Morses Club

1658 reviews

433.5% Representative

Will lend between: £200 - £1,000

Over: 20 - 52 Weeks

Representative example: £200 loan repayable over 33 weeks at £10 per week, Rate of interest 102.4% p.a fixed; Representative 433.5% APR, Total amount payable is £330.

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  • Quick 40 second form.
  • No impact on your credit file.
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Morses Club customer reviews.

1658 reviews

4.6 out of 5 stars

Our review of Morses Club

Morses Club, which merged with Shopacheck in early 2015, state on their website that they help around 200,000 customers around the UK, 100 branches and 2,500 self-employed agents. Their website talks a lot about responsible lending and they appear to want to put a personal spin on the service they provide. Customers can apply online for up to £1000 if they have had a loan with Morses Club before and have proved themselves to be creditworthy. Following a home visit and final checks the agent will provide the loan in cash, and then call back each week to collect the repayments.

One thing to note with Morses Club is that even though the process seems simple and convenient, you are only able to receive a loan from them if you live in an area that is serviced by a branch and agents. You can check your eligibility on their website and if you don’t fall into one of these areas then Morses Club are unable to provide you with a loan.

Overall verdict: Morses Club seem to be able to attribute their success to their friendly agents with customers appreciating their personal touch. Nevertheless, ensure that you can afford the repayments before you apply as otherwise you will be faced with someone at the door who will leave disappointed and if it continues, you’ll end up damaging your credit rating.

Written by: Alex

Highlights

  • No charge for early repayment
  • Accept customers with poor credit history
  • Will collect repayments directly from you
  • Dedicated agent for each customer
  • Will collect weekly repayments directly from you

Minimum criteria

  • You will need to be over 18 years old
  • You must live in an area with an agent
  • New customer loans are repaid over 20 or 33 weeks

Fees

  • Maximum APR 433.5%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £0

Morses Club Customer Question & Answers

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About Morses Club

Morses Club offer unsecured loans between £100 and £1000 that can be repaid over 20, 33 or 52 weeks. For new customers they offer from £100 - £400 over 20 or 33 weeks. Their representative APR is 433.5%, however the rate you are given could differ, depending on your personal circumstances. Morses Club are a doorstep lender, so after the online application is completed and you are accepted, an agent will deliver the cash directly to your home and will then return each week to collect the repayments.

During the application process an initial form is completed online and includes a credit check, after this the customer will need to pick a date and time for their dedicated Morses Club agent to come to their house, finalise the loan and do an affordability check. The agent will also need to see photographic identification and either a utility bill, payslip, birth certificate or other official letter.

Customers are given a payment card that logs each of their repayment amounts, helping them to keep track of their balance and how many repayments are left in the loan term. There is no charge for settling the loan early - you will need to speak directly to your Morses Club agent who will be able to process this for you.

Company information

Registration number: 6793980

www.dotdotloans.co.uk

03300450725

Kingston House Centre 27 Business Park, Woodhead Road, Birstall, Batley, West Yorkshire, WF17 9TD

FCA registration

Reference No: 625039

Trading names: Morses Club

Place of business: Kingston House Centre 27 Business Park, Woodhead Road, Birstall, Batley, West Yorkshire, WF17 9TD

Data protection registration

Registration No: Z1684084

Data controller: Morses Club Limited

Address: Kingston House Centre 27 Business Park, Woodhead Road, Birstall, Batley, West Yorkshire, WF17 9TD

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk