Geography: United Kingdom
Products: Cash Advances
Launched: 2007
Launched in the U.K. in 2007, QuickQuid is a fully licensed short-term lender serving customers in the United Kingdom, and the first lender to offer same-day cash advances over the Internet at no extra cost. QuickQuid is also a founding member of the CFA trade association and the first institution geographically located outside of the EU to be admitted into CIFAS.
A cash advance is a small-dollar, short-term loan that is deposited directly into a customer’s existing bank account and is usually repaid upon the customer’s next pay date.