Pounds to Pocket Loan Alternative
Looking for a Pounds to Pocket loan alternative? Well, we consider BingoLoans a great option! A short term loan is a loan which you can borrow for up to a year, they tend to be anywhere from £100-£1,500. They might be secured, but are mostly unsecured meaning they have no asset against them.
As Pounds to Pocket were one of the UK’s largest most known lenders, they might come to mind when you think of borrowing. But, they are no longer accepting applications from new or returning customers. If you were a returning customer or even a new customer you might be feeling a bit confused as to where you can get another loan. But, luckily, there are plenty of other lenders and brokers in the UK who will be able to help.
Here at BingoLoans, we offer payday loans and short term loans to offer you exactly what you need. Unlike other lenders and brokers, our loans begin at £100 and finish at £1,500. This is to give you a better option when it comes to borrowing. We understand that not everyone wants to take out a minimum of £200 when they only need £100.
Who are Pounds to Pocket?
Pounds to Pocket were a provider of short to medium term cash loans. They offered payday and short term unsecured loans between £200 and £2000 to UK residents for a variety of different backgrounds and lifestyles. As a previous leading UK lender, they were known for there fast loans. But that doesn’t mean they were the only lender who offers a service just as fast.
Pounds to Pocket eligibility VS BingoLoans?
For all lenders and brokers, the eligibility criteria are always quite similar. None of them has any dramatic differences as all companies are asking for necessary details, but some criteria’s might be more specific than others. In this case, the difference between BingoLoans and Pounds to Pocket Loans is not too different, there are a couple of slight differences but not too many.
Firstly, similarly to BingoLoans, at Pounds to Pocket, you must be 18 years old and be a UK resident. As well as this, for both, you must have a valid bank account. The main difference between the two is that at Pounds to Pocket, you must receive an income through employment or self-employment. Whereas at BingoLoans, you must either be in permanent employment or be receiving various allowances. This could be things like pension income or disability benefits.
Are Pounds to Pocket a Direct Lender?
The main difference between BingoLoans and Pound to Pocket before they went into administration was that they were just a lender. Whereas, we are a direct lender and a broker. In other words, Pounds to Pocket were only able to offer you their own services. So, if they had rejected you, it would have taken a lot more time to find a loan on your own. But, we can offer you our own loans, as well as providing you with access to the UK’s largest panel of lenders. We try our best to find you the best loan deal that you can get your hands on.
Why is BingoLoans a great alternative to Pounds to Pocket?
One of the main aspects that Pounds to Pockets returning customers loved about their loans is the speed in which they could apply and get the money in their accounts. Little do they know, there are plenty of lenders out there who offer the same, if not faster services. It tends to be larger banks who are unable to provide you with fast loans as they can take weeks if not months to apply, process and get back to you.
Here at BingoLoans, we offer short term and payday loans which can reach your bank in a matter of hours. This means fast applications, fast acceptance and fast transfers. We know that nobody wants to sit waiting for their loan for days, weeks or months, especially if it is for an emergency. So, this is why we pride ourselves in fast and simple services. As you will see, our online application service is a stream-lined, straight-forward process to follow and complete. On this, we only ask for the information that we need from our applicants in order to make a decision.
|BingoLoans||Pounds to Pocket|
|How much can I borrow?||£100-£1500||£200-£2000|
|Approval Rates||High Approval||Good|
|Repayment Terms||3 – 12 months||6 – 12 months|
|How do I apply?||Online||Online|
|Minimum Age?||18 years old||18 years old|
|Are there any hidden fees?||No||No|
How do I apply?
To apply for a loan with BingoLoans all you need to do is complete some simple, easy steps. If you click the apply now button on the home page of the website or click ‘here‘, you will be redirected to the application form. After this, you need to complete the form and click submit. So, once you have submitted your application, we will get it straight away, meaning we can inform you of our decision as soon as possible.