Shawn Manaher
Shawn Manaher
Updated on November 16, 2022

 If you’re looking for a loan or information about your credit score, you might have heard of Quickcredit. Here is everything you need to know.

Finding loans and ways of getting financial help when you need it can be difficult. If you’re wondering how to get a loan, you might have come across Quickcredit. Many people use this company to get loans, so you might be wondering how you can do that.

Quickcredit is a loan company owned by the Southern Management Corporation. It’s a small loan consumer finance company offering loan services in the United States.

Quickcredit offers many different types of loans for all types of credit scores. This guide will cover how to get a loan through Quickcredit and will cover some of your most asked questions when it comes to the company.

Quickcredit Reviews

Before getting a loan with any company, you want to make sure you talk to some with personal experience. If you don’t know anyone that has used Quickcredit, you can look at the online reviews and see what people are saying. 

In the case of Quickcredit, most sites show a mix of bad and good reviews. This means there are people who had good experiences and those that did not. Some people also expressed that they would never use Quickcredit again and would not suggest it to their friends.

Some people also stated that even though they got preapproval for a loan from Quickcredit, they were then denied once they filled out the official application. This is not uncommon when it comes to loan companies though. You might get denied if your credit score changed after getting the pre-approval notice. They might also see that your debt-to-income ratio is too high and then not be able to offer you a loan.

Most of the complaints also came with the online system. There is often confusion with the balance information, and people are not sure what their payment or balance is since the system often displays incorrect information. This can make it hard to know how much money you still owe, which can be frustrating.

Overall though, many people say that Quickcredit is professional and that they distribute the funds in a timely manner. They also say customer service is easy to reach, which makes handling problems with your account or money very easy.

All the staff is also said to be very knowledgeable and professional. This allows you to take out a loan in confidence. You can also call customer support anytime you have questions.

Some borrowers also complain about the high-interest rate. However, your interest rate will depend on your credit score. If your credit score is low, you will have a problem finding loans with low interest from any lender.

Most of the complaints from the company are circumstantial. For example, someone with low credit will complain about the interest, while someone with high credit will say that their experience was good and their interest was low.

Quickcredit is designed for those with bad credit, though, so borrowers with bad credit will find that they are offered loans with better interest than what other loan companies are able to give them. You can also be approved for a loan of up to $3,000 and have the funds in your bank account on the same day you’re approved.

What is the Southern Management Corporation?

Since Quickcredit is owned by the Southern Management Corporation, you might want to learn more about them so that you can get a better picture of Quickcredit. The Southern Management Corporation is headquartered in Greenville, South Carolina.

They are a small loan consumer finance company. They are one of the largest loan companies in the US, offering small loans to individuals and businesses. They operate in 6 states with almost 300 branches.

Frequently Asked Questions

After reading the above guide, you might still have some questions when it comes to Quickcredit and how you can apply for a loan. Here are some of the most asked questions and their answers to help you learn more about the company.

Can I Get a Second Loan with Quickcredit?

You might already have a loan with Quickcredit, and you’re wondering if you can get a second one. Quickcredit does not allow you to get another loan if you are still making payments on your first one.

Once your first loan has been paid in full, you can begin the process of taking out a second loan. You will still need to go through the approval process, though. Quickcredit always has the option of denying you, especially if you made late payments or if you did not always agree to the loan terms.

If you had a good experience with Quickcredit and you need to take out a second loan, you can go through them again. If you had a bad experience and need a loan, you might want to consider another lender.

Keep in mind, though, that the more debt you have, the harder it will be to manage. Just because you have closed out one loan does not necessarily mean you can handle another one so soon. Always review with a financial planner if you aren’t sure about your budget or financial situation.

Does Quickcredit Do a Hard Inquiry?

When applying for loans, you might be wondering if the company does a hard inquiry. Hard inquiries are important because they impact your credit score negatively and will make your score drop a few points temporarily. This can make it harder to get loans within the next year since your credit score took a hit.

When you go through the loan application for Quickcredit, they will make a hard inquiry on your credit score to see if you are approved for a loan. So, if you are applying to many different loan companies, you might see your score drop.

It’s always a good idea to only apply for loans you are pre-approved for. If you’re pre-approved, you have a good chance of getting the loan which makes the slight dip in your credit score worth it. If you keep applying for loans and are not getting approved, you will see your credit score dropping for no reason.

What Will My Monthly Payment Be?

This depends on your loan term, your interest rate, and how large your loan is. Larger loans will have higher monthly payments, and loans with high interest will also have larger monthly payments.

Longer loan terms will help you have a lower monthly payment, but they also usually have higher interest which means you will pay more over the long run. Always make sure to read your loan terms thoroughly because they will tell you how much you’re paying and how much of the payment is interest.

Try to get shorter loan terms and low interest if you can. The higher your credit score, the better loan terms you will get. If your credit score is low, you might want to spend some time building it back up before applying for loans.

Is Quickcredit a Scam?

Some people are wary of online lenders because they think they might be a scam. It’s always important to read online reviews for a lending company before getting a loan with them. You should also read the fine print of your loan terms to make sure there is nothing in there that seems suspicious.

If you aren’t sure, you can ask a knowledgeable relative or a financial planner to go through the loan terms and see what they say.

There are some pretty mixed reviews online for Quickcredit, which is why some people are so wary. There are some people that had excellent experiences and others that say they were ripped off.

Since the reviews are mixed, you should spend some time exploring their website and seeing what they can offer you. You might also want to contact support and talk to a real person rather than just relying on reading reviews online.

Since the reviews are mixed, you should feel confident before signing a loan with Quickcredit. Although not everyone had a good experience, you can make sure yours is better by reading all loan terms and getting the best rate possible.

In Closing

As you can see, Quickcredit is an online loan company that is a subsidiary of Southern Management Corporation. They give out loans to people in the United States. You can apply online for their loans. They will check your credit score and then determine if you’re eligible for loans and with what interest and payback term.

If you’re needing a loan and want to use an online lender, you can look into using Quickcredit. Despite the mixed reviews online, many people have had positive experiences and enjoyed their experience using Quickcredit. Just make sure to read the terms of your loan and always make your monthly payment on time to avoid late fees.

Shawn Manaher

Shawn Manaher

Shawn Manaher is a former financial advisor, has founded 5 online businesses, and is a coach, speaker, podcast host, and author.

He's been featured on Forbes, The Consults Corner on TAE Radio, The Writing Biz, What's Your Story, and more.

He loves to share his personal finance tips and money management wisdom with others to help them find financial freedom.
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