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Fair Finance Loans | Reviews

Fair Finance Loans

About Fair Finance Loans

Fair Finance is an experienced social enterprise active since the year 2005. Today they have built up more than 30,000 customers. Their potential for growth has improved considerably since they expanded nationwide, although this has been restricted somewhat by their lack of promotion. They originally opened several branches across London where payouts needed to be completed in person. They have adapted to operate both fully online that means that everyone now has access to affordable credit. They have opted to maintain 3 of their offices (these are situated in Brixton, Dalston and East Ham). Fair’s product is highly flexible spanning from 6 to 18 months. Any month across this range can be selected.

The option is also there to repay weekly if you’d prefer, but this isn’t advisable as the prices jump up. In the pricing examples shown an admin fee is included, but this is taken from the money sent out. Customer loyalty is rewarded here with existing customers receiving a cheaper deal. Longer term borrowing is quite expensive compared to what’s out there. It’s advisable to opt for their instalments for their best value. At 6 months they charge £116 for £300 and then £92 when returning. Qualified funds are typically paid in 24 hours, but they do close at weekends. Eligibility is relaxed with coverage for people on benefits, with CCJs or defaults. They score higher than any instalment competitor on Feefo.


AvantCredit Loans | Reviews

AvantCredit Loans

About AvantCredit Loans

Avant was founded in Chicago by Al Goldstein alongside John Sun and Paul Zhang. Al Goldstein had previously formed Enova who had been a key local competitor until their recent closure. After formation in 2012 their first personal loan was issued in 2013. The UK division also started in 2013 under the SpringCoin name. They later changed this in early 2015 adding “Credit” on what they are known stateside. Globally, this firm has helped 600,000 customers with 80,000 of these being located in the UK. Collectively more than £3.5 billion is impressively borrowed annually across their user base. This company is famed for their in-house proprietary technology that determines an individual’s creditworthiness.

AvantCredit’s product is competitively priced and they lend sizeable amounts typically pitched by banks. Between £1000 and £25,000 is made available although only £20k max is selectable on their homepage calculator. To match the high sums you can spread the loan across as long as 72 months. This lender importantly operates 7/7 across matched times of 9am to 6pm with same day payouts pitched. A variable interest range is headed, but most pay 42.5%. This translates as £205.16 for £1000 per year that is currently the cheapest subprime deal on the market. AvantCredit’s Trustpilot score has taken a bit of a battering recently falling to 50% (1040+). Their American site in contrast scores at 94% (9640+).


118 118 Money Loans | Reviews

118 118 Money Loans

About 118 118 Money Loans

118 118 Money was launched in September 2013 as a personal loan alternative for near-prime borrowers. Essentially they targeted the middle ground between banks and payday lenders. More recently in 2018 they launched their own credit card that was the first ever subscription-based card. This is a peculiar product in that it charges no interest, yet even if your balance is clear you’ll still pay a monthly fee. Joining the world of personal finance seemed like a logical step forward. Most people are familiar with their directory service that arrived in 2002. This is still popular despite customers paying £2.43 plus the access charge. It’s confusing why people don’t just search for information for free with a simple Google search.

118’s loan is packaged from £1000 to £5000 across 12, 18 or 24 months. At a year a good credit score gets £176 for £1k, but most borrowers pay £428 since this is the representative charge. Self-employed workers are considered. This service has become increasingly popular as seen over the past 12 months where they’ve attracted 400,000+ applications with 100,000+ total customers. The latest ranking of has been competitive sitting in the region of 800k (global). They have 3400 Facebook fans and have received high praise on leading review portals noting Feefo (96%) and Trustpilot (89%). Customer support here is available 7/7 for new loan applicants and then 24/7 for existing customers. Payouts are aimed within 24 hours.


247Moneybox Loans | Reviews

247Moneybox Loans

About 247Moneybox Loans (Closed = Further Details to Follow Soon)

247Moneybox is one the UK’s largest payday lenders. This brand is the sole operation of Active Securities Ltd that was incorporated in 2006. 247Moneybox’s launch would follow a few years later in 2009 and so they have just marked their impressive 10 year anniversary. Outside of the UK, this project had been extended to Canada and New Zealand. Both sites were however soon taken down. As suggested by the name, this service operates as a “24/7 Money Box” hence you (as an existing customer) can request subsequent borrowings on any day around the clock. It should be noted however that their customer support hours are restricted to Monday to Friday (8.30am to 6pm).

When applying for the first time at you’ll be able to access a modest £200 max, but in the future this limit is increased to £800. When price capping hit the payday sector we saw most lenders adapt to cater instalments, but this company opted to stick with their original monthly-only service. This experienced lender has clearly benefited from the closure of such heavyweight brands as PaydayUK, WageDayAdvance and Wonga. Regardless of these key closures, this is still a tricky sector to compete in and they’ve grown impressively through minimal advertising. Even still, they’ve attracted more than 83,000 fans on Facebook alongside attracting over 3700 reviews on Trustpilot where their rating is fair at 81%.


Ferratum Money Loans | Reviews

Ferratum Money Loans

About Ferratum Money Loans

Ferratum’s global expansion has been impressive to witness with 23 markets now served and long term plans to hit 50 countries. This company was started in Helsinki, Finland, by Jorma Jokela in May 2005. They have generally spread out across Europe although they have started to expand further noting Brazil and Mexico. Collectively, the group serves 800,000+ active customers (+186k global Facebook fans). There has been a drop though since we can recall a 1.5m tally quoted some years back. The UK market has been served since 2010 when they started trading from Liverpool. Local progression has taken its time, but they are now considered as a major brand in the payday and instalment sectors.

The early focus at was to cater flexible short terms spanning between 7 and 37 days. They would later switch to instalments across 2 products, but the larger option (called PlusLoan) was discontinued. They now cater 1 to 4 months on amounts ranging from £50 to £700 for newcomers and £1000 max when reloaning. They do for reference also push business loans on their site (£50,000 max on a 18 month term). This lender has historically been strict with bad credit, but this has eased a little. They have for instance lowered the minimum age from 23 down to 18. Support is available during working days only, but existing customers can request funds 7/7.


Uncle Buck Loans | Reviews

Uncle Buck Loans

About Uncle Buck Loans

Dartford-based Uncle Buck is one of the longest running subprime lenders in operation since 2004. This company started with ex-pawnbroker Steve Murray who managed to build up a large team of around 100 employees. We had a peek behind the curtain some years back when the ITV documentary “Cash in Hand! Payday Loans” followed the workings of Uncle Buck’s collections team. A rough video is on Dailymotion if you’d like to check it out. At that time they were paying out around 12,000 loans monthly. An interesting group acquisition of Ancora Capital Ltd brought in a trio of brands (RedWallet, VarioLoans and WagedayXpress), but for some reason they opted to sell this business off to brokers RevUP Media Llc.

Whilst historically operating as a payday lender, a complete switch over to instalments was taken on. 2 monthly instalment options of 4 and 6 months are available. An issue when opting for 6 months is that you need to borrow at least £425 to access this term. One standout feature with this lender is that they process applications 7/7 across extended hours of Mon/Fri (8am-9.30pm) and Sat/Sun (9am-6pm). Measuring brand popularity has always been tricky through the skewed search queries made for the John Candy movie of the same name. They have just over 3600 fans on Facebook. Buck’s traffic ranks have remained competitive. They alike others have benefited from the closures of high profile competitors.


Peachy Loans | Reviews

Peachy Loans

About Peachy Loans (Now Brokering Only = Further Details to Follow Soon)

Peachy’s first loan was issued in June 2011 (after being formed in 2010). Since arriving on the scene they have served over 2 million customers. Kristjan Novitski created this venture after moving on from TxtLoan (now MyJar) that he founded alongside others. This company had been the sole operation of Cash on Go until recently. Uploan was launched in 2019, but it didn’t appear that this project would ever see the light of the day (Uploan’s site had a coming soon notice back in 2014). Peachy’s service itself has took on a series changes over time. It has now morphed into one of the most flexible products around with any selectable month of 1 to 12.

Across this range all customers can select from £100 to £1000. Applications are processed through the vibrantly styled 7 days a week. This site usually floats just within the top 10 most visited of their catered sectors. Their profile has been boosted from strong search engine rankings and they have also advertised on TV. Social media has always worked well for them to build up customer loyalty. They have just under 30,000 fans on Facebook where they have lots of engagement on posts with various competitions often taking place. With pricing, you could receive a £5 promo discount (not available on the payday term, but this has now expired). Do note that any CCJ on your record (6 years) will see a decline.


George Banco Loans | Reviews

George Banco Loans

About George Banco Loans

The George Banco company was formed in November 2013 and they began lending a few months into 2014. They had started out as a guarantor lender, but would in time add the option of a personal loan. Early growth had been spurred on by key broker partnerships. They had for instance worked with the leading retail lender The Money Shop. A significant milestone came in August 2017 when they were acquired by Non-Standard Finance for £53.5m. NSF had already acquired Everyday Loans (+TrustTwo) in December 2015, as well as the August 2015 deal for Loans at Home. Banco’s owner now controls a 180,000+ customer base with around 25,000 being attributed to the guarantor division (includes TrustTwo).

This tally is quite modest when you consider that the market leader (Amigo) has 224,000+ customers. The traffic performance (Alexa ranking) of has been sporadic over the years. They remain a top 5 guarantor lender, whilst for unsecured 12 month terms they now sit just outside the top 5. Banco’s 2 products have slight differences. For unsecured you can receive between £1000 and £5000 paying £285.56 per £1000 over a year fixed. Their guarantor product extends to a whopping £15,000 and a cheaper deal is also available at £236.12 if you can find a backing aged 21-75. Same day payouts are pitched, no late fees are charged, they have amassed 7660+ reviews on Trustpilot scoring 96% and have 1700+ Facebook fans.


Bamboo Loans | Reviews

Bamboo Loans

About Bamboo Loans

Bamboo is an established provider of bad credit loans with or without guarantors. This lender has operated since 2014 and today has more than 50,000 customers. They employ 80+ staff across 3 offices situated in Caerphilly, London and Southampton. The Southampton office deals with new loan applications and Caerphilly manages existing customers (London’s purpose is unclear). Boo the Panda is the brand mascot of that has historically been a top 5 visited site in their catered sectors. They have remained in this ballpark region, but their Alexa ranking did take a dip across 2019 and now in 2020. This has also been the case with George Banco who are a similar matched competitor.

The 2 products available each start from £1000. The caps do differ though with the non-guarantor option stopping at £5000 and the guarantor option extending to £8000. Homeowners or tenants are accepted on that side between ages 21 and 72. Pricing is matched across each over a year at £235.72 for £1000. This is the representative example, but a variable range is headed as 26.9% to 89.9%. Just remember that with very poor credit you are likely to be asked for a backing even if you are opting for unsecured. Bamboo’s score on Trustpilot is excellent at 98% from 16,900+ reviews (the best in the sector). Not many customers however go on to follow them on Facebook where they have captured 600 likes.


On Stride Financial Loans | Reviews

On Stride Financial Loans

About On Stride Financial Loans (Closed = Further Details to Follow Soon)

On Stride Financial was launched in 2014 to fill the market demand of large personal loans for bad credit without a guarantor. There have been various product changes over the years. They historically offered £1k to £10k (1-5 yrs) and then £1k to £3k (1-2 yrs). A significant change occurred recently in early 2019 when the owner (Enova) opted to close down the Pounds to Pocket brand. As a result, they adapted their full monthly range of 6 to 12 months. As well as this you can pick 15, 18, 21, 24, 27, 30, 33 or 36 months. The complete loan range is £150 to £5000. As well as Stride’s service, Enova has continued to operate QuickQuid for payday.

The popularity of has been sporadic. There was a significant spike recently when P2P closed since they advise users to move across on that side. Their local Alexa rank had climbed to #24,029. They have now lost this and rank globally at around 500k. Advertising is generally low key here and unlike other Enova projects hasn’t benefited from TV ads. This service is equipped with variable rates across multiple tiers. The most expensive charges are key since these tie in with the representative examples that most people pay. The difference between £300 at 6 months is £45.24 (prime) vs £280.95 (subprime). Stride’s hours have recently extended to 7/7. Feedback has been mixed noting 96% (Reviews) vs 30% (Trustpilot).


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