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.
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 designed to tide you over until your next payday to help you through short term financial hardship, or to cover any unexpected expenses. But there’s where the similarities with payday loans end.
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 trương mục 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.
Apply for Direct Payday Loans & Short Term Credit Today
Short term loans with a direct lender – borrow from £300 to £600 with QuidMarket loans
There are no guaranteed payday loans online. If you need a short term loan or a payday loan, then you may find that most payday loan direct lenders will run a credit check and look at your credit report or credit score. Many lenders will often decline applications for payday loans in the UK if you have a poor credit history. QuidMarket is a direct lender, not a credit broker, so we make the lending decision ourselves. We base our decision on an affordability assessment, among other things, so even if you have poor credit, our direct payday loan alternative may still be available to you. You can start your quick QuidMarket online loan application on the home page.
QuidMarket loans started back in 2011, and we are proud to help the hardworking people of the UK through short term financial problems, or to help with those unexpected bills. We are a short term loan direct lender with no broker fees. Operating online means we can keep our costs down, making our credit a more affordable alternative to direct payday loans for many people. Our interest rate is competitive, and we don’t charge any late payment fees like most payday loan direct lenders. Our application page is fully transparent letting you see how much you will repay each month on your short term loan or payday loans in the UK – there are no hidden costs or charges meaning what you see on the screen is what you will pay.
Compare short term loans with Clear And Fair.
Stagemount Ltd is our company name and we trade as QuidMarket, authorised and regulated by the Financial Conduct Authority (FCA) under license number 677995.