QuickQuid - A Lender Summary and Alternative Loans
What is QuickQuid?
QuickQuid is a well-known name in the UK short-term lending market. The brand originally operated as a trading name of Cash EuroNet UK LLC, offering payday loans and short-term loans online, however the brand has since been adopted by Quick Loans Ltd. The current QuickQuid brand is no longer associated with Cash EuroNet.
Has QuickQuid Stopped Lending?
Yes and No. In 2019, the original company (Cash EuroNet UK LLC) went into administration, and QuickQuid stopped lending. However, in 2023, following regulatory changes in the UK, Quick Loans Ltd acquired the QuickQuid brand and relaunched it, once again offering short-term loans to UK consumers. So, QuickQuid did stop lending for a period of time (2019 to 2023) when Grant Thornton were appointed administrators of the parent company, but it is now operational again under a new owner.
What Happened to QuickQuid?
In October 2019, QuickQuid’s original parent company Cash EuroNet UK LLC went into administration along with its other trading names, Pounds to Pocket and Onstride. It is widely reported that the insolvency came as a result of a high number of compensation claims and complaints against the lender for unaffordable loans.
Between 2020 and 2022, previous QuickQuid customers were offered an opportunity to claim compensation for mis-sold loans by the company, but claims have now closed.
Then, in 2023, Quick Loans Ltd relaunched the QuickQuid brand but it is now trading as an intermediary rather than a direct lender.
Who to Contact About QuickQuid Complaints
The new brand and parent company Quick Loans are unable to address any complaints arising prior to the acquisition of the trading name in April 2023.
For complaints relating to pre-April 2023
- It’s now too late to submit a complaint or claim against mis-sold QuickQuid loans after the claims portal closed in 2021.
For complaints relating to any experience since relaunch:
- Email - support@quickquid.co.uk
Why Choose Cashasap.co.uk as a QuickQuid Alternative?
Cashasap.co.uk is an established UK direct lender providing short-term loans and payday loans online. While QuickQuid has returned under new ownership, cashasap.co.uk continues to offer a trusted, reliable and transparent lending service. The application process is straightforward and funds will typically be transferred on the same day following approval. Cashasap.co.uk loans are for eligible UK residents as an alternative to old QuickQuid loans for customers who still wish to deal directly with their lender.
Why you should choose us
Important: Borrow responsibly. Short-term loans are not suitable for ongoing financial difficulties or long-term borrowing.
Comparing QuickQuid and Cashasap.co.uk
Whether you prefer a lender with a long-standing track record or want to compare different short-term loan options, cashasap.co.uk provides a reliable alternative to QuickQuid.
We are a UK-based direct lender that offers flexible short term and payday loans to our customers with a long standing, positive reputation. QuickQuick on the other hand has more recently re-launched and now acts as a broker rather than a direct lender. The comparison below outlines how Cashasap.co.uk and QuickQuid differ, helping you make an informed borrowing decision:
| Feature | QuickQuid (new) | Cashasap.co.uk |
|---|---|---|
| Ownership | Quick Loans Ltd (relaunch 2023) | APFIN LTD - Independent UK lender |
| Direct Lender | ❌ No | ✅ Yes |
| FCA Authorised | ✅ Yes | ✅ Yes |
| Application | Online | Online |
| Loan Type | Short-term loans | Short-term loans & payday loans |
| Speed of Funding | ✅ Same day (if approved) | ✅ Same day (if approved) |
| Transparency | Costs shown upfront for the example amount - £1000 loan over 11 months | ✅ Calculator to show exact costs based on amount and term upfront |
| History | Relaunched in 2023 under new ownership after original closure in 2019 following a large number of mis-selling complaints | ✅ Actively lending continuously since 2013 |
| Availability | ✅ Available to eligible UK residents | ✅ Available to eligible UK residents |
How to Apply with Cashasap.co.uk
To be eligible for a loan from Cashasap.co.uk, applicants must meet a few straightforward criteria. You must be 18 years of age or older, live in the UK and hold a valid UK bank account with a linked debit card. Applicants should also be in full-time or part-time employment, provide accurate details on the online application form, and have both a working mobile phone and a valid email address. It is important that you can comfortably afford the repayments even if you have had bad credit in the past. Applications from customers with a poor or less-than-perfect credit history can be considered, but please do not apply for any credit that you know you cannot afford.
To get a QuickQuid Loan Alternative with Cashasap.co.uk:
- Complete a quick online application on our website or begin the application process below.
- Receive an instant lending decision.
- If approved, funds are typically deposited into your UK bank account the same day.
- Repay on your agreed date(s) with no hidden fees.
Borrowing Responsibly
Short-term loans should only be used when necessary and when you are confident you can afford the repayments. As a responsible lender, we would only approve you for a cashasap.co.uk loan if we believe it will be affordable for you. Always:
- Borrow only what you can comfortably repay.
- Review the total cost of borrowing before applying.
- Seek free financial advice if you are facing money difficulties.
If you are experiencing financial difficulty, you can get free, independent advice from moneyhelper.org.uk
In Summary…
- QuickQuid originally stopped lending in 2019 after going into administration, but the brand was relaunched in 2023 under new ownership.
- Customers searching for “QuickQuid loans” today may want to compare other lenders before applying.
- CashASAP offers a clear, fast and transparent alternative to QuickQuid with a simple online application and same-day funding if approved.
- Borrow responsibly and choose the option that best suits your financial situation.
