Quid Til Payday is a payday loan service that offers up to £750 of payroll advance in less than 24 hours. The Quid Til Payday program is offered through Credit Benefit Services, LLC.
There are eligibility requirements that are designed to protect the program from fraud. The rules are simple and straight-forward.
Applicants must be 18 years old or older. Applicants must have a current bank account with an active debit card. Applicants must be fully employed. Applicants must be a citizen of the UK.
Advantages of Quid Til Payday
The application process is online. Applicants can be approved instantly. Approved applicants can receive funding in less than one hour. This is a payday loan that is fast and convenient. Since the application is online, people can apply for payday loans in the privacy of their homes.
Payday loans through Quid Til Payday is an option available to everyone who meets the qualifications. The quality of the borrowers credit is not an issue. This means that as long as the qualifications are met people can borrow money.
The Cautionary Side of Borrowing Money
There is the old adage that nothing is ever free. This is very true of payday loan companies. While these companies offer fast service and Internet access, the interest rates charged can be very high. Some payday loan companies charge interest by the day.
Other payday loan companies charge interest by the week. There are some payday loan companies that charge a flat percentage of the amount that was borrowed.
The interest can add up fast. If a consumer borrows £750.00 and the interest rate is 1% per day then after seven days the consumer must repay an additional £52.50. <
If the consumer borrows 750.00 and the fee is 30% of the amount borrowed then the consumer must pay back an additional amount of £225.00.
Using a payday loan company on a regular basis can cost a small fortune. The idea behind these companies is to help people get through periods of negative cash flow. In some cases, the funds use may be for emergency repairs, etc. Many people however, have turned to payday loan companies as a constant source of managing money.
Quid Til Payday is not an exception within the payday loan market place. Consumers who use payday loans should consider the cost of interest before applying for a long.
One problem within the market is that interest rates are not always readily available for consumers to review.
The lack of information can make choosing a quality lender or broker difficult. One excellent tip is to try to find consumer reviews of payday loan companies.
Quid Til Payday has some nice customer satisfaction surveys available online. Many customers reinforced the fact that Quid Til Payday consistently delivered funds within an hour. Another key complement that consumers paid to Quid Til Payday is that the company is very reliable.
They seem to live up to what they promise. This is also a company that works well with consumers who really have bad credit. This is one of the top payday loan companies for UK citizens with bad credit.
Quid Til Payday is a broker that offers payday loans between £80.00 and £750.00. This is a company that lives up to the claims on its website. They offer and deliver funds within an hour to qualified applicants. This is also a company that is respected by its consumer base for being reliable.
Quid Til Payday is highly recommended by Internet reviews for people with bad credit. If a payday loan is needed, then this is the company to try.