We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Quidfinder is asking to send first installment upfront. Is it safe to go?

I was looking for a quick payday loan and came across Quidfinder. The rep is asking me for first installment upfront £120. Wondering whether it's safe? Has anyone here dealt with Quidfinder?

Comments

  • Gaz83
    Gaz83 Posts: 4,047 Forumite
    1,000 Posts Combo Breaker
    Don't touch them with a bargepole. They're not even a lender.

    EDIT: If you've already signed up with them, then they may have already taken £67.88 from your account.
    "Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."
  • Frogletina
    Frogletina Posts: 3,927 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    David_Ness wrote: »
    I was looking for a quick payday loan and came across Quidfinder. The rep is asking me for first installment upfront £120. Wondering whether it's safe? Has anyone here dealt with Quidfinder?

    Why not google?


    Found this when I looked


    http://quidfinderarerubbish.wordpress.com/
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first
    SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅
  • dealer_wins
    dealer_wins Posts: 7,334 Forumite
    Sounds like an outright scam.

    No lender asks for the first instalment to be paid upfront.

    And OP if you are even considering companies like this you are going to find you get stung with many "broker fees" etc

    I would suggest you spend an hour or 2 going through the last 100 threads on here and get wise to payday scams, fees etc
  • Gerry87
    Gerry87 Posts: 26 Forumite
    Don't do it, they'll take your money, then forward your details onto other brokers who'll take your money. You just have to read through these forums to realize the mess you'll end up in. The stories always end with no money loaned with hundreds lost.
  • Monkeyballs
    Monkeyballs Posts: 1,935 Forumite
    Part of the Furniture Combo Breaker
    Why wouldn't you just go to someone established and well known like Wonga if you're looking for a quick payday loan instead of just Googling for a random obscure lender?

    If you really really really need a PDL you shouldn't pay anything upfront, LOL that sort of defeats the purpose doesn't it?

    MB
  • DCFC79
    DCFC79 Posts: 40,644 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 29 June 2014 at 3:56PM
    What is the loan for David ?

    You tried your own bank ?

    I wouldnt do it, you will regret doing it though and end up losing £120 or more until you get it back.

    No lender will ask for a fee, what ever they say its for dont do it. Try the normal lending institutions.

    If it really is short term then yes as been suggested Wonga is your best bet, just make sure you dop pay it back when you agree to do so.
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you have £120 in your bank you do not need a payday loan!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 29 June 2014 at 9:41PM
    David_Ness wrote: »
    I was looking for a quick payday loan and came across Quidfinder. The rep is asking me for first installment upfront £120. Wondering whether it's safe? Has anyone here dealt with Quidfinder?

    Nope

    Go to a lender direct - you only have to read Martin's guide!

    Paid up a Sunny loan 4 months no charges purely borrowed interest
    £200 was borrowed and £275 was paid back
    Received cash back and even education though their vids to lower future borrowing

    Their interest over a month was pence over a £ because I tested it!!!

    Very happy, it really worked, I'd recommend to anyone :)
    Totally different position to when I first applied I'm no worse of for it and never had my details passed on! With payday finance always think of it as getting money for essentials like nappies from the DWP

    Who says Wonga is the only 'ethical lender' on the market
  • Herzlos
    Herzlos Posts: 16,384 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No loan provider will want the first instalment up front, it doesn't make any sense. If you've got the money for it, you'd just borrow less. It can only be a scam.
  • Apples2
    Apples2 Posts: 6,442 Forumite
    After that there will be the release fee, then the tax fee, then the transaction fee...oh! what's the point? OP would have already done it.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.