Trusted Quid

Written by:

Cara Bradley

5 minutes mins read

Updated: 15th August 2024

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Trusted Quid is no longer an active company and is unable to accept applications for loans.
Little Loans is a credit broker, not a lender. Little Loans work with a panel of responsible lenders who offer short-term, personal loans from £100 to £10,000. Depending on the amount you apply to borrow, you could repay your loan between 3 and 60 months.
Get your instant, personalised online quote today.

Little Loans as your Trusted Quid alternative

• No-obligation quotes.
• We don’t charge any fees for our service.
• One, straightforward online form.
• All credit scores welcome to search for a loan.
• Check your eligibility before you apply.

For your peace of mind

Little Loans, and all the lenders we work with, are authorised and regulated by the Financial Conduct Authority (FCA).

Who was Trusted Quid?

Trusted Quid was a direct lender, offering short-term loans between £100 and £1,500.
Borrowers could opt to repay their loan on the first or last working day of the month, on a specific day, or on a four-weekly basis, over a set period of six months.

Has Trusted Quid gone into liquidation?

Yes, Trusted Quid – a trading name of Trusted Cash Limited – went into liquidation in September 2019.

Can I still get a loan with Trusted Quid?

Trusted Quid are no longer trading, so it’s not possible to apply for a loan with them.
Little Loans is still trading, and is more than happy to help you search for a suitable loan up to £10,000.

Who can search for a loan with Little Loans?

You can use Little Loans to search for a loan if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid into your bank account.

Worried about your credit score?

Here at Little Loans, we understand that life isn’t always plain sailing. We don’t believe that you should be excluded from applying to borrow credit when you need it the most, even if your credit history is less than perfect.
We welcome all credit scores to search for a loan, and offer a free eligibility checker that you can use to determine your chances of approval, before making a full application.

Will checking my eligibility affect my credit score?

Checking your eligibility will not impact your credit score in any way, however, if you’re matched with a loan and decide to make a full application directly with the lender, you will be required to undergo a hard credit search. Hard searches will remain visible on your credit file for up to 12 months, and too many hard searches within a short space of time could harm your credit score.

What are my chances of getting approved for a loan with bad credit?

A number of lenders on the Little Loans panel specialise in loans for those with poor credit history, and would therefore be willing to consider your application.
Before you apply for a loan with bad credit, you should be prepared for the fact that you might be offered high rates of interest, and it may not be possible for you to borrow as much money as you’d like.

How does the Little Loans journey work?

1. Using our online form, tell us how much money you need, and how long you’d like to borrow it for. You’ll also be asked to provide some basic details, such as your employment status, and what you intend to use the loan for.
2. In just 60 seconds, we’ll run a soft search on your financial history and scan our panel of lenders for a suitable loan.
3. If we’ve found a match, you’ll be redirected to the lender’s website, where you can find out more about the loan.
4. Should you choose to proceed with the loan, the lender will need to carry out some further checks, including a hard search.
5. If the lender is happy with the outcome of their checks, you will be sent a loan agreement, which you should read through carefully before deciding whether to sign and return.

How quickly could I receive my money?

If approved, your money could be sent today, although this will depend on the individual lender and their payout timescales. Please be aware that the time it takes for the money to appear in your account will depend on your bank’s policies and procedures.

If you’re struggling to keep up with your repayments…

If you’ve taken out a loan that you can no longer afford, you should contact your lender. They will be keen to talk you through any options that might be available to you to help ease the pressure.
While reaching out can feel daunting, please remember that your lender is not there to judge you or your personal situation.

Where can I find money and debt management advice?

If you’re worried about money and debt, you can access free, impartial advice on a range of sites, including StepChange, MoneyHelper, Citizens Advice, and National Debtline.

This article is from June 2024; all information was correct at the time of writing.