QuidMarket Loans was one of the worst financial experiences I’ve ever had. The entire setup feels predatory. They market themselves as a quick solution for people who need help, but in reality they trap customers in a cycle of high interest and constant pressure.
The lending checks clearly aren’t robust enough, yet when things go wrong they hide behind rigid policies and automated responses instead of actually helping the customer. Communication is poor, complaints go nowhere, and trying to get a clear explanation of charges or decisions is like hitting a brick wall.
What’s especially frustrating is how little accountability there seems to be. When customers raise legitimate concerns about affordability checks or how the account was handled, the response is dismissive at best.
There are far more responsible lenders out there. If you’re considering QuidMarket Loans, do yourself a favour and look elsewhere.
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QuidMarket offer short term loans of between £300 and £1,500 over 3 to 6 months. We aim to bridge the gap between your money shortfall and when you can get your finances back in order. All our fees are fully transparent with no hidden charges or late fees.
Representative example:
Borrow £300 for 3 months
Interest payable £154.37
Total amount payable: £454.37 in 3
instalments
3 payments of £151.46
Representative 1301% APR
Interest rate 292% per annum (fixed)
Warning: Late repayment can cause you, serious money problems. For help, visit: moneyadviceservice.org.ukSee more
