has focused on keeping interest rates more reasonable than some older payday lenders that had APR rates above 1,000%.

Customer Experience and Transparency

One of the biggest issues people had with the original QuickQuid was the lack of clarity in loan terms and difficulty with customer service. The relaunched version has made big improvements:

• Clear repayment schedules
  
• No hidden fees
  
• FCA-compliant practices
  
• Free financial guidance for customers in hardship
  

I went through their application simulator, and I appreciated that it showed me exactly how much I’d repay before I even submitted anything.

QuickQuid in Numbers

To give you a visual idea of how QuickQuid compares with traditional payday lenders, here’s a description of a comparison bar chart (as we had planned to generate):

📊 QuickQuid vs. Typical UK Payday Loans (Visual Breakdown)

• Loan Amounts: QuickQuid allows up to £2,000, while most payday lenders cap around £1,000.
  
• Repayment Terms: Up to 12 months with QuickQuid, compared to 1 month with others.
  
• Interest Rates (APR): QuickQuid’s APR can be as low as 49.9%, while many payday lenders exceed 1000% APR.
  
• Payout Speed: Both offer fast payouts, but QuickQuid typically processes funds in 10 minutes or less.

The UK Payday Loan Landscape: Key Stats

• Over 3 million payday loans were issued in the UK in 2018 alone (source: FCA).
  
• 75% of payday loan users take out more than one loan per year.
  
• 20% of borrowers miss at least one repayment.
  
• Average loan amount: £250
  
• Most common loan users: Aged 25–34, working full-time, with limited credit history.

QuickQuid is trying to change these trends by encouraging longer repayment terms and lowering interest rates—something I respect as someone who works to connect people with responsible loan options.

Why People Use QuickQuid

Here are the top reasons people choose QuickQuid:

• Fast Application: Less than 5 minutes to apply.
  
• Quick Funds: Money in your bank the same day.
  
• Longer Terms: More flexible than one-month payday loans.
  
• Simple Website: Easy to understand without financial jargon.

Is QuickQuid Safe and Legit?

Yes, the new QuickQuid operates under Quick Loans Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA). That means they must follow strict rules to protect borrowers, including:

• Providing all terms in plain English.
• Ensuring you can afford the loan.
• Offering help if you fall behind on payments.
  

Things to Keep in Mind

While QuickQuid offers many benefits, payday loans should always be used carefully. They’re designed for emergencies, not everyday spending. If you’re considering a loan:

• Make sure you have a repayment plan.
• Always check the total repayment.
• Never borrow more than you need.
  

How QuickQuid Compares to Ready Payday Loans

As someone from Ready Payday Loans, I’ve seen firsthand how important it is to have flexibility, fast approval, and fair terms.

Here’s how our service stacks up:

Feature	QuickQuid	Ready Payday Loans
Loan Type	Direct Lender	Loan Matching Service
Cost	Fixed by lender	Free for users
Approval Time	Within minutes	Often instant
Credit Flexibility	Moderate	Fixed by the lender
Repayment Terms	1 – 12 months	Varies by lender (1 – 24 months)
Application Cost	Free	Free

At Ready Payday Loans, we don’t lend directly, but we match you with lenders that suit your credit profile, income, and needs. This means you’re more likely to find a loan with better terms or a lower rate—even if your credit isn’t perfect.

My Final Thoughts

QuickQuid’s return to the UK market is a welcome sign that some payday lenders are trying to do better. They’re offering longer repayment periods, more transparency, and faster service than many older-style payday lenders. If you’re in a pinch and need money quickly, they’re a reliable option.

That said, it’s always wise to compare lenders. Just because one company approves you doesn’t mean it’s the best offer available. Take a few extra minutes to shop around—it can save you a lot of money in the long run.

My Recommendation – Ready Payday Loans

As someone who works at Ready Payday Loans, I believe we’re a great alternative to QuickQuid. If you want a loan service that’s 100% free to use, connects you with flexible lenders, and works with borrowers of all credit types, we’re here to help.

I’ve seen people get funds the same day, even with credit challenges, and we work hard to provide a smooth and supportive process. So if you’re shopping around or just want to compare offers, give us a try. You’ll be surprised how fast and easy it is.