Out of curiosity?

[GoldenMerc]

How much would it cost from quickquid.co.uk would it cost to loan £50, typical APR on that is MAD!
Ross
+rep for help

[Catzsy]

To determine your finance charge, QuickQuid uses 3 rate tiers: Excellent, Good or Average. The tier that you qualify for is determined by QuickQuid (at its absolute discretion) through various factors including, but not limited to, your credit history, employment history and loan repayment history.

Existing customers can improve their tier once they have built their loan repayment history with us. See the tables below for examples of these tiers.

One-Period Loan
The loan is repaid after 1 pay period. The finance charge and the full loan principal is due on your next pay date.

Rate
Tier Loan Amount Finance Charge1 Total Amount to be Paid to QuickQuid APR2
Excellent £50.00 £10.00 £60.00 819.12%
Good £50.00 £12.50 £62.50 1410.33%
Average £50.00 £14.75 £64.75 2222.46%

You can elect to pre-pay your loan and only owe us the finance charges till the date of prepayment.

Unbelievable amounts of interest. Just praying on the less fortunate.

[alexxxxx]

remember APR is ANNUAL. So you won't pay that much, but i don't think it's worth risking at short-term credit.