This post is Part 2 of the 16 Part Mini Series which
reviews the best short term loans in the United Kingdom. I receive a high
volume of emails from the readers of the Millionaires Giving Money Blog enquiring
about the most reliable pay day companies around. After responding to a handful
of these emails I was inspired to review the 16 best payday loans in the United
Kingdom. Before you take out a short term loan it is important to understand
the consequences of missing a payment.
In the unfortunate event you miss a
payment your loan might be automatically extended and you will be liable to pay
more interest and charges. Late payments will also have an impact on your
credit score and will be reflected in your credit file. Failure to pay off the
loan will result in repossession action being taken. So without further ado
here is review number 2 of the best short term loans in the UK.
Review 2: Best Short Term Loan UK – QuickQuid.co.uk
QuickQuid is regulated by the Financial Conduct Authority
and is one of the fastest pay day loan companies in the UK. QuickQuid.co.uk send
cash direct to your bank account within 10 minutes of approval and have helped
over 500,000 UK citizens to bridge the gap between paydays.
QuickQuid.co.uk offer cash advances and pay day loans to
all customers in the United Kingdom. You can apply for a pay day loan 24 hours
per day 7 days per week and get cash sent within 10 minutes of approval.
QuickQuid boasts no hidden fees and round the clock customer service.
QuickQuid.co.uk is a responsible lender and always run
full consumer credit checks before they lend out any money. The pay day loan
service offered will state how much your loan will cost and how long you have
to make the payment. There are no hidden charges and you will not pay more than
you should. You can also change your mind within 24 hours at no extra cost.
Example of QuickQuid.co.uk Payday Loans
QuickQuid.co.uk has an APR representative of 1,999% and
you can borrow anything between £100 and £1000 over a maximum term of 3 months.
If you borrow £100 over 31 days you will
repay £129.50 in total. At the time of writing this review you can use the
promotional code MONEY30 to save 30% on your initial interest rate on your
first pay day loan.
The APR representative is 1,999% and is worked out as
follows. When you borrow £200 over 31 day period at a rate of £47% Per Annum
you will repay £183.49 which includes a £5.50 transfer fee.
Short Term Loans in the UK
QuickQuid is regulated by the Financial Conduct Authority and prides itself on responsible lending by checking the credit for every customer. QuickQuid regularly offer promotional codes to save anything between 10% and 50% on interest charges. In my opinion QuickQuid is one of the best short term loan companies in the UK and are worth considering to bridge the gap between paydays.
Thanks for sharing these ideas. Short-term loans are fast! It takes just minutes to apply for these loans and then you get an approval within a few more minutes. These loans are deposited quickly into your checking account, usually within a day and sometimes within two hours. If time is of the essence, an Installment Loan is the thing for you. You can visit this page to check for more info.
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