QuickQuid.co.uk

[Uter]

Just saw an advert for this loan company which I had never previously been aware of. Average APR 2356%. I assumed they had missed a decimal point, but no it really is 2356%, not 23.56%

Pretty shameless exploitation of the poor, stupid and desperate IMO. Bring back usury laws.

 

[severnside gull]

Jeez

That is a disgrace

 

[mcshane in the 79th]

Have read of the explanations on here:

http://www.northstandchat.com.php5-.../showthread.php?t=163808&highlight=quick+quid

 

[Acker79]

I think this was covered on here a while back. It's set up mainly for short term loans, i.e. need money to cover the mortgage this month because it's due two days before pay day. If you pay back quickly you don't pay that much interest.

 

[turienzo's lovechild]

its basically designed for a short term loan to cover bills or whatever until pay day

i think they got in loads of trouble a while back for not explaining the process to people well enough/not doing proper checks etc.

i'd strongly advise against it! glorified loan sharks surely?

 

[Shropshire Seagull]

QuickQuid - surely that should be QuickDebt ??

 

[CHAPPERS]

They serve a purpose though innit.