2014 Lender Lists:
Quid Market @ www.quidmarket.com
On the payment calculator they do display a range of terms, but this fits around when your next payday takes place. A fixed interest charge applies over the full month of 30 days. This comes in at £65 per £200 and so this would work out as £32.50 per £100. If applicants are happy to wait on a slow transfer then this is all they’ll need to pay, but for quick transfers there is a £15 charge to be added (this is reduced from the cash sent out). If you wish to choose this then you’ll need to apply before 5pm throughout the week (the Saturday cut-off time is likely to be 2pm).
The Quid Market loans site at www.quidmarket.com enables all customers to control their loan via the secure login page. During Monday to Thursday they are live from 8am to 6.30pm, with Friday being 8am to 6pm and Saturday is 9am to 4pm. Membership is held with the popular CCTA trade association. The Nottingham-based owner (Stagemount) appears to be trading from this sole brand only. This product isn’t too recognisable across the industry, since they aren’t promoted much. The reviews out there are supportive though and that CCTA seal is beneficial. As with many lenders, it is the fast transfer fee that is a major factor impacting the service value.