If you are unable to pay your QuickQuid Loan you may be worrying about what to do. Don’t worry you are not alone, lots of people struggle to repay their payday loans. Payday Loans are very expensive and Payday Loan Debt soon mounts up as a result.

You might have already made an attempt to set up a repayment arrangement with QuickQuid but got nowhere. If you are able to repay your QuickQuid account within three months then they may help you. If it will take you longer than that then you might struggle but it is worth contacting them to discuss your options as is the case with any company you owe money to.

What will happen if you don’t pay QuickQuid?

If you decide you can’t pay them and you have made every effort to agree a repayment arrangement then the following may happen: –

• They will use the continuous payment authority you set up to attempt to collect payment from your bank account. You could find your account emptied.
• Late Payment Information and eventually a Default will be registered on your credit file.
• They will continue chasing you for payment, by telephone, letter and e-mail.
• After some time they may sell your account to a Debt Collection Agency.

There is no guarantee that the above will happen to you but it is a possibility.

Stopping Payment

If you have a direct debit set up to pay QuickQuid and you won’t be able to pay them then you should cancel it as soon as possible. If your debit card is how they will collect payment then you should cancel the continuous payment authority with your bank and with QuickQuid at least a few days before payment is due.

Get Help for your Payday Loan Debt

If you are unable to pay QuickQuid or you also have a number of other payday loans you cannot pay then consider getting some Debt Advice to start solving your payday loan debt problems. Visiting the Debt Advice page on this site will give you a general overview of which solutions are available and allow you to contact an organisation who can help you with your debts.