Quidco

mahar

Staciep88 (or anyone else that knows...)

Does taking the payday loan affect your credit rating? Sounds too good to be true!

anyone know????

Staciep88

Umm again, not quite sure, but you take out the loan and you pay it back in full the next month so in theory no it shouldnt affect it

Richard019

wolvesinwales wrote: »

Im really not sure about the credit rating worries , read lots about having too many credit cards etc affects your credit rating but i must have about 20 currently and 8 bank accounts and never have had a problem getting credit apart from once being refused a Virgin credit card but they explained it was purely because they didnt like my £18,000 credit limit on my MBNA card.

Virgin and MBNA being the same card provider makes it understandable that they wouldn't want you to have two cards.

If you're accounts are all well run then the number of cards and bank accounts shouldn't matter so long as you're earnings are high enough to justify your available credit and then some. These loans by their very nature suggest that either your money isn't well run or you're close to breaking point on your outgoings. For most people it would be alright for a year as they wouldn't necessarily be applying for more cards, but as a stoozer it's potentially a lot more harmful (for example in 3 months time I need to apply for one new card, an upgrade to one, and a limit increase on another).

mahar

hi

does anyone have a definitive answer about the payday loan thing....

ie does it affect your credit rating? what are the downsides to doing it?

thanks

vbrindle

I tried but when it got to the signature bit and putting in the code sent by text to my phone as well as typing my name in it wouldn't continue when I tried to confirm.

So I gave up in the end and I got an email saying I didn't confirm it but I'm just going to ignore it as it might not track if I try again via the email link.

**dancingbutterfly**

hmm sounds good i think i might join up to quidco!

csnann

Do you need to have a steady job to get a payday loan? I am self employed so I don't actually have a payday!

Oggyoi

becky81 wrote: »

Hello
I joined Quidco last night and bought £60 worth of Tesco shopping Via the link on the site.

Im just really after basic help. How long until i recieve the money, are their any free sign ups in Quidco?

Also i understand that its a cash back site, but is their anything a need to be careful of?

Any help or advice would be great.

Thanks

Be aware you may not get paid, so don'y buy just for the chance of the cashback. Cashback is a bonus ( if you get it )

Seems Quidcon have declined my Betfair yet again, even though I have supplied everything they asked for, including the welcome email from Betfair and also a receipt showing my Paypal payment !!!

Moral of the story, don't rely on getting paid !!!:rolleyes:

crapwithcash82

vbrindle wrote: »

I tried but when it got to the signature bit and putting in the code sent by text to my phone as well as typing my name in it wouldn't continue when I tried to confirm.

So I gave up in the end and I got an email saying I didn't confirm it but I'm just going to ignore it as it might not track if I try again via the email link.

I got stuck at this point too, but I was typing in my first name and my surname. It says above the box for the "signature" to enter ONLY your surname - took me a few attempts to realise that was why it wasn't letting me proceed. Just a thought, you may have a different problem from me, good luck!!

vbrindle

I'd go back and do this but would it still track in quidco??

If there's any doubt then it's not worth bothering with really. Has anyone had the same issue then gone through the email link then get cashback?