Trusted Quid Ltd

Trusted Quid Ltd, also known as Trusted Quid or TQ, is a short‑term loan provider based in the United Kingdom with a Scottish focus. It offers payday‑style loans through an online platform where applicants submit personal and financial details to request credit. The service is aimed at individuals needing quick access to small amounts of money for short periods. The company’s primary market consists of UK residents who seek temporary financial relief via digital channels.

The 2016 data breach disclosed that approximately sixty‑five thousand individuals had their applicant data exposed, indicating the volume of records the organisation processes. This figure reflects the scale of its user base at the time of the incident. The breach involved data collected over an extended period, suggesting a sustained flow of loan applications through its website. While no explicit employee count or revenue figures are provided, the breach size gives a sense of the organisation’s data handling footprint.

Trusted Quid specialises in short‑term, high‑cost credit delivered entirely via a web‑based application, distinguishing it from traditional brick‑and‑mortar lenders. Its business model requires the collection of sensitive information such as names, addresses, dates of birth, income, employment status, loan specifics and bank account details to assess eligibility and disburse funds. The incident prompted the organisation to engage law enforcement and regulatory authorities, highlighting its interaction with oversight bodies when security events occur. The company’s statement that the breach affected only those who submitted applications directly through its platform underscores the boundaries of its data exposure.

The supplied sources do not disclose details about Trusted Quid’s ownership, parent company or any subsidiary relationships. Consequently, no information on corporate structure or controlling interests can be confirmed from the available material. The organisation’s headquarters is located in the United Kingdom, as noted in the alias information. No further specifics regarding governance or affiliations are presented in the referenced breach notification.