My Quick Loan is a company that is gaining popularity and filling the gap in the market when QuickQuid went into administration. My Quick Loan aims to offer a suitable alternative for those customers who are feeling uncertain following the shutdown of QuickQuid’s services.
If you have previously used QuickQuid and are now looking for another lender to meet your short-term borrowing needs, you cannot go wrong by looking at My Quick Loan. If you are unfamiliar with My Quick Loan, we recommend you check out their website for more information.
However, we have gathered some details from their website to give you an insight into how the company operates and how to make the most of its services.
What is My Quick Loan?
My Quick Loan is not a lender, it is a broker. If you are searching for a short-term loan with a quick response, then this website should be included on your list to check out. When you are applying for a short-term loan through My Quick Loan, you will enter your personal details and the information about what you are looking to borrow.
My Quick Loan will then search for the best borrowing option for you. They work with over 40 FCA registered and approved lenders in the UK. Their software searches through all of their approved lenders and aims to match you to the best loan for your circumstances.
As a result of the number of lenders the site works with, you can search for a loan regardless of what your current credit score is. Due to the company searching for multiple lenders at the same time and giving each of these lenders basic information from your application, the rates you will receive are competitive.
This is because the more lenders that ‘see’ your application at one time, the more competition there will be to provide you with the loan. This can result in reduced interest rates and also helps those with a lower credit score to be matched with a lender.
Is My Quick Loan Safe to Use?
Yes, My Quick Loan is fully registered and regulated by the Financial Conduct Authority (FCA) in the UK. My Quick Loan is a free service that does not include any hidden costs throughout the entire process of choosing a loan via their services.
Unlike some loan procurement services where you will incur a search charge, this is not the case with My Quick Loan. They also adhere to all data legislations and regulations, so you can be sure that the information you submit via their website is secure.
The Website
The company website is very user-friendly and easy to navigate. There is a simple menu at the top of the screen, which allows you to view more information and testimonials regarding the company.
You can also get quotes regarding the loan services before you commit to taking out a loan.
The website also includes some money safety information regarding applying for loans and also help and support websites for those experiencing financial difficulties.
