Cash generator loans are typically given in exchange for possession of an item. The item that is offered will usually be worth considerably more than the money that is borrowed, so if the loan is not repaid as agreed, the item is handed permanently to the lender. At QuidMarket, we do not offer cash generator loans in the UK, but instead, focus on providing short term loans for those with temporary cash flow issues or in need of funds for emergency payments. Our loans start from as little as £300 to £600 for new applicants, and up to £1,500 for repeat applicants, so if you are looking for a way to cover a short term issue, we may be able to help.

  • Quick and easy application
  • FCA authorised responsible lender
  • New customers can borrow between £300 and £600*
  • Returning customers may be eligible to borrow up to £1,500*
  • Flexible repayment terms between 3-6 months
  • Poor credit applications considered
  • No hidden fees
  • No guarantor or collateral required

*Loan amounts and repayment terms are dependent on affordability checks

We want to offer as much information about lenders and alternatives as possible to help you make an educated choice when it comes to applying for a loan. On this page, we will cover cash generator loans, how they work, and the available alternatives. Hopefully, this will help you to make an informed decision about which alternative loans like Everyday Loans are right for you and your financial position.

What Are Cash Generator Loans In The UK?

Cash generator loans in the UK can be found online and in branches. This type of loan is given in exchange for a high value item. This is offered on a temporary basis to the lender and is usually an item that is worth more than the amount being borrowed. This means that if the loan is not repaid in line with your agreement, the item will become the permanent property of the lender. If you do not want to repay the loan, you can simply sell the item to the lender, but you will only get a fraction of the original cost of the item.

There are various lenders that offer cash generator payday loans, and typically, applicants will be able to borrow between £50 to £1,000, depending on affordability and credit rating. Repayment terms can vary, but they are usually from 3 to 12 months, so there is some flexibility around the length of time to repay. However, these tend to be high interest loans, so they need to be carefully considered before applying. It is key to research, read cash generator loans reviews, and make your own comparisons to decide whether this is a viable option for you.

How Do Cash Generator Loans Online Work?

To begin, you will need to decide how much you want to borrow and how long you will need to pay it back. You should also think about any extra fees and interest that will be included in your repayment plan to ensure you can afford the repayments. You will then need to fill in an application online, and the lender will perform any credit or affordability checks that they need. Depending on the lender, you may know within 24 hours whether your application has been successful and receive an offer.

At QuidMarket, we do not offer cash generator loans, but instead provide a short term alternative to payday advance loans. These are unsecured loans with amounts starting from £300 to £600 for new applicants, and up to £1,500 for returning customers. We also offer flexibility in our repayment terms, so you can repay between 3 to 6 months, depending on your needs. This means that if you are looking for cash generator loans in the UK to cover a short term financial issue, we may offer an ideal alternative.

Can I Secure Cash Generator Payday Loans With Bad Credit?

Typically, individuals with bad credit are seen as high risk applicants to most lenders, but as you will be offering a high value item as security for your loan, you can usually secure these loans with bad credit. However, it is essential to find a lender that offers decisions based on affordability, as they could help you to avoid being detrimentally impacted. It is also key that you ensure you have enough cash to cover the loan repayments, otherwise your item will become the lender’s property.

Our bad credit loans are designed to help you cover unexpected costs, such as when you need to replace your boiler or repair your car. We take a personal approach to each application and base our lending decisions on affordability, rather than your whole credit history. This means that we look at your income and your essential monthly spending to ensure that you can comfortably afford the repayments on your instalment loan.

Are There Any Risks To Cash Generator Loans Online?

As with any type of credit, there should be a degree of consideration before applying for cash generator loans online. You should take the time to read reviews and create your own comparisons to decide whether it is right for you, but you should also understand the risks that are involved.

This type of loan is designed to help people bridge a period of time between the need for money, and a time when money is due to come in, similar to a payday loan. However, if you do not have a known way to repay the loan, it is not a good idea to apply for one, even if the lender is willing. The resulting fees and penalties that can be accrued from missing repayments could put you in a much worse situation than before you took the loan out. For that reason, it is better to seek out alternatives if you do not have a way to repay.

It is also key to remember that cash generator loans can be an expensive way to borrow with high interest rates. You may end up repaying more than you imagined, so it could be wise to use savings or try personal borrowing to cover your emergency loans situation.


QuidMarket do not offer cash generator payday loans, but we do provide loan terms of 3 to 6 months and completely tailor the repayment plan to suit your budget or needs. Our loans are designed to help applicants cover any emergency situations or short term cash flow issues, so they should not be used for any long term financial issues. Find out about our alternative to Vanquis and Lending Stream. For more information, contact the experts at QuidMarket or for financial support, visit the Money Advice Service for free and impartial help.

In order to make our cash generator payday loans alternatives sustainably affordable for every customer, we offer tailored quotes based on your unique financial situation. The amount you repay will vary depending on the term you choose between 3 to 6 months, so you can use the calculator tool on our homepage to work out an estimate of the costs for the loan you need. You can also rest assured that as lenders of cash generator alternatives, we follow the FCA guidelines, which means you will never pay more than 100% of the original loan amount (including interest and all other costs). We are always as transparent as possible with our loan options, and clearly lay out the full cost of your loan with no hidden fees or extra payments.

No matter the type of loan, applying always has an element of risk, as you will need to maintain repayments and protect your credit score. This means there are many things to consider before you apply for an alternative to cash generator loans in the UK, which will help you to decide whether they are right for your circumstances. Firstly, it is essential to look at your other options first, such as using a credit union, using your savings, or borrowing from friends or family. These options can offer lower or no interest rates, so may be a more affordable way to borrow. However, if you decide that a loan is truly the best choice, it is essential that you have the means of repaying. Missed repayments can damage your credit score and lead to difficulties when applying for credit in the future. As providers of cash generator payday loans alternatives, we are always on hand to help, so if you run into financial issues that affect your ability to repay, please contact us straight away.

If you have a low credit rating, you may have tried searching for various ways to improve your rating. There are plenty of methods you can use, including:

  • Registering on the electoral roll
  • Checking and correcting any mistakes on your file
  • Avoiding submitting too many credit applications at once
  • Paying your bills on time
  • Keeping your credit utilisation low

However, you may also see some improvements to your credit score by paying off monthly instalments of our cash generator loans alternatives in full. This will only apply if you are able to repay the minimum each month to avoid defaulting until the full amount is repaid. Once completed, a repaid account will be visible in your credit history, allowing future lenders to see how responsible you are with managing repayments, and potentially improving your rating.

Warning: Late repayment can cause you serious money problems. For help, visit: moneyadviceservice.org.uk