Short Term Lenders

The Quick Cash Club @ www.thequickcashclub.com

The Quick Cash Club (TheQuickCashClub) arises from Chandler Hart Ltd and was launched in 2012 at www.thequickcashclub.com. This company was interestingly devised by a previous employee who was involved in the development of both the FLM Loans and Quick brands. The Quick Cash Club is designed alike FLM Quick and is essentially a payday loan with a guarantor attached. The guarantor must be a UK resident above 21 years of age and they must have a good credit history, but they don't have to be a homeowner. These loans range from £50 to £500 with the charge per £100 being set at £17.73 that does includes a fast transfer that will be processed on any working day once the agreement has been put in place.

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The Lending Well @ www.thelendingwell.com

The Lending Well (TheLendingWell) reached the market in 2012 and managed to pick up some media interest at the time. This is with them being the very first peer-to-peer payday lender (P2P lender). This is a concept that has been championed by Zopa that now instead caters the payday loan market. The Lending Well at www.thelendingwell.com are based in Bicester who stand in charge, but you yourself could be a lender. There are many lenders involved who pool the funds together. They state that each lender will earn up to a 12% return each year. In regards to the loans, the figures range from £100 to £750 (there looks to be a new customer restriction, but this isn't stated). You can choose flexible terms from 10 to 31 days.

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CashCall @ www.cashcallpaydayloans.co.uk

CashCall (Cash Call) is a direct lender that currently operates at www.cashcallpaydayloans.co.uk. This is a recent switch in 2012 since when I last checked they operated at www.cashcall.co.uk. It is difficult to pinpoint their founding year (this is likely to be either 2006 or 2009). The brand itself is devised by CashCall Finance Ltd who are based in Loughton (in Essex). They aren't to be confused with Cash Call that is a very popular loan service in the United States. Loans between £100 and £300 will be available for new customers, with £750 being possible for existing customers. You can choose a term range between 7 days and 35 days that is a nice touch. The interest charge in place is competitively priced at 1% per day.

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Cash Access @ www.cashaccess.co.uk

Cash Access (CashAccess) picked up the www.cashaccess.co.uk domain in 2009 and later launched their business in 2010. This short term lender arises from Risk Inc Ltd and is based in London. The loans here start at £100 and rise up to £1000 with the FAQ stating that £500 is the maximum sum for new customers. The loan calculator shows a term range from 10 to 34 days. A £100 loan for 15 days would cost £15, whilst if we double up to 30 days this cost would be £30. This 1% rate is shown within their charges and FAQ page, but their calculator shows errors. There is a Cash Access promo code listed on the homepage (ATB2), although this no longer works (it did reduce by 20%).

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H&T Payday Loans @ www.handtpaydayloans.co.uk

H&T Payday Loans (H&TPaydayLoans) was launched on its own domain in 2012 at the address of www.handtpaydayloans.co.uk. They of course arise from H&T Pawnbrokers that is part of H&T Group Plc. H&T (Harvey and Thompson) became active in 1897 with them only recently looking to take a slice of the online market. Instant Loans Direct was covered recently that was the dedicated partner for H&T, but they now as you can see lend directly. The charge on each £100 per day costs approximately £0.67. This would equate to £4.67 for 7 days or £20 for 30 days. These are competitive rates, although for a quick transfer you will have to add £7 (otherwise a slow transfer is available).

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PoundAccess @ www.poundaccess.co.uk

PoundAccess (Pound Access) is a direct payday lender based in London that operates at www.poundaccess.co.uk. This brand from VIA SMS UK Ltd looks to have launched their impressive flexible short term loan service in 2011. Loans from £1 and £500 are available that can stretch between 1 and 30 days. The pricing is set at just above 1% per day. The interest per £100 would cost £7.25 over a 7 day term or £31.07 over a 30 day term. An additional £5 fast transfer must also be added to the interest charge that will get that cash sent across quickly. Whilst many lenders match Wonga when it comes to loan term flexibility, non of them really match Wonga when it comes to offering flexible loan amounts.

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Mobile Quid @ www.mobilequid.com

Mobile Quid (MobileQuid) launched their text loan service in 2010 via the www.mobilequid.com domain. Mobile Quid is a trading name of MQ123 Ltd who are based in London. At this time you can only apply for £100 here with the loan term standing at 7 days. The charge on this £100 loan will be £12 that is made up by £6.50 interest and a £5.50 fast transfer fee. Further small charges will be in place should you apply for loans with them via text. Many text loan lenders here in the UK that initially started out with set 7 day £100 loans eventually switched to provide more flexibility such as for example Bonga Loans and Quid24. Whether this company will follow this trend remains to be seen.

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CashBob @ www.cashbob.co.uk

CashBob (Cash Bob) is a flexible payday lender homed in Rotterdam (Netherlands) where they have become a popular name. The www.cashbob.co.uk site houses their local expansion into the UK that was launched in the year 2010. This expansion has been quite slow paced, that is also the case with Ferratum who are another big payday lender from Europe to take on the UK. The CashBob loans available here are small for new customers sitting between £100 and £200 with existing customers being granted a possible £800. The flexible terms are a nice touch that ranges between 6 and 35 days. The interest rate is set just above 1% per day. You would for example pay £7.28 for £100 over 7 days or £31.20 per £100 for 30 days.

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Toothfairy Finance @ www.toothfairyfinance.com

Toothfairy Finance (Tooth Fairy Finance) is based in London and operates today from www.toothfairyfinance.com that was setup back in 2008. This brand is a trading them of Toothfairy Finance Ltd (now officially Web Loans Processing Ltd) with the company also previously trading under CIM Technologies Ltd. Various brands have spawned in the past from them including Credit Checkout, Go Get Loan, OK Cash, Take Out Cash, We Give Credit and so on. Some of these sites are not operational today. Community Payday and Easy Finance are quite popular brands, but Toothfairy Finance is their prime asset. This loan was available either over 14 or 28 days. They have increased this now to include 7, 14, 21 or 28 days. The interest per £100 is £9 for each 7 days.

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Ferratum UK @ www.ferratum.co.uk

Ferratum UK (FerratumUK) is a short loan lender operating locally in the city of Liverpool via the www.ferratum.co.uk domain. This is actually just one such country that they operate in today with the Ferratum Group from Finland catering a wide range of countries (in the region of 20). The company arrived in the year of 2005, although the local launch came in 2006. Although the majority of lenders featured on this site specialise in subprime lending, you will find that Ferratum will likely turn down those with bad credit. They for instance require all applicants to be above the age of 23. To cover the charges in place here, the interest over 7 days sits at £6.60 per £100 borrowed and you must also add £5 fast transfer fee.

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