About Got Quid

Got Quid is a company based in England Wales since 2011 who offer short term loans. They are run and authorised by TdotUK Ltd. It is also regulated by the financial conduct authority FCA.

Being approved by the FCA ensures that customer that they are not falling for a scam or a fraud company and that any information or data the customer provides will be safe. The short-term loans they offer are for up to 36 months.

They pride themselves in being trustworthy, and by going on the website, this becomes evident. They have excellent customer reviews.

Each step of the process is fully explained by how to apply to the repayments process. Got Quid aims to make the entire hectic process of applying for a loan simpler and easier for the customer.

The loans they offer are also sometimes called payday loans where the amount can range from £100 to £5000. First-time customers are mostly offered less than this amount, and the amount that is offered to them is mostly between £250 to £500.

The short term high-cost loans that the company offers are best for people who need instant cash and will be able to afford the monthly instalments following the loan. They do provide live chat during the application as well as telephone numbers and emails so you can get a hold of a representative to guide to through the entire process.

Got Quid is a transparent company that claims to be honest, and upfront with its clients about everything they will have to pay no hidden fees or surprise charges are added to the monthly repayments.

Got Quid is not a lender, however, and does not make credit decisions it simply matches customer applications with lenders in their network which is based on the information you provide, in exchange for a commission paid by the lender for advertising services provided.

How To Apply

The application process for Got Quid is simple and not that intrusive. You should be done with the entire application process in about 10 min. It is only a 3 step process to make it easier for you and straightforward enough that you don’t have to dig in your files to look for obscure documents.

Before you apply though, you can get an instant quote for your loan; you just enter the amount of money you want for whatever period you wish, you add a little more information like your general information, name, date of birth marital status etc.

You will also have to give your employment details, pay slip, your addresses and bank account info. You should also remember to double check your contact information like email and phone number because the company might need to get in touch with you which would get very difficult with an incorrect number.

The interest rate and APR depend on each individual and their financial conditions but on average the rates range from a minimum of 35.9% to 1,304% apr being the maximum.

After your application, all you have to do is sit back and relax while Got Quid searches the web for the best lender suited for your needs. So you don’t have to look around searching for a lender for yourself they will provide you with the best option while saving you the time.

On your request, the application will then be forward to the lender, and they will run a credit check on you. They will also run your details by anti-fraud agencies which are merely a security measure to prevent theft and money laundering.

They do have quick decisions, and you will receive one usually in minutes. A person will call you occasionally to ask for further verification or more detail into your documents if you are a returning customer this process gets easier and less time consuming although a representative would still call you to confirm that your financial conditions have not changed since the last time you applied for the loan.

Once the loan has been approved the money should be transferred into your account on the same day, this excludes weekends and if you applied after office hours because that would cause a delay in your application being processed and thus the funds’ transfer.

The repayments will be made through CPA. Continuous Payment Authority allows the company to make monthly charges to your account without needing your permission, this is a simpler way of receiving monthly payments, and it works for people who are forgetful.

This method of payments also allows you not to miss any payments and be on top of your repayment plan.

Eligibility To Apply

  • You must be at least 18 years of age to be able to apply. This applies to most payday lenders and ensures that you are a legal citizen.
  • You must have full-time employment. This does not include, and you must also not be on benefits.
  • You must earn a minimum of £1,000 a month. This ensures the company that you will be able to make the monthly payments without causing any trouble to your basic necessities.
  • You must be a resident of the UK. This makes it easier to get a hold of you if need be, and the transaction process easier.

Pros

  • Fast payments option. On weekdays if you loam is approved and signed by 10 pm and by 6 pm on Saturday, you will be able to get the money transferred to your account on the same day.
  • Re-loans. If you pay off your existing loan on time or earlier, you can opt for another loan anytime you want. You could even apply for it immediately after and have the money with you within 2 hours of applying.
  • No late fees. They will not charge you any late fees per day that you are late to make your payments.
  • Bad credit is not a problem. They understood that everyone needed financial assistance even if they don’t have good credit and Got Quid does that by individually analysing the application to find a lender that is suited for your credit.
  • Safe and secure application, you can rest assured that your data is in safe hands and will not be shared to anyone without your knowledge or your permission
  • 100% online. You don’t have to leave the comfort of your own home to do any of the steps; from the application to the money transfer everything is available at your fingertips.
  • You can opt out of their marketing anytime you choose directly from their site so if you get annoyed by the marketing emails you can let them know and you will be removed from the email list.

Cons

  • They are not a direct lender of the money to you so they cannot guarantee that you will get approved and even if you do they are not liable for any amendments they make to your agreement.
  • Only a few lenders will be able to provide amounts up to £5000. This will be dependent mainly on your finances; however, not every lender will be able to offer you the same amount.

 

Additional Information

Got Quid cannot guarantee that the lender can offer you the most suitable loan. By submitting your information to the site, you actively agree to allow the lender to verify and investigate the information you have provided them.

If you get connected with a lender, the company bears no responsibility for any transactions that happen between you.

They have no involvement in the registration process after the transmission to a lender has been completed. All the loan terms you agree on, and sign on are of the lender alone and not related to Got Quid in any way. The lender will be responsible for its service to you and any and all interactions that take place between you.

The companies do not check your credit profile; however, they do check credit reference agencies and help make relevant decisions to prevent fraud. The companies only forward the information that you provide go quid onto these agencies, and it is your responsibility to make sure that the information you provide on the application is correct.

Knowingly submitting false data is a breach of the terms and conditions and would be treated as an unlawful act by any lender that you are matched to. If you authorised any 3rd party to submit information on your behalf that information would be treated such that it was provided by you.

Joint application was submitted is viewed as with the consent of both the parties involved.

The company is also not liable for any damages or responsible for any claims of loss directly or indirectly resulting from the use of the site or any other means beyond the company’s control.

This includes promotions that are available on the site, failure of any equipment, mechanical or electrical any phone taps or any other connection problems.

They are also not held accountable for any theft, viruses, operator errors, severe weather, earthquakes or any other natural disasters.

You have every right to file a complaint and are allowed to do so you can write to them on their website in the query section, provide a detailed description of the complaint at [email protected] or call them at 0808 189 0649 if you wish you can also write to them at TdotUK Limited, c/o Compliance Department Suite 4 Bourne space Bourne Gardens Exeter Park Road Bournemouth Dorset BH2 5DB.

FAQ’s

What different types of loans do their lenders offer?

Their lenders offer many different types of loans, and it is better to inform yourself about all the types of loan to find one for yourself before committing to a loam that may not be the best option for you. Guarantor loans need an additional person that can vouch for you such as a friend or colleague or even parents of siblings.

Short term loans are usually smaller loans which require no collateral and are also called unsecured loans. Instalment loans are usually long term where your payment can be broken up and spread across several months.

How will I receive my funds?

The funds will be transferred electronically to the bank account you mention in your application. This is usually a salary or the main account a person uses. The transfer usually takes place on the next business day.

This will vary on the lender and your financial conditions as any issues might cause delays in the transfer of funds. Sometimes lenders require extra verification of the documents you have sent or might need more documents to approve such as a pay slip or confirming your employment by contacting your employer.

In guarantor loans, they could be waiting on your guarantors’ application before sending the funds.

Why do they require my personal information?

They take your personal information in order to present your application to their lenders so they can further assist you. They act as a data controller. They have a data protection officer that oversees all the data that they have with them.

They also share aggregated data such as statistical data and demographics while this is derived from your data, it is not your personal data, and it does not directly or indirectly reveal your identity. They don’t collect any special categories of data from you, e.g. your race, sexual orientation etc.

How long will you use my personal data for?

They will only use your data for as long as it is necessary to fulfil the purpose of the data collected.  This includes any legal, accounting or reporting requirements. To find the appropriate time for the data collection they consider the amount, nature, the sensitivity of the data and the potential risk involved with the data if it was used unauthorised.

You can request access to your personal data the company has you can request correction of this data and also the erasure of this data.


Company Details
  • Company Name: T DOT UK LIMITED
  • Registration Number: 09225672
  • Incorporation Date: 2014-09-19
  • Status: Active
Loan Details
  • APR 1,192%
  • Loan Amount £1,000 - $5,000
  • Repayment Duration 1 - 18 months
Contact Got Quid
  • via Phone: See website Call
  • via Post: Office 1 Exeter Park Road, Bournemouth, England, BH2 5AY