Quid Market | Payday Loans and Same Day Loans | Faqs
Borrow up to
£550 *
Subject to Status
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*Minimum Loan £150, Maximum New Customer Loan £225
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Representative
3280.0% APR Representative Example
Representative Example Rate of Interest: 28.5% fixed (i.e. £28.50 per £100 borrowed) and is applied to the
amount of credit that you borrow. This rate is only applicable when
borrowing over 26 days. Loans over shorter and longer periods are charged at different rates
Total amount of Credit: £225
Duration of agreement: 26 days
Total amount repayable: £304.13 in a single repayment on the due date
Total charge for Credit: £79.13 (comprising £64.13 interest and £15 funds transfer fee)
Interest Rate: 400.1% per annum
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Frequently Asked Questions

Quid Market Express Service, ensures your loan application, is given priority processing in our loans department. If your loan is approved, Express Service Guarantees your money will be into your account the same day, provided you have completed your application before 5pm, on a working day. Express applications received after 5pm will be processed as soon possible and the money will be into your account by 11am on the next working day.
Express service is optional, but if selected, ensures you receive your money as fast as possible. We do make a £15 additional administration charge for our Express service on approved loans only. The charge is deducted from the amount we deposit into your bank account.

Quid Market Standard Service, in most cases, our Standard Service, ensures you will receive your money into your bank account within 24 hours from your application being completed and approved on a working day.

We will transfer the funds directly into your bank account. Once the loan is deposited into your bank account, depending on your bank, you should be able to have access to the funds today if you opt for the Express Transfer service. Please note an additional £15 service fee applies if you choose the Express Transfer service and this amount is deducted from the loan amount before you receive it.
If you have a question, often we have been asked the same question before. As a result we have compiled a list of answers for questions that are frequently asked.
How much may I borrow?
You may borrow from £150 and up to £550 subject to approval and affordability. As a new borrower you may qualify for up to £225. After repaying the loan as agreed, your future loan amount may be increased. However, payday lending is a short term expensive form of credit and you should not use it for longer-term borrowing.
How and when will I receive my money?
Once the loan is deposited into your bank account, depending on your bank, you should be able to have access to the funds today if you opt for the Express Transfer service. Please note an additional £15 service fee applies if you choose the Express Transfer service and this amount is deducted from the loan amount before you receive it.
Do I qualify for a Quid Market Loan?
If you are at least 18 years old, a resident of the UK, have a current bank account, a Debit Card and you are employed with a regular source of income of at least £750 per month, then you may qualify for a Quid Market Loan. Subject to status.
Do I still qualify for a Quid Market Loan even though I have bad credit?
We understand that not everyone has a perfect credit history.... So we have developed a state of the art decision making process that takes everything into account. We undertake affordability checks but even if you’ve got a poor credit history it may not necessarily affect our decision. In order to ensure we are able to process your application, it is important that you provide us with as much accurate personal information as possible.
What are my options to repay or extend my loan?
You may contact us on 0115 845 6434 or email us at mail@quidmarket.com to apply to extend or repay your loan. This allows you to have the flexibility to repay in full or just pay the interest only for another month. If you wish to apply to extend your loan, subject to approval, your repayment date will move to your next pay date, providing you more time to budget to repay your loan. In order to help manage the amount borrowed by our customers to a more sustainable level we will take a payment in addition to the interest which will come off the loan amount (known as the Principal). We will notify you of the amount of principal to be repaid with the documentation we email to you, should your extension application be approved. This is done to drive down the amount owed to help ensure customers do not get into a never ending cycle of extending pay day loans.
How do I update my information?
If any of your information changes, please send us an email by clicking on contact us with the updated information. Once received we will update your information and send you a confirmation of the changes by e-mail.
What are Quid Market's opening hours?
8am – 7pm Monday – Thursday, 8am - 6pm Friday and 9am – 4pm Saturday.
Customers can manage their accounts and make payments using the Existing Customer Area 24 hours a day, 7 days a week.
What is a Debit Card Continuous Payment Authority (CPA)?
Continuous Payment Authority is also known as a CPA - by signing the loan agreement you authorise us to use a CPA to take payment from your Debit Card. We will apply for the loan amount on the agreed due date on 2 occasions. You can cancel the CPA by contacting Quid Market or your bank but you will still owe the account balance and you must ensure you have an alternative method of payment.
What are the consequences of not paying?
Please refer to our charges page here
Responsible Lending
Quid Market is Committed to Responsible Lending:
Quid Market will:
• Always assess that customers can afford loans, and are able to repay them.
• Offer short term loans aimed at the borrowing requirements of our customers.
• Always treat customers in a courteous, helpful manner, aiming to deliver high standards of customer service and satisfaction.
• Provide transparent and clear information covering all aspects of loans and contracts.
• Willingly provide additional information required by customers, by telephone or e-mail. For further information, go to the contacts tab of our site.
• Treat customers fairly and work with those that are experiencing financial difficulties or hardship.
• Require customers to submit accurate and up to date information, to enable Quid market to make a fair assessment of affordability of the loan.
• Always assess extension applications in full for approval and have a policy on the amount of principal to be repaid.
Quid Market will not:
• Aim to target people with financial or debt problems.
• Lend to people who they believe will be may be unable to repay the loan.
• Deal with customers if there is any doubt regarding their identity or authenticity.
We appreciate the pay day lending industry may not be the cheapest option out there for people but it is convenient and flexible. If used properly, it does compare favourably to other options, but only if used how it’s designed – a short term aid to needing that extra bit of cash from time to time.

As a customer, there is also some responsibility to consider – if your application is approved this becomes an important contract – we think our application process is as clear and transparent as it can be, so in return, we expect our customers to only go through with the application if you’re certain to have sufficient funds available to make the repayments on the agreed date. Failure to do so may jeopardise your chances of obtaining future credit through ourselves, and in extreme cases, may result in your details being passed on to third party debt collection agencies and lead to legal proceedings.
Complaints Handling Procedure
If you have a complaint about our services you should contact us either by post, telephone or email using the details on the Contact Us page and we will endeavour to resolve it as soon as possible
We have a written internal procedure for effectively handling complaints we receive. This is available on request.
We aim to resolve our complaints by the end of the next business day. If we are unable to do this we will send a written acknowledgment of the complaint within 5 working days of receiving the complaint and enclose a copy of our complaints procedure.
If the complaint is not resolved to your satisfaction, you can refer your complaint to The Financial Ombudsman Service, Exchange Tower, London, E14 9SR.

If you would like a copy of our Complaints procedure you can contact us on 0115 845 6434 or email us at mail@quidmarket.com.
Quid Market are regulated by the Financial Conduct Authority and we abide by all rules, regulations and codes of practice set out by them, so you can be sure what we do, and the way we do it is completely above board and secure.
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Opening Hours:

Monday – Thursday 8am–6:30pm
Friday – 8am–6pm
Saturday – 9am–4pm
Sunday – CLOSED

Customers can manage their accounts and make payments using the
Existing Customer Area 24 hours a day, 7 days a week.


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Quidmarket is a trading name of Stagemount Limited and is authorised and regulated by the Financial Conduct Authority, Stagemount Ltd, Foxhall Business Centre, Foxhall Road, Nottingham, NG7 6LH  |  Reg No: 07259223  |  Consumer Credit License: 0638868  |  Data Protection: Z2501836