Flex/Pers

MyJar Loans | www.myjar.com Reviews

MyJar Loans

Intro…

MyJar is the sole operation of MyJar Ltd. This identify was rolled out in 2013 when it replaced TxtLoan that was formed in 2008 (actively trading since 2009). There was a few founders involved at start-up. The key man was Gert Koppel who later moved on. More recently he was hired at CreditStar. Another co-founder (Kristjan Novitski) would go on to launch Peachy (both launched in 2011). TxtLoan was the innovative and dominant player in the text loan niche that has generally phased out over the years. A more flexible approach has been taken with this revamped project. To date they have lent £405 million and issued 2 million loans.

About…

Brand: MyJar (aka: My Jar).
Company: MyJar Ltd.
Founder: Gert Koppel.
Launched: 2013 (2009 as TxtLoan).
Licence: 673214.
Offers: Instalment, personal.
Opening Hours: Monday to Friday (8am-8pm), Saturday (8am-6pm), Sunday (9am-6pm).
Other Projects: Non.
Web: www.myjar.com.

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Pounds to Pocket Loans | www.poundstopocket.co.uk Reviews

Pounds to Pocket Loans

Intro…

Pounds to Pocket was launched in 2010 to supplement the successful QuickQuid brand under the CashEuroNet UK Llc subsidiary. The initial approach was to deliver 12 month loans, but over time they’d add more flexibility from 6 months onwards. This service was innovative to what was around at launch. Back then they operated 24/7 and there was no other way that you could receive a sizeable same day loan with bad credit although there was of course a heavy price to pay. This brand progressed quickly, boosted along the way by TV ads. Competition did however mount over time and there was a notable change of control when Cash America and Enova spun off from each other.

About…

Brand: Pounds to Pocket (aka: P2P, PoundstoPocket).
Company: CashEuroNet UK Llc (subsidiary of Enova International Inc).
Founder: Jack Daugherty.
Launched: 2010.
Licence: 673738.
Offers: Instalment, personal.
Opening Hours: Monday to Friday (8am-9pm), Saturday to Sunday (10am-6.30pm).
Other Projects: On Stride Financial, QuickQuid.
Web: www.poundstopocket.co.uk.

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Satsuma Loans | www.satsumaloans.co.uk Reviews

Satsuma Loans

Intro…

Provident Financial pioneered the doorstep loan sector with Provident and they have enjoyed notable success delivering subprime credit cards under the Vanquis brand. The natural next big step for this thriving Bradford business was to deliver a competitive online service. This came about when they packaged Satsuma Loans and brought this project to the market in 2013. Satsuma’s product targets instalment periods from 3 months right up to a year. As it stands their customer base sits at around 80,000 that is quite a small portion of the Group’s 2.5 million user base. There has certainly been progress here though and they are now mixing it up with heavyweight instalment brands such as Lending Stream, MyJar and Sunny.

About…

Brand: Satsuma Loans (aka: SatsumaLoans).
Company: Provident Personal Credit Ltd (subsidiary of Provident Financial Plc).
Founder: Joshua Waddilove (Group).
Launched: 2013.
Licence: 002529.
Offers: Instalment, personal.
Opening Hours: Monday to Friday (8am-8pm), Saturday (8.30am-5pm).
Other Projects: Moneybarn, Provident, Vanquis.
Web: www.satsumaloans.co.uk.

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Sunny Loans | www.sunny.co.uk Reviews

Sunny Loans

Intro…

Mega ad spends have pushed this brand firmly into the limelight as the UK’s top instalment loan solution. They did have to grow quickly after only being introduced in 2013. You can however trace their roots back to 2004 through 1 Month Loan that the owner acquired from Fortress Group (UK) Ltd and then rebranded. This owner is Elevate Credit (previously Think Finance) who are based in Fort Worth in Texas. A secondary project called Quid was active for some time, but this was later closed. This leaves the single British operation and then in the owner’s home country they also run Elastic and Rise. Across this trio of companies they serve 1.8 million customers.

About…

Brand: Sunny.
Company: Elevate Credit International Ltd (subsidiary of Elevate Credit Inc).
Founder: Ken Rees.
Launched: 2013 (2004 as 1 Month Loan).
Licence: 673771.
Offers: Instalment, personal.
Opening Hours: Monday to Thursday (8.30am-7pm), Friday (8am-5pm), Saturday to Sunday (10am-3.30pm).
Other Projects: Non.
Web: www.sunny.co.uk.

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