Direct Lenders For Bad Credit

The One Stop Money Shop is FCA authorised direct lender for bad credit – so we are able to take a view on less than perfect credit scores and help you borrow between £200 to £1,000. As a direct lender, we will be the company who you work with from start to finish – and there are no other middlemen involved.

To start your application, simply click on the apply button and it will take 5 minutes to complete our online application. You will receive an instant decision letting you know if you have been successful or not and further to some additional checks, funds can successfully be transferred to your bank account within 1 hour.


What is a payday loans direct lender?

The One Stop Money Shop is a direct lender that offers an alternative to payday loans. We are the company who you apply with directly, we process your application and transfer the funds to your account once approved. There are no brokers involved and you have peace of mind knowing that you are working with one established company and your details are held safely and securely.

Founded in 2002, we have become one of the most established money lenders in the UK and are fully authorised by the Financial Conduct Authority with a strong commitment to responsible lending and treating customers fairly.

Our entire application is online from start to finish and you can apply using a desktop, mobile or tablet and all you need is access to the Internet. Our loan application is available to complete 24 hours a day, 7 days a week including weekends and we will always aim to process and fund your application as soon as possible.

  • No guarantor required
  • Bad credit considered
  • Same day funding
  • Instant decision
  • No upfront fees

Why apply with a payday loans direct lender?

Safe and secure: As a direct lender for bad credit, our site is hosted on an SSL meaning that there is an extra layer of encryption to make your data and information more secure. In addition, as part of having a consumer credit license and being FCA authorised, we take special precautions with keeping your information and data safe – so it will not be passed onto other companies without your consent.

More transparency: In the competitive payday loans world, it can sometimes be hard to distinguish between payday lenders and brokers. When applying with a direct lender, it is clear who exactly you are dealing with and what rates you will be charged. You will not be sent to multiple companies and this will not impact your credit score or lead to unsolicited phone calls and text messages.

No upfront fees: There are no upfront fees charges for applying with The One Stop Money Shop and we only charge interest on the successful completion of your loan. Meanwhile, there are brokers in the industry which may charge fees for applying and applying directly through our website means that you are able to avoid this.


Can I get approved with bad credit?

Yes, as a direct lender for bad credit, we are willing to take a view on customers with poor credit and those with a history of defaults and arrears. We understand that keeping a perfect credit score is not always realistic and there are always going to be circumstances that arise that lead to the occasional missed payment – and sometimes these are out of our control.

The One Stop Money Shop is instead interested in your current financial situation and your desire to repay your loan on time through your employment and income, and not your past history. With this in mind, we are willing to consider bad credit loans and anything you can do to improve your credit rating such as closing down any unused credit cards, stores cards or paying off any debts will always maximise your chances of approval.


What is the criteria for applying?

To be eligible to apply with The One Stop Money Shop, you must be over 18 years of age and a full-time resident in the UK. Other basic criteria includes:

  • Employed and able to make monthly payments
  • Valid UK bank account
  • Valid mobile phone and email address

Once your loan application has been completed, we will typically carry out a series of credit and affordability checks to ensure that you can afford to make monthly repayments. This may involve adjusting the amount that you wish to borrow to find the best amount for you. In some cases, we may request a proof of employment such as a payslip or recent statement.

Why apply with The One Stop Money Shop?

The One Stop Money Shop is your place to borrow £200 and £1,000 repaid over 6,9 or 12 months. We provide a first class customer service from start to finish and you are able to obtain the funds directly into your bank account in one lump sum.

Our application is 100% online and with no fees for applying, we are the perfect loans partner to help you get the finance you need.