What is QuickLoans.net?
QuickLoans.net is an online free service designed to match customers with the online lenders that can meet their emergency cash needs up to 1000$. The company is not a direct lender and does not provide loans to its customers. QuickLoans.net has a wide network of short-term lenders, so this service is able to offer its clients the most suitable and beneficial online lender.
|Generally two weeks
|Depends on the loan agreement terms
|Driver’s License/State ID, Social Security Number
Quick Loans Credit Options
QuickLoans.net specializes in short-term loans that are considered payday loans that should be repaid over a short period of time.
With QuickLoans.net, borrowers can get the cash advance quickly and easily. The online service mentions that a quick cash loan is a rather expensive credit option and is suitable only for short-term financial emergencies. Quick loans online are intended to help people pay for the rent, medical expenses, car repair, and so on. So customers who are looking for long-term loans should choose another lender-matching service which offers some alternative loan options.
Once customers are approved for a loan with QuickLoans.net and agrees to the terms and conditions of the lender, the lender will transfer the money as quickly as possible. The speed of transfer may depend on what time of the day the customer applies for a loan. If the application is filled out in late in the evening, the funds may be available only the next business day. The online service advises all borrowers to have a valid checking account so money can be transferred directly into the bank account. The funds are usually sent out via ACH direct deposit.
To apply for a quick loan, applicants should meet the following requirement: be a US citizen or legally reside in the USA, be at let 18 years of age, have an active checking account, have a valid email address and phone number, have a steady income (make at least $800 per month).
Quick loan amounts range between $100 and $1000.
Using this online service, a customer should bear in mind that each lender of QuickLoans.net network has its own policies regarding short-term loans: rates, terms, APRs and so on. The interest rate and the loan amount may also depend on the state you are living in. The company recommends taking the least amount possible which can be comfortably repaid within a short time (generally two weeks).
The total cost of a loan will be seen as soon as the customer is approved for a loan. Generally, the total cost of a loan includes the principal (the amount of money the customer borrowed), the interest (the amount of money that is charged by the lender for the loan), and any fees and penalties (late payment). Again, all these details vary by lender and state and will be disclosed before the customer signs up the loan agreement. Even after the customer filled out an online application, he does not need to agree to the loan terms if he does not like them. AS soon as the applicant signs the agreement, he bears responsibility for loan repayment and any fees he agreed upon. That is why each customer should fully understand the loan terms and rates before he signs up an agreement with one of the lenders of QuickLoans.net network.
The service guarantees no hidden fees and attractive quick loans with bad credit.
Application Process on QuickLoans.net
QuickLoans.net website offers a simple and quick online application process, which will only take three minutes. For this, customers just need to fill in the application, get a loan approval and get the cash online.
Even being an intermediate service between a customer and a lender, QuickLoans.net collects the following types of personal information:
- Social Security number, Driver’s License/State ID #;
- Banking account details;
- Income information;
- Phone number, physical address, and email address.
The positive aspect is that the company requires no guarantor for getting quick loans online.
Once the customer completes this online application, QuickLoans.net lender network will match him with the lender that meets his individual financial needs. Smaller loan amounts have a higher chance of being approved if compared to loans in the amount of $1000. Once the customer is approved for a loan, he will be provided with the best loan offer, can see the terms and rates of the loan and decide whether to agree to this offer or not. If the customer accepts a loan offer, he will get the funds in the nearest time sent directly to his banking account. Users should carefully review the terms of each lender.
Loan Repayment on QuickLoans.net
Applicants should know that they will not have to send in a check via postal mail. With QuickLoans.net, they can save time. Loan payments can be automatically debited from the checking account of the borrower according to the terms of the individual loan agreement. Generally, a customer does payments via automatic withdrawal from the bank account. However, if they do not like this repayment method, they can contact the online lender for alternative solutions.
If a customer is not able to repay his loan and interest by the scheduled due date, he will have to pay additional late fees. The lender also has a right to start collection activities. The late payment policy varies by lender and is specified in the agreement. Bear in mind that QuickLoans.net online service will not be able to help you in this case. For advice, you need to contact the lender directly. Besides, the lender-matching service does not enforce repayments.
Does QuickLoans.net Offer Loan Extension?
As specified on the website, loan terms vary by state. This also implies to loan repayment extension. If customers live in a state that allows loan extensions, he can contact the online several days before the due date to make arrangements if they cannot repay the quick loan within the specified period according to the loan agreement.
As soon as a customer repays his loan in full, he can apply for a new loan with QuickLoans.net after 72 hours.
The website does not share any information on whether customers are allowed to repay their loans before the specified date (if possible) to save money.
QuickLoans.net Bad Credit
Even if customers have a bad credit score or no credit history, they can still apply for a quick loan online. Some lender does not even perform a credit check. Of course, this varies from lender to lender however many lenders in the network of QuickLoans.net approve a loan regardless of bad credit score (including bankruptcy and other financial issues), if customers meet the basic requirement specified on the website.
Technical Characteristics of the Website
Checking Secure Connection
As indicated on the website, QuickLoans.net protects customers’ personal information by using a 256 bit SSL encryption protocol. They guarantee customers can be sure that their private information is secure when applying for a payday loan with the lender network and that the website is secure 24 hours a day. We looked at the top left corner of our browser and found there a small lock symbol and an “https” before the domain name that proves the website is protected. However, it turned out that the website uses only a 128 bit SSL encryption protocol, which is considered a minimal encryption if compared to 256 bit SSL:
The security certificate is verified by GlobalSign nv-sa:
In general, the minimal encryption may be enough to protect applicant’s personal information, but the company should not misguide the applicants by saying they are using a high encryption.
Checking QuickLoans.net Mobile Version
QuickLoans.net has successfully passed a Mobile-Friendly Test offered by Google:
A mobile version of the website makes life easier for its “mobile” visitors, that is, potential buyers. No need for horizontal scrolling, everything is displayed correctly, the functional works correctly. For example, using the mobile version, it is much more convenient to view the company’s portfolio and product catalog.
The content is shortened, the secondary information blocks are removed, the front page contains the most important information. The structure and functionality are a bit changed, the style compliance with the site is preserved.
We can say that quickloans.net mobile version is able to fully resolve all issues of this website.
The lender-matching service claims to use up-to-date technologies to protect customers’ secure information. However, the website uses no antivirus.
With antivirus, customers could feel calm when visiting this website: they would know that the won’t “catch” unwanted viruses or get infected with other online threats. Antivirus protection would have added more trust to QuickLoans.net. Regretfully, the online service did not provide customers with this additional protection.
The Convenience of Using QuickLoans.net
The lender-matching service guarantees a convenient and easy online application which will only take a few minutes. The customers do not need to register on the website. They just need to click the orange “Get Started Now” button to start an application process:
The online application is really simple and does not require much time. Applicants are asked to answer some basic questions and provide some personal information:
- Name, physical address, phone number, date of birth, email address
- Driver’s License/State ID #, Social Security Number;
- Employer’s name and phone number;
- Income details;
- Deposit Details.
The application displays only 1 question at the time. Once you have clicked on the necessary answer, you go to another question. The examples of these question can be seen on the screen below:
Once the procedure is completed, you will have to wait for some seconds while QuickLoans.net is matching you with the lender from its base:
Finally, you will be transferred to the website of a lender the online services has selected based on the information you’ve provided during application. In our case, the online service suggested using Triangle Cash for a cash advance:
The thing is that customers will have to start an application process once again on this new website. In the end, the lender will make an offer, and it’s for you to decide whether you accept it or not.
On the one hand, this online service is useful, as it helps you find the most suitable online lender basing on your financial situation and needs. But on the other hand, the application process will be twice as long, since customers will have to fill out two application form online: on QuickLoans.net and on the website of a direct lender. When using the lender-matching service, you do not know the exact cost of the loan, interest rates, terms and any other fees associated with a loan. So you just have to fill in the details and hope the offered terms will be acceptable. It would be disappointing to reveal too high interest rates after you have filled in all the required personal details.
What we like about QuickLoans.net is that this website contains some useful information for applicants. Using a special section Tips and Trick, customers can read articles to become financially educated:
So we can conclude that the website is useful but not informative, since there is no information about loan rates and terms, and such information is very important for applicants. People want to know all the details before they apply for a cash advance.
Is QuickLoans.net Legit?
ScamAdviser.com is a website that gives people the ability to quickly check a website before using it. It’s very important to be sure the website is trustworthy especially if you have to use your credit card. The analysis showed that QuickLoans.net has a high trust rating – 80% out of 100% and looks safe to use:
The domain age is almost 13 years which is a relevant age for an online lender-matching tool. Besides, we feel calm that the website was not banned during this period. The website is located in the USA but ScamAdviser did not manage to determine the owner of the website since for some reason it uses a service to hide its identity. The website has very few customers but is regularly refreshed. Using an anonymous service means that the company has something to hide. Perhaps this was the reason for Scam Adviser to give only 80% out of 100% to this service. We may suggest that users may have a positive experience with QuickLoans.net, but before applying for a loan we recommend confirming the legal address with the website’s owner.
The website does not have a separate section where its clients could share their experience with QuickLoans.net services.
However, the main page of the site contains one testimonial which looks like an advertisement. According to Jennifer Burback, this service rescued her in a difficult financial situation. She was approved $300 for two weeks and had no problems with the lender. The testimonial looks the following way:
For obvious reasons, we can’t trust this testimonial as it could be composed by the website’s owner. And we wonder how this comment appeared on this website?
QuickLoans.net Reviews on Independent Websites
Regretfully, we were not able to find any Quick Loans reviews on third-party website or forums. This seems suspicious, as many lenders receive comments even after a few years of operating. Lack of independent QuickLoans.net reviews is a very bad indicator, which means that this online service is either not popular or not active. What is a chance that a reliable lender-matching service does not receive any reviews over 13 years?
Contact Us section
Quick Loans Contact Information
The lender-matching service provided the following contact information on the website: a physical address and email address:
Unfortunately, a phone number is not indicated, but each customer wants to know this information since this is the quickest way to reach the representative of the company. QuickLoans.net is not a transparent website and this may alert some clients.
Customer Support Service
According to QuickLoans.net, they welcome any questions related to the services of the company. Customers can use the contact form or email the customer support.
The company promises to reply to any question within 24 hours. They claim to be experts in the field and can answer any questions about the website, the application process, and any other information applicants need to make a decision. Unfortunately, Live Chat option is not available on the website. We decided to post our question mailing at firstname.lastname@example.org to find out whether customers are able to repay their loans early in order to save money.
We waited for 12 hours but did not receive any reply. It seems that QuickLoans.net customer support is poorly organized.
QuickLoans.net is an intermediate party which could be useful in some cases since this online service has some benefits: it has only a few basic requirements to apply for cash advance and welcomes all customers regardless their credit score. The application process is easy, but it requires customers to fill in too many personal information. Considering that QuickLoans.net is just a broker, this could be stressful for some customers. When using this service customer do not know exactly what they are getting into until they fill out the application form. It would be so much better to learn approximate interest rates before starting an application process. What seems most strange is that the service received no reviews over 13 years. We found no proof that QuickLoans.net has a good reputation and operates legally. We recommend you look at other lending institutions before using this service for short-term loans.