Mobile Quid
Good:
Return customers just need to send one text to get £100 in minutes
Bad:
Charges incur quickly if you don't pay it back within 7 days
Verdict:
Similar to TxtLoan, this company is becoming highly recommended and is a great way to rebuild your credit as it is such an affordable, small loan - after signing up the money is in your account shortly after
Mobile Quid is a lender that specialises in loans for £100 over a 7 day period. The aim of Mobile Quid is to offer small value loans that are easy and quick to access, they aim to get you your funds within two hours of applying. You can also reapply as many times as you like as long as you pay back your previous loans with them on time. The cost for the credit works out at that you will pay £112 when borrowing £100 over a 7 day period.
The application process is fairly simple. You have to first complete a one-off sign up form which can be found on their website, they will ask for your personal details at this stage such as: income details, address details and bank details etc. You may need to send them copies of your bank statements from the last 3 months. Once you are registered you need to send a text with your PIN number (will have been sent to your email) to 88080. Once this text is sent, you will get access to your credit agreement which you will need to sign. When you are accepted, they will notify you via email and text message and the funds will be transferred instantly.
This is a pretty unique company. Once you are registered with them you can apply for as many £100 loans as you like, you can only have one at a time but if you repay it on time, then all you need to do to get another £100 is send a text, then within minutes you will have it in your account. There are a few sneaky charges in place though, for example to send a text to the company it will cost you £1 plus your network charge but this isn't major and the convenience of the loan makes up for it. The cost of credit will go up dramatically if you don't repay on the day you say you would so bear this in mind, only get this type of loan if you can guarantee to repay it.
made application on thursday its now tuesday and still cross checking my details best not to deal with them at all
Mobilequid is a reseller of all data you provide. Within 24 hours i received dozens of emails concerning same business model and others. Avoid this club and think of something else.
usless been over a week now and all it says is "we are cross checking your details" sent a few emails to them and nothing back
APPLIED FOR IT LAST WEEKEND AND STILL SAYING WE ARE CROSS CHECKING YOUR APPLICATION LOL SENT 5-6 EMAILS STILL NO ANSWER TO NONE OF THEM SO PROBABLY A FAKE COMPANY BECAUSE DID THE SAME THING WITH DIFFERENT APPLICATION ON DIFFERENT PERSONS NAME.... AVOID IT TO SAVE TIME NOW IM HAPPY WITH TXTLOAN AS THEY PROVIDED ME THE CASH WITHIN 30 MINUTES :))
Applied last month and went was accepted same day. An hour after being accepted the cash was in my account.
DONT BOTHER BEEN WAITING SINCE SAT TODAY IS MON GIVEN UP KNOW USED ANOTHER COMPANY NOT WORTH ANY STAR RATINGS
I sent 9 messages via email and through their website and din't get a single reply. They're idiots.
USELESS. I waited 3 days and only after an e mail to them did I receive a reply. DONT BOTHER WITH THIS SHOWER.
Their late charges are nothing short of thievery. Had a genuine reason for missing the payment (card stolen etc) but their customer service team couldn't give a toss. Would rather use a loan shark - at least you get to speak to them as they're shafting you.
I received nasty collection letter from mobile quid debt collection of the loan I had never even taken. Tried to contact the lender directly but they just told me to deal with their debt collectors or otherwise this would have mark on my record. What should I do, I did not take a loan from these bloodsuckers. People could not even speak proper english in there. Luckily my bank has been sympathetic and they are investigating matters further. Can't understand how they managed allow someone else to borrow in my name and transfer the money into someone else's account. Watch this space, their ID fraud checking has some major flaws and I am sure there will be many more to come. I have also contacted police to investigate but mobile quid did not care. Just told me to pay back a loan to debt collectors without hearing me out first. I am so fed up with this ******** company.
Run late with my payment. Fortunately Mobilequid was flexible with re-payment plan. Thanks!
Forgot to pay the loan on repayment date and a couple of days later 58 pounds had been added to my loan already. However they are one of the cheapest alternative if you only need £100 but I recommend not to take it if you cant pay back on time.
Mobilequid is a reseller of your data, avoid like plaque. I registered with them and started receiving offers from other lenders. They sell your details, avoid avoid avoid.
These guys deliver what they promise - cash in just 15 minutes. Neat design as well!
I got my 100 in 10 minutes after I had signed up.
I find MobileQuid convenient and easy to deal with and I've used them a few times when I needed some cash quickly to tide me over in that long week before payday. There are plenty of times of when they've helped me out.
I didn't want to get into any expensive, lengthy loan arrangement and I needed the money in my account as soon as possible to satisfy both the bill collectors and my better half. So I signed up with my mobile and took £100 out of the wall shortly after.
I didn't have a huge amount of cash left in my account and payday wasn't until the next week, but I really wanted to try and get myself and the kids home, even if it meant travelling across the continent by road. Then I suddenly remembered about the loan service I'd signed up for and I found the number stored in my mobile. After texting them I received confirmation that the loan had been approved and the cash was in my account and ready to use really quickly.
Loan Amount £100 - up to 7 Days
Otherwise, 3 working days
- You must be a UK resident
- You must have means to repay the loan on the agreed date
- You must be over 18 years of age or older to apply
- You don't need a Direct Debit Facility just a debit card that you can make transactions with
- You don't need to be employed specifically but you do need a regular income
- You must have a bank account
- You must have a mobile phone number and an email address
- Charge to send or receive a text from /to Mobile Quid - £1.00
- Day 9 Administration Fee #1 - £62.50. Total now = £170.00
- Day 10 Administration Fee #2 - £50.00. Total now = £220.00
- Day 12 Administration Fee #3 - £30.00. Total now = £250.00
- Day 15 Administration Fee #4 - £50.00. Total now - £300.00
- Day 46 Collection Partner Fee - £100.00. Total now = £400.00
- This brings your total loan to... - £400.00+
- Any extra fees from the Collection Partner apply
- None
