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Trusted Quid - learn who they are?

TrustedQuid are a UK based lender with offices in the Scottish Lowlands.

What kind of loans do they offer?

TrustedQuid offer 6 months line of credit, which means that they can be paid in 6 monthly instalments.

How much can you apply for?

You can apply for up to £750 for up to 38 days, although they note that first time borrowers are more likely to be accepted for up to £150.

How quickly can they supply the loan?

They can transfer the cash within 3 days without any extra charges. For a faster payment fee of £10, they can arrange for the cash to be transferred the same day as long as you apply before 3.30pm. This is an optional charge and will be deducted from your loan amount.

What do they charge?

If you borrow a payday loan through TrustedQuid, you will be charged £30 for every £100 you borrow up to 38 days with an APR of 2957.36%.

How do their charges work?

They charge the same amount for whatever length of time you take out the loan within 38 days. So if you borrow for 30 days, you’ll pay the same amount as you would pay for 10 days.
They retrieve the loan amount plus any interest and optional charges using continuous payment authority, which means that they can make repeated attempts to withdraw the cash (or partial amounts of it) in order to retrieve the money after the due date.

What optional charges do they have?

TrustedQuid have an optional £10 charge which means that you can get the cash transferred to your account the same day you apply.

Do they charge penalties?

They have no declared penalties.

Do they have TV adverts?

They do not currently have any TV adverts.

Licence details

  • Company No. 07112031
  • Consumer Credit Licence No. 0634656
  • Data Protection Act Registration Number Z254298X
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We work with a number of lenders and their APRs vary. This example shows the average figures.

Money Gap Limited operate and own the credit brokerage site, Money Gap Limited is not a lender nor does it provide credit to consumers. If you decide to apply on this site, your application will be shown to a variety of our lending partners to consider. We receive a commission from the lenders we work with after successful applicants are passed on from this website. Approval is subject to status and all applicants must have reached 18 years of age or older. The information provided on this website is for the purpose of explaining the lending process and should not be considered financial advice.

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