AUG 30, 2011 3:56 PM
QuickQuid payday loans have been growing in popularity thanks to their recent television ad campaign promising your money will be paid into your bank account within an hour of your loan being approved.
As well as a fast payout QuickQuid have an easy application process which only takes 5 minutes and there is nothing to fax or post to them. They are also happy to accept customers with a less than perfect credit score.
How Much Can You Borrow?
If you have never had a QuickQuid loan before they will lend you up to £1000 dependent of course, on your take home salary. Once you become a regular customer they can at their own discretion raise the amount to £1500.
This is where QuickQuid set themselves apart from the other payday lenders on the market. They have a 3 tier system which rewards their customers for paying repaying their loan on time.
Which tier you start on as a new customer will depend on your credit history and employment history. If and when you return in the future for another payday loan then your repayment history will also be taken into account.
The rates offered are as follows:
Most expensive rate you will pay in interest is £29.50 per £100 borrowed
The next best rating will pay £25 …