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But there’s where the similarities with payday loans end

But there’s where the similarities with payday loans end

For more information about the application process, an eligibility guide and general company information, click on the ‘read more’ button below. If you still need more information about our alternative to payday loans, our FAQ pages answer a lot of the most common questions.

  • FCA Authorised
  • No Guarantor Required
  • Quick & Easy Application
  • Bad Credit Considered
  • Flexible Repayments
  • Same Day Cash Transfer
  • No Hidden Fees

Short Term Loans

Short term loans are designed to tide you over until your next payday to help you through short term financial hardship, or to https://paydayloansohio.net/cities/clarington/ cover any unexpected expenses.

QuidMarket short term loans are more flexible than payday loans, meaning you can choose the amount and repayment period that suits you. Borrow between ?300 and ?600 and pay it back in up to 6 monthly instalments. A projection of the monthly repayments will be displayed on the screen, allowing you to be sure you can afford to make the repayments before you sign the agreement. If our underwriters approve your loan, we will usually process it the same day wherever possible.

Short term loans are an expensive form of credit and are designed to help with short term money problems or unexpected expenses – if you think you are experiencing more long-term issues, rely on payday loans and short term loans regularly or need financial advice, please visit the Money Advice Group.

All Credit Considered

Traditionally, payday loan direct lenders will base their decision solely on your credit score – they use computers to process applications and if the numbers don’t match, you’ll be turned down for their payday loans in the UK. Here at QuidMarket, as a short term loan direct lender, we’re happy to consider ‘bad’ credit scores for our direct lender loans.

This is because we understand that the number on your credit report doesn’t always reflect your finances right now. Instead, we look at whether you can afford the short term loan you’ve applied for – it really is as simple as that! We’ll look at your income and regular outgoing payments, such as direct debits and credit card repayments, and ensure you’ll have plenty of money left for living expenses after your direct lender loan instalments each month.

We tend to find that with direct payday loans approved on an ‘affordability’ basis, we’re able to provide our direct lender loans more confidently. If you have any questions about how our assessment process for our short term loans works, get in touch with QuidMarket today.

Making an application for a QuidMarket short term loan is simple. To begin your application, click on the ‘Apply now’ button above.

We make it easy to find payday loans and short term loans that work with your budget. All you need to do is use the sliders above to find the best combination for you. We’re completely transparent at every stage, so as you use the sliders you’ll see exactly how much each instalment of your direct loans in the UK will cost, what you’ll pay in interest and the total amount you’ll repay overall. While this is an estimate and is subject to change pending on the outcome of your application, you’ll be given confirmation of the cost before you apply.

What’s more, provided you meet the lending criteria we process the application the same day wherever possible, meaning you can have the cash in your account when you need it most. All loan applications are handled by our specialist underwriters who abide by the rules and guidelines set out by the Financial Conduct Authority.