Moneyshop

The Moneyshop is one of the best known payday loan lenders in the UK. Maybe one or two companies have got a higher profile, partially because of the fact that The Moneyshop is a recognised high street brand. There aren’t many other payday lenders that have that kind of presence.

Their high street presence is something of a cheaper process, due to the fact that it’s a more secure process. It’s usually based around cheques or similar, and there’s a face-to-face element that can involve seeing someone’s proof of ID and wage slip.

With an online payday loan, this is usually a more risky procedure, as it’s more difficult to conduct in-depth checks. This is partially why basic credit checks are usually performed by online payday loan companies. The speed that is a major part of online payday loans is also something that means faxing and emailing ID or proof of earnings isn’t something that usually happens.

Moneyshop vs Paydaybank.co.uk

So The Moneyshop has some advantages over online payday loans. However, they do have their disadvantages.
The obvious one is only being available for people who live close to a branch, as it’s going to be difficult for anyone else to get there. Another is that even then, you’ll either need to take time off work most days, or go during the busy lunch hour.

There’s also the public factor – you may not wish to go to a payday lending shop like The Moneyshop in your local area.

Whereas online payday loans are available all day and all night, from the comfort and privacy of your own computer. Decisions are usually made within minutes, and are automatic, so you don’t need to worry about filling in long forms face to face.

The Moneyshop obviously agrees that there are benefits to conducting business online, as they work closely with an online payday lender, offering identical rates to those shown on the front page of this website.

If you apply through Payday Bank, you won’t be put forward to just one payday lender – you’ll be put forward to multiple lenders, giving you a higher chance of your application being approved.

How to apply with us

If you’re at least 18 years old, and employed and live in the UK, and have a UK bank account, you can apply right now. No need to go to a local branch, no need to queue up and no need to talk to someone face to face. Instead, you can apply now and get an almost-instant decision. You’ll just need to fill in some basic information (including things like the details of where you live, where you work, how much you earn and your bank account details), and you’re done. It’s simple, convenient and also secure.

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