Quick Quid Loans

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Darlo_G
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Quick Quid Loans

Post by Darlo_G » Thu Dec 31, 2009 5:24 pm

Seen an advert on TV for Quick Quid loans the other day. It states that the APR is 2246%. So on £500, you could be paying back something like £950!

Can't beleive that anybody would take out a loan with such ridiculous rates!

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DIRTYDAVE
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Re: Quick Quid Loans

Post by DIRTYDAVE » Thu Dec 31, 2009 5:41 pm

yep it is shocking how much they want back but if your in real need of fast money !

Darlo_Pete
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Re: Quick Quid Loans

Post by Darlo_Pete » Thu Dec 31, 2009 5:44 pm

What TV company allowed such an advert to be sown on its channel?

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Darlo_Fanatic
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Re: Quick Quid Loans

Post by Darlo_Fanatic » Thu Dec 31, 2009 6:08 pm

Your loan's finance charge will be between £10 to £14.75 per £50 borrowed per pay period. :shock:
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ShrewsX
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Re: Quick Quid Loans

Post by ShrewsX » Thu Dec 31, 2009 9:23 pm

There are always people stupid or desperate enough to fall for things like this. No doubt the same people who are sending potentially valuable gold jewellry to a faceless PO BOX rather than getting it professionally valued at a jewellers.

My lass inherited a gold necklace that she has never worn (nor never likely to), and she took it to a few local jewellers and was quoted anything from £250 to £360. Out of curiousity we looked at one of the gold sites, who offered a 'Provisional £130, dependant on quality and condition'

Quickquid, is just a legal loan shark, with a flashy advert. I just love the 'we are not a long term finance solution' disclaimer.



Shrews
Season 2009/10 - They think its all over.... It is now. Darlo FC, Blue Square Premier 2010/11

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gabbas
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Re: Quick Quid Loans

Post by gabbas » Sat Jan 02, 2010 9:46 am

The difference is they allow you to get one of these without checking your credit score, thus giving people with poor credit ratings to get themselves even in more trouble.

As mentioned these so called businesses are nothing more than loan sharks.

Unfortunately they must have customers to continue to operate and be making a mint as well.

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