Pixie Loans
Pixie Loans is no longer trading†, but if you’re looking to borrow money, Little Loans could help you find the right loan.
Little Loans is a credit broker. We work with a large panel of trusted and responsible lenders who offer loans from £100 to £10,000 with repayment terms from 2 to 60 months, depending on how much money you apply to borrow.
Little Loans as your Pixie Loans alternative
- Our service is completely free to use.
- No-obligation quotes.
- One, straightforward online form.
- We’re authorised and regulated by the Financial Conduct Authority (FCA).
- All credit scores welcome to search for a loan.
- Check your eligibility before you apply.
Who was Pixie Loans?
Pixie Loans was a trading name of Pixie Loans Ltd, and was a direct lender, offering short-term loans from £150 to £1,000, with a choice of either 1, 2, or 3 month repayment terms.
Their slogan was ‘a little magic when you need it.’
Is Pixie Loans still lending money as a direct lender?
Pixie Loans is no longer a direct lender, and is therefore unable to accept applications for direct loans. If you’re looking to borrow up to £10,000, Little Loans is happy to assist with your search.
I want to search for a loan with Little Loans. How can I do this?
Firstly, you will need to make sure that you meet our eligibility criteria, which we’ve set out below.
You must:
- Be over the age of 18;
- Be a UK resident;
- Have a UK bank account and valid debit card; and
- Have a regular source of income paid into your bank account.
Our online form should take no longer than five minutes to complete.
Here’s everything you need to know about the Little Loans process.
- Select how much money you need to borrow, and choose a repayment term. Fill in our online form as accurately as possible.
- Using the information provided, we’ll run a soft search on your financial history and scan our panel of lenders for a suitable loan.
- If we find you a match, you will be redirected to the lender’s website. Here, you can read more about the loan and decide whether you’d like to go ahead and make a full application.
- Happy to proceed? At this stage, you will be required to undergo a hard credit search.
- If the lender is satisfied with the outcome of their checks, you’ll be sent a loan agreement. Take the time to carefully read through the terms and conditions.
Things to be aware of before you apply
- You should never borrow more money than you need, or can afford to repay.
- Soft searches do not impact your credit score, and will only be visible on your file to you, and the company that carried out the search.
- Hard searches will remain on your credit file for up to 12 months, and too many hard searches within a short space of time could harm your credit score.
- If you’re matched with a loan and decide that it’s not quite right for you after reading through the information on the lender’s website, you’re under no obligation to continue with the application.
What if I have bad credit? Could I still get a loan?
Getting approved for a loan when you have bad credit can be a challenge, although it’s not impossible.
Several of the lenders on the Little Loans panel are willing to consider applications from those with poor credit.
Bad credit loans often come with high interest rates, and it might not always be possible for you to borrow as much money as you’d like.
When will I receive my money?
Please be aware that every lender has different payout timeframes. Some of the lenders on the Little Loans panel could send your money the same day as your application is approved, although the time it takes for the funds to show in your account will depend on your bank’s policies and procedures.
I can no longer afford my repayments, what shall I do?
If you’ve taken out a loan that you’re experiencing difficulties in repaying, you should contact your lender.
Making late repayments or missing them altogether can seriously affect your credit score and make it tricky for you to get approved for credit again in the future.
You should try to make contact with your lender as soon as you feel like you may miss an upcoming payment. They will be able to talk you through any potential options that might be available to you.
Worried about money? We understand.
Money worries can feel really consuming and isolating, but please don’t suffer in silence.
Free, impartial advice on money and debt management is available on a range of websites, including StepChange, MoneyHelper, Citizens Advice, and National Debtline.
† Pixie Loans was a direct lender that is no longer trading. The domain name Pixie Loans was then sold. Pixie Loans is a trading style of Maxed Up Media Ltd, who are a credit broker, not a lender.
Pixie Loans the direct lender and Pixie Loans the credit broker are two separate entities.
This article is from June 2024; all information was correct at the time of writing.
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Representative example: Amount of credit: £1000 for 12 months at £123.40 per month. Total amount repayable of £1,480.77 Interest: £480.77. Interest rate: 79.5% pa (fixed). 79.5% APR Representative. We’re a fully regulated and authorised credit broker and not a lender