Morses Club Loans | www.morsesclub.com Reviews
About Morses Club Loans
Morses Club has recently become the market leading doorstep lender as a result of the recent closure of Provident. Going back to the roots, Mr Levi Morse opened a drapery store in Swindon way back in 1878. Further department stores would open over time and they’d later employ agents to visit homes and sell goods on weekly credit. As time passed they’d switch to money and become well established, yet it has only been in recent years where we’ve seen the emergence of a major sector force. This was signified when they merged with Shopacheck in 2015. They’ve maintained their original name and have built on this with a series of acquisitions, alongside growing Dot Dot Loans into a premier instalment loan brand.
Collectively the Group is now serving more than 200,000 customers. The bulk of this tally (180,000) is attributed to this central company. This is also the case with their employees, with the Group’s latest financial report highlighting 560 employees supported by 1385 self-employed agents. Perhaps these jobs may become downsized soon through the recent development that has seen the addition of a no agent doorstep loan option. This hands you with the choice of how your collection will be made. All customers can now importantly use the Morses Club login equipped to www.morsesclub.com. This is a welcome upgrade as it’ss very rare to see online account management provided in this sector.
England, Northern Ireland, Scotland and Wales is served whether you’re going the agent route or not. On the product front, first time applicants can now apply for between £100 and £1000 with a future potential limit of £1500. These amounts had recently been increased. They’ve however also pushed the starting repayment period of 20 weeks higher. The full range is now 35 to 52 weeks. Over the starting 35w term for £100 you’d be asked to pay £75. As before, poor credit is welcomed whether you have had past CCJs, defaults etc. On Trustpilot this firm now rates at 92% from over 2100 reviews. This is only otherwise beaten by Skyline Direct (98%).
Address: Building 1, The Phoenix Centre, 1 Colliers Way, Nottingham, NG8 6AT
Brand: Morses Club (aka: MorsesClub)
Company: Morses Club Plc
Contact (📧): No email (form only)
Contact (☎): 0330 045 0727
FCA Licence: 707379
Launched: 1878 (as a drapery store)
Opening Hours: Mon/Fri (8.30am-6pm)
Related Brands: Dot Dot Loans
Site Address: www.morsesclub.com
Site Rank (Alexa.com Global): #459,025
Amounts Available: £100 to £1000 (£1500 on reloans)
Late Payment Fee: £0
Manage: Yes, a Morses Club login is provided
Pricing: £75 /£100 (35w)
Repayment Terms: 35 to 52 weeks (options undisclosed)
Feefo: Not listed
Reviews: Not listed
Trustpilot: 92% (2100+ count)
Rivals & Similar Lenders Like Morses Club
Provident had of course been the main rival. They had been dominant across their history and had 440,000+ customers shortly before closure. A key limitation with the feature firm is that you’ll need to borrow from 35 weeks onwards. This is over 8 months that may be too long for many. You could always try applying through the Group’s Dot Dot brand where they start at 3 months. There are various competitors that offer the choice of a no agent loan repaying through your banking. Those that do offer this though are generally much smaller firms that likely choose to remain localised whichever way that you repay. There are cheaper market options, but again you may not have access to these services depending on where you reside.
Last Check @ www.morsesclub.com: June 17th, 2021
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