The Money Shop
The Money Shop has entered into administration and is no longer able to accept applications for direct loans. †
Are you looking to borrow between £100 and £10,000? Little Loans could help you look for a loan that suits your personal circumstances.
Who is Little Loans?
Little Loans is a credit broker, not a lender. We work with a large panel of trusted lenders who offer short-term, personal loans with repayment terms from 3 to 60 months, depending on how much money you apply to borrow.
Why choose Little Loans as your The Money Shop alternative?
- We’re authorised and regulated by the Financial Conduct Authority (FCA).
- Our credit broking service is completely free to use.
- All quotes are no-obligation.
- One straightforward online form, which should take no longer than five minutes to complete.
- All credit scores are welcome to search for a loan.
Who was The Money Shop?
The Money Shop was a UK-based direct lender. It offered short-term, personal loans from £100 to £2,000, which could be repaid over 3 to 12 instalments.
What happened to The Money Shop?
The Money Shop was a trading name of Instant Cash Loans Limited.
On October 9, 2019, instant Cash Loans Limited entered into a scheme of arrangement.
Can I still make a claim against The Money Shop?
No, it’s no longer possible to make a claim against The Money Shop. The last date to submit a claim was April 9, 2020.
I’m still looking for a loan – are there any alternatives to The Money Shop?
While you can no longer apply for a loan with The Money Shop, there are still several companies that could help you search for the right loan for you.
Little Loans can scan a panel of lenders to look for a loan based on the information provided on your online form.
Who can search for a loan with Little Loans?
You can use Little Loans to search for a loan if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account with a valid debit card; and
- Have a regular source of income paid directly into your bank account.
What if I have bad credit?
Little Loans welcomes people with all credit scores to search for a loan.
While getting approved for a loan when you have bad credit can be tricky, there could be options for you.
There are a number of lenders – including some of those on the Little Loans panel – who specialise in loans for those with bad credit.
I have no credit history; what are my chances of being approved for a loan?
Having no credit history is often referred to as having a ‘thin’ credit file and is common in those who have never paid bills or borrowed before.
As with bad credit, having a thin credit file could make getting approved for a loan difficult; however, Little Loans works with several lenders who are willing to consider applications from those with no credit history.
How does the Little Loans process work?
Our online form is straightforward and can be completed in under five minutes at a time and place that suits you.
- Select how much money you need to borrow and how long you’d like to repay. Complete our online form.
- In just 60 seconds, we will use soft search technology to carry out a check on your financial history and search our panel of lenders for a suitable loan.
- If we’ve matched you to a lender, you’ll be redirected to their website, where you can find out more about the loan offer.
- Should you decide to make a full application directly with the lender, you will need to provide some further details and undergo a hard credit search.
- If the lender is happy with the outcome of their checks, you will be sent a credit agreement. Make sure you set some time aside to carefully read through the terms and conditions.
What’s the difference between a soft and hard search?
A soft search is a way for lenders and credit brokers to gain an insight into your financial history without leaving a mark on your credit file or affecting your credit score. Soft searches are only visible on your credit file to you, as well as the company that carried out the search.
A hard search will affect your credit score and will also leave a footprint on your credit file for up to 12 months. Where possible, you should try to limit the amount of hard searches on your file, as too many within a short period of time could have a negative impact on your credit score.
I’ve been approved for a loan; when will I receive my money?
Each lender will have their own payout timeframe. Some of the lenders on our panel can send your money the same day your application is approved, although please bear in mind that the time it takes for the money to appear in your account will depend on your bank’s policies and procedures, such as if they accept Faster Payments.
If you need money quickly - to cover an emergency bill, for example - you may wish to speak with your lender before making a full application so you know when you can expect the funds to arrive.
I’m worried about money; where can I get help?
Sadly, money worries can happen to any of us, at any time, but it’s important to remember that whatever you’re facing, you don’t have to go through it alone.
You can access free, impartial, money and debt management advice on a range of sites, including StepChange, MoneyHelper, Citizens Advice, and National Debtline.
† The Money Shop was a direct lender that went into liquidation in October 2019. The domain name The Money Shop was then sold.
The Money Shop is a registered trading name of New Horizons Finance Limited, which is an Introducer Appointed Representative of Flux Funding Limited.
The Money Shop the direct lender and The Money Shop the Introducer Appointed Representative are two separate entities.
This article is from June 2024; all information was correct at the time of writing.
Straight forward
“Easy pleasant service, quick decision and easy account management.”
Laurissa Marsden
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