QuickQuid Loan Alternative
If you’re looking for a QuickQuid alternative, we at PM Loans could be an ideal QuickQuid loan alternative for you. With the news that QuickQuid has gone into administration, finding a new payday loan provider can be difficult. That’s natural and we at PM Loans are here to help you come to a decision. We’re here to show you that we’re a loan provider that you can trust.
What happened to QuickQuid? Why did they close?
QuickQuid was one of the biggest payday loan lenders in the UK until it closed in 2019. They went into administration and are no longer accepting new loan applications. Today, many consumers are still searching online using “QuickQuid loans” or even “loans like QuickQuid”. But, there is a new alternative to lending and that’s us – PM Loans.
Who are PM Loans?
At PM Loans, we are a direct lender and a broker who focus on assisting people with bad credit, however, all credit histories are welcome too. We offer payday loans with the same fast payout and flexible repayments terms as QuickQuid. If you require a payday loan then you have found the right place. Our process is quick and very straight forward. Generally, most applicants can borrow between £50 to £1,500 and have the funds in their bank account within a few hours.
How are QuickQuid and PM Loans different?
The biggest difference between PM Loans and QuickQuid is flexible repayment options. For example, QuickQuid has 3 repayment options. Their customers must fit into one of their 3 repayment schemes, which in some cases, might make repayment difficult as every customer has different salary pay dates.
With PM Loans, you can pay back in 1 month or up to 12 months. We understand that every customer has different life circumstances, hence we offer far more flexibility on how our customers choose to repay their loan.
Am I eligible for a loan with PM Loans?
Applying for a loan is simple and easy. However, to increase your chances of getting a short term loan, you should check if you’re eligible beforehand. You must meet these requirements to be eligible for a loan from PM Loans:
- You must be a UK resident
- Should be at least 18 years of age or older
- Hold a UK bank or building society account with a valid debit card
- Have a working mobile phone & email address
Our online application process is available 24/7 and in most cases, you will be notified if you are eligible for a loan instantly.