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What do Excellent, Good and Average mean in terms of rate tiers?

April 26, 2017average excellent good mean rate terms Tiers

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What do Excellent, Good and Average mean in terms of rate tiers?

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The terms Excellent, Good and Average do not refer to your credit rating. These are terms that QuickQuid created for its three tiers of finance charges. Customers in the Excellent tier are charged £10 per £50 borrowed. Customers in the Good tier are charged £12.50 per £50 borrowed. Customers in the Average tier are charged £14.75 per £50 borrowed. Once we’ve chosen your tier and you’ve successfully paid off a loan, you are locked in at that tier with the ability to move up to a better tier.