Moneyline Loans | Reviews

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Moneyline Loans

About Moneyline Loans

Moneyline’s service may not be the most recognisable on the block, but this is an experienced lender that has been in business since 2002. They had started out with a branch in Blackburn and over time would build up a sizeable network of 17 branches. There is no need to visit one of these with a full online process in place. This company adapted online in 2014. We looked back at an old page from this year and they had benchmarked themselves against the doorstep giant Provident. They still compare them today as well as other established web brands. They are well positioned to do this in offering excellent market value regardless of poor credit.

Credit scores aren’t important here, but rather affordability. What could however put off some applicants would be the requirement of a full 12 month’s worth of bank statements. They’ll require access to these via Open Banking. First time applicants can select between £100 and £500, rising in £50 increments. A sizeable £1500 can later be reloaned. Either 3, 6 or 8 months are available for the repayment. The Moneyline loans certainly shine in the pricing department. For a £300 loan you pay just £53.01 (3m) or £96.48 (6m). This is the cheapest bad credit 3 month loan available and the 2nd cheapest at 6 months. Moneyline’s reviews are also highly supportive rating at 98% on Trustpilot with 2300+ reviews.

Company Details

Address: The Globe Centre, St James Square, Accrington, BB5 0RE

Brand: Moneyline (aka: Money Line, Moneyline UK)

Company: East Lancashire Moneyline (IPS) Ltd

Contact (📧):

Contact (☎): 0345 643 1553

FCA Licence: 660597

Launched: 2002 (history) | 2014 (online)

Niche: Instalment

Opening Hours: Mon/Fri (9am-6pm), Sat (9am-4.30pm)

Related Brands: Non

Site Address:

Site Rank ( Global): #7,611,869

Product Specs

Amounts Available: £100 to £500 (£1500 on reloans)

Late Payment Fee: £0

Login Provided: No (one-off payments only)

Pricing: £53.01 /£300 (3m) & £96.48 /£300 (6m)

Repayment Terms: 3 to 8 months (3, 6 & 8)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: 98% (2310+ count)

Rivals & Similar Lenders Like Moneyline

The big instalment players like Dot Dot, Provident, Satsuma etc are seen as key competitors. More likened rivals that focus on value are Conduit, Drafty and Fair Finance. Conduit stands out in offering the cheapest 6 month price of £64.24 (vs £96.48 here). Fair Finance charges £116, but £92 on reloans. Drafty’s service would likely be out of reach with poor credit. Moneyline’s main obstacle over the years has been their market exposure. They just don’t advertise enough and it’s unlikely that a lender like this would be attached to broker pingtree panels. With a global Alexa rank surpassing 7.5 million, this places them outside the top 20 for the 3 & 6 month sectors.

Last Check @ May 3rd, 2021

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