FAQ

If you require cash in a short amount of time and don’t have access to savings or other forms of credit, quick cash loans is an option you may consider. They are designed to cover short term financial hiccups, such as unforeseen bills or other emergencies.

PurpleQuid.co.uk is a broker, not a lender, and works with an exclusive range of lenders in return for a commission fee. We don’t directly offer loans. We allow customers to access our network of UK short term and instalment lenders through our online form. We attempt to match customers with lenders in our network based on the information they provide.

The process is carried out through an online form. You will first provide some basic information and once submitted we will begin the matching process. If successfully matched, you will then be connected with a lender who may offer you a loan. You then have the opportunity to accept or reject any offer made.

We work with a network of UK lenders. If you are matched, you will be connected with a direct lender.

The lenders in our network are prepared to lend between £100 and £2,500. Please note not all lenders are able to provide up to £2500.

Unless they are using an unscrupulous marketing tactic, no lender can offer any kind of guaranteed loan, such as guaranteed payday loans.

The online form takes a few minutes to complete. We will then run your form through our network of lenders in an attempt to match you with a qualified lender. If your application is accepted, you will be forwarded to the lender’s completion page so that you can sign for your loan electronically.
If your application is accepted, you will be forwarded to the lender’s completion page so that you can sign for your loan electronically. You can expect to see the funds in your account in as soon as the next business day.

Your funds will be transferred electronically into your bank account via electronic transfer.

The eligibility criteria varies by lender. There are, however, standard criteria requirements that you will be expected to meet in order to apply. This includes the fact that you must be aged 18 years or older, live in the UK, have an active bank account into which you can receive direct debits and have a regular source of income.

We require your personal information in order to present your application to our lenders so they can assist you by providing you a loan. Please refer to our Privacy Policy for more details about how we use your personal information.

PurpleQuid.co.uk does not run any credit checks; however, we are a matching service and the lender we match you with may do so as part of the application process.

Our Representative APR is 1192% (variable). A Representative APR takes into account all charges associated with the loan, in addition to the interest rate.

Your repayment schedule and amount will be outlined in the loan agreement, a copy of which you will receive before you sign the contract. Please contact your lender directly for further information.

If you have any issues repaying your loan, please contact your lender directly. They will be able to discuss repayment options with you. If you have more serious concerns about managing your money, you may contact Money Advice Service (www.moneyadviceservice.org.uk). Money Advice Service offers free advice to those who need to manage their money more effectively.