This article shows the different types of help and advice available from various organisations. Here at QuidMarket, we have been helping people through financial difficulties since 2011.

How much do you need?

£300 £1500

For how long?

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This is for illustration purposes only. Your repayment schedule will be confirmed during your application

*All applications are subject to affordability checks*

Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1299.7% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

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As a new customer the minimum repayment period is 3 months and the maximum is 6 months. Additional options may be available to you as a repeat customer.

Quidmarket advice
If you are in financial difficulty please contact us now.

Help with your QuidMarket Loan

We are a small company with a highly trained team and we pride ourselves on our human approach.

We will always treat our customers fairly. If you are in financial difficulty please contact us so we can help with your QuidMarket loan.

Communication is key. Get in touch as early as possible to allow more options and flexibility when discussing your loan going forward.

If, however, you feel your financial difficulties are more far-reaching there are a number of options available to people.


Before contacting QuidMarket or Debt Advice organisations you can do some things to work out where your money is spent.

Contact us for an Income and Expenditure form. This will help you list all the money you have coming in and how much you spend on things. Once it’s written in black and white it can be surprising where you can make savings.

Rejigging your finances can be a first step to helping maintain your repayments to your creditors. Saving a few pounds here and there can then be put towards your loan repayments.

Nothing lasts forever so if it makes things tight for a period of time, always keep in mind once the loan is repaid that money becomes yours again to spend on other things!

If you want to fill your own budget sheet out, visit the National Debtline website. They have an extensive online income and expenditure form you can download.

Quidmarket advice

Debt Management

If you have multiple debts building up and they are affecting your priority bills (such as mortgage/rent, gas/electric, council tax etc), then you may be able to speak to a Debt Management Company (DMC).

There are a number of debt management companies available in the UK, some of which do charge fees. So make sure to have a good look around and choose the right company for you. We believe that you shouldn’t have to pay a fee for a service which is available from a large number of companies for free, especially if you’re already struggling with your finances.

You will need to get the details of what you owe, so get your reference numbers and balances handy.

What will a DMC do for me?

They will fill in an income and expenditure form with you to work out where your money is being spent. This will leave an amount to be split between the companies you owe money to.

The DMC will contact the companies for you explaining your arrangement. They will then make an Offer of Payment which is affordable to you.

Once accepted you will only need to make one payment to the debt management company. They will send payments to your creditors on your behalf after collecting the funds from you as arranged with them.

This is a long way of repaying your debts and can also affect your credit file. It is worth remembering you can do the above yourself directly with the companies you are in debt to. Most companies will be more than happy to arrange an affordable payment plan with you rather than having to deal with a debt management company.

Who to contact

There are a number of DMCs available. We always recommend seeking out a source of free independent money advice. Make sure you use a company that does not take a portion of your payment as a fee. This will only prolong your payment plans keeping you in debt longer.

Here are some FREE organisations that can help set up a Debt Management Plan.

Who to talk to for help or advice

Falling behind on bills is a stressful time so it can seem daunting when trying to get back on track. The different organisations above can offer different kinds of help depending on your needs. Make sure you get the right kind of advice first time round by speaking to the right people;

National Debtline

For example, if you need help or advice on how to speak to or deal with the various creditors you may have and you are in a position to speak to them yourself then phone the National Debtline on 0808 808 4000 – they can also offer budgeting advice and have an online free self-help tool.

Debt Management Companies

If you have some money left over to split between your creditors but you prefer an agent to deal with the companies on your behalf then a Debt Management Company like Step Change or Pay Plan will do this for you.

Citizens Advice Bureau

If things are a little more serious and you want the added reassurance of speaking to a highly trained expert face to face then make an appointment with the Citizens Advice Bureau. They will be able to offer you advice on managing your money and create a budget plan with you. They can also liaise with your creditors on your behalf if need be.

QuidMarket and the Financial Conduct Authority (FCA)

The short-term credit industry has gone through many changes in the last few years. The FCA took over regulation of companies offering short-term high-cost credit in 2014, in line with mainstream lenders and banks.

Short-term loan and payday loan providers had to apply for a license from the FCA showing their policies and working practices were within the rules and guidelines set out by them.

A large number of companies in the short term loan and payday loan sector did not meet the criteria. These companies had to prove they had implemented necessary changes to their policies and working practices or cease trading.

Here at QuidMarket, we were approved for a license by the FCA for the first time of asking in Feb 2016 – a very proud day for us all. This approval from the FCA underlines the commitment to our customers and shows us as a reputable, transparent honest lender.

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QuidMarket trades under FCA license number 677995 – you can view the FCA Register on their website.

Warning: You should never pay upfront fees for a short term loan or send money in return for a short term loan. Late repayment can cause you serious money problems. For help, visit: