Apply for a Payday Loans Alternative






How is The One Stop Money Shop different?






What is a payday loan?

A payday loan refers to borrowing money until your next payday – so if you have any pressing bills or emergencies and you cannot wait for your next pay cheque, this type of loan is designed to be fast, effective and used to tide you over until you get paid next from work.

Your repayment is scheduled on the day you get paid from work – so you can get the money you need upfront, pay off your bill and when you payday arrives, you can pay off the full loan and interest.


When would you use payday loans?

Payday loans should be used for emergencies purposes only such as paying for car repairs, household bills, rent and other family emergencies.

As an expensive form of credit, they should not be used as a long term solution to financial problems and should not be used to pay off other loans, credit or unnecessary spending.


Why use a payday loans alternative?






What is the criteria for payday loans alternative?

The criteria includes:

  • Full-time UK resident
  • Over 25 years of age
  • Employed and earning a regular income
  • Valid UK bank account
  • Valid UK mobile phone number and email address







Is One Stop Money Shop a direct lender?

Yes, The One Stop Money Shop is a direct lender and we will be able to process your application from start to finish with no other broker fees or other middlemen involved. We will be able to fund the loan into your bank account and take collections every month. Every part of the loan process is handled by our team from beginning to end and you can be rest assured that you are working with us only and not any other parties.

How do repayments work?

Your loan is repaid over 6,9 or 12 months in either weekly or monthly instalments. When you apply, you can select a pay date for each week or month and this will be the most convenient time for you to make your repayments.

Since most people get paid on the last working day or last Friday of the month, they typically choose this as their pay date, or just the day after to allow their income from work to come through.

Our loans are designed to give you flexibility so that you have the breathing space to spread repayment over 6 to 12 months if need be – and you have the option to repay early at any point and there are no extra fees for doing so.

How can I apply for a payday loan alternative?





Useful guides about payday loans

How do credit checks work?

How do repayments work?

What are the alternatives to payday loans?

What does it mean to have a loan in underwriting?

When should you and should you not use payday loans