The Money Shop no longer accept loan applications for new or existing customers, so if you have been looking for the ideal alternative to The Money Shop loans, you may be in the right place. QuidMarket offer competitive short term loans from as little as £300 (to £600) for new borrowers, and up to £1,500 for repeat applicants, so if you need to find a lender like The Money Shop online, we are here to help. We base our quick and personal lending decisions on affordability, so we may be able to provide a variety of loan options for you, no matter your financial history.
- 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 guarantor or collateral required
- No hidden fees
- Quick and easy application
*Loan amounts and repayment terms are dependent on affordability checks
At QuidMarket, we believe in offering as much information about loan providers and alternatives as possible to help you make an educated choice when it comes to applying. On this page, we will cover The Money Shop UK, the types of loans that they offered, and the alternatives that are available. Hopefully, this will help you to make an informed decision about which alternative is ideal for you and your financial position.
Who Were The Money Shop UK?
The Money Shop was once Britain’s largest payday advance loans lender on the high street, but they went into liquidation in August 2019. Since the date of closing, they have no longer accepted loan applications from new or current customers, prompting many people to search for The Money Shop loans alternatives. Thankfully, there are a range of lenders available who can offer competitive loans with terms and rates to suit you and your needs.
One direct lender to consider for an alternative to The Money Shop loans in the UK is QuidMarket. Ever since we began operating online in 2011, we have strived to help hard working people meet their short term financial needs, whether they have an emergency loans situation to handle or a temporary cash flow issue. We offer a simple short term loan application process, particularly for those with poor credit, taking a personal approach to each application to check affordability.
How Does QuidMarket Work As An Alternative To The Money Shop Online?
As The Money Shop UK are no longer trading, you may be searching for a suitable alternative, and we could help. We offer loans based on affordability on a short term, which allows us to cater to people from a range of financial situations. With a personalised approach to checking each application that is submitted, we can make sure that each customer can afford the monthly repayments on their instalment loans. As there are a number of alternatives to The Money Shop available, it can be difficult to know which lender to turn to. However, at QuidMarket, we do the hard work for you and all we need you to do is fill out our online application form. You will be prompted to tell us how much you want to borrow and the amount of time you need to repay. We will then personally process your application to reach a lending decision, rather than use an automated computer programme.
Our short term loans offer an alternative to the payday loans provided by The Money Shop online, but we offer flexibility to ensure they could be easier to manage. We allow you to choose the amount you need, from £300 to £600 for new customers, and up to £1,5000 for repeat applicants, as well as bespoke repayment terms up to 12 months. We help thousands of customers with our flexible approach to lending by giving them the money that they need when they need it most, so we could be the ideal choice if you need an alternative to The Money Shop loans in the UK.
Why Choose QuidMarket?
Before applying for a loan, we recommend that you shop around to find your perfect alternative to The Money Shop loans. Take the time to create your own comparisons and read reviews to discover which lenders could offer you similar loans to The Money Shop online. However, you may find that the loans from QuidMarket are the ideal choice. Here are just a few reasons why:
We provide loans for people from a range of financial backgrounds, so we aim to keep our loan options as flexible as possible. We offer every applicant the chance to pay their loan back over a period that suits them, and provide the perfect amount of money for their needs. Our loans start from £300 to £600 for new applicants, or up to £1,500 for repeat customers, with a variety of amounts in between, so you can choose the figure that best suits you.
No Hidden Fees
We pride ourselves on our transparency, so if we were selected as your alternative to The Money Shop loans in the UK, we can assure you that there are no nasty surprises or hidden fees. No matter if you need cash loans, no credit check loans or something entirely different, we do not charge any upfront or late payment fees on top of the loan you choose. We take a simple approach, and clearly explain the loan and repayments before we come to an agreement.
Options For Bad Credit
QuidMarket was started with the aim of helping hard working people, even if they had poor credit history. We consider all applications, basing our bad credit loans on affordability to avoid leaving you in further financial difficulties. Instead of reviewing your whole credit history, we will assess your affordability, which includes reviewing your regular monthly income, your essential spending, and any other financial commitments to determine whether you will be able to comfortably make regular repayments each month.
Honesty and integrity are key in a loans provider, so we are proud to say that QuidMarket is fully FCA authorised. If you choose a direct lender that holds this authorisation, you can be sure that they are reputable, follow the correct regulations, and adhere to high standards when it comes to lending.
When offering loans to individuals in difficult circumstances or with poor credit history, it is crucial that we take a responsible approach. We have our applicants’ best interests at heart and will not let a prospective customer secure a loan if we believe that they do not have the means to repay each month. We want to make sure that no applicant is detrimentally impacted and if we believe that an individual will struggle to make repayments, we will not approve the application for their own wellbeing.
We want you to be completely confident when searching and applying for an alternative to The Money Shop, so there is no need to make a decision on the spot. Instead, you should take the time to review other lenders and create comparisons to see if there are any other alternatives available. However, it is worth remembering that QuidMarket offer flexible and competitive loans for terms as short as 3 months to cover any temporary financial issues. If you have any further questions about the loans we offer, please contact us at QuidMarket and our friendly team will be happy to help.