Tappily
Tappily is no longer trading and is therefore unable to accept applications for credit. However, if you’re looking for a loan, Little Loans could help you search instead.
Little Loans as a Tappily loans alternative
Little Loans is a credit broker, and we work with a panel of trusted lenders who offer short-term personal loans from £100 to £10,000.
- Repayment terms between 3 and 60 months, depending on how much you apply to borrow.
- Little Loans – and all the lenders we work with – are authorised and regulated by the Financial Conduct Authority (FCA).
- Our credit broking service is free to use.
- No-obligation quotes.
- Check your eligibility for a loan with no impact to your credit score.*
*Should you choose to make a full application directly with one of our lenders, you will be required to undergo a hard credit search. This will remain on your credit file for up to 12 months, and too many hard searches over a short period of time could have a negative effect on your credit score.
Has Tappily ceased trading?
Tappily went into administration and are no longer trading.
On January 9, 2023, AlixPartners were appointed Joint Administrators of the Company. The following information was posted on Indigo Michael Limited’s website:
“As you may be aware, the business has been operating in a challenging trading environment, which became progressively more difficult due to factors that reduced lending volumes, as well as changes within the regulatory environment in which the Company operates.”
Can I still borrow from Tappily?
No, it’s no longer possible to apply for a loan with Tappily.
What’s happening with Tappily?
According to the Indigo Michael Limited website, any outstanding Tappily loans that had not been collected before April 9, 2024, would be marked as ‘partially settled’ on customers’ credit files.
Can I still make a complaint against Tappily?
The Administrators are unable to accept new complaints with effect from April 15, 2024.
Any complaints submitted before this date will be reviewed and customers will be contacted accordingly.
Are there any alternatives to Tappily loans?
If you’re looking for a short-term personal loan, there are a number of companies, including Little Loans, that could help you search.
Little Loans is a credit broker. We’re able to present your application to our panel of lenders and search for a loan to suit you and your circumstances.
Who can search for a loan with Little Loans?
You’re welcome to search for a loan using the Little Loans credit broking service if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account with a debit card; and
- Have a regular source of income paid directly into your bank account.
I have bad credit; what are my chances of being approved for a loan?
Some of the lenders on the Little Loans panel are willing to consider applications from people with poor credit history, although you should be aware that if you are offered a bad credit loan this could be at a higher interest rate. It’s also a possibility that you might not be able to borrow as much money as you’ve applied for.
How much money can I apply for?
The lenders on our panel offer loans from £100 to £10,000.
You should never borrow more money than you need or can afford to repay.
How long can I borrow the money for?
Depending on how much money you apply to borrow, you can repay your loan across a set term between 3 to 60 months.
The Little Loans process
- Select how much money you need and choose a repayment term. Fill out our online application.
- In just 60 seconds, we’ll run a soft search on your information; this will not affect your credit score.
- If a suitable match is found, you’ll be redirected to the lender’s website. At this stage, you can find out more about the loan and decide whether you’d like to go ahead and make a full application directly with the lender. This will include a hard credit search.*
- If the lender is satisfied with the outcome of their checks, you’ll be sent a loan agreement.
- Read through the agreement and the terms and conditions carefully. If you’re happy with everything, you can sign and return the agreement.
*Hard searches will remain visible on your credit file for up to 12 months, and undergoing too many hard searches in a short space of time could affect your credit score.
When will I receive my money?
Each lender has their own payout timeframe. Some of the lenders on the Little Loans panel can send your money on the same day your application is approved.
The time it takes for the money to appear in your account will depend on your bank’s policies and procedures.
Are you worried about money?
We understand just how daunting money worries can be.
If you’ve taken out a loan that you’re struggling to repay, you should contact your lender as soon as possible. There may be things they can do to help relieve the pressure, and they’ll want to work with you to put a plan in place moving forward.
Please know that you can seek free, confidential advice through various charities and organisations, such as StepChange, MoneyHelper, Citizens Advice, and National Debtline.
This article is from May 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