Apply now
  1. Home
  2. How it works
  3. Loan guides
  4. Payday loans

Payday loans

If you need to borrow money and you’re thinking of getting a payday loan, you may want to consider other options first. While they are easy to set up, a payday loan can escalate into a problem debt quickly. It can also negatively impact your credit rating if you don’t make your repayments on time.

What is a payday loan?

A payday loan is a type of short-term loan that is designed to cover you until your next payday. You will then repay the full loan amount and interest when you next get paid.

How do payday loans work?

Payday loans work similarly to other types of loans, in the sense that you apply, and the money is paid straight into your bank account. However, payday loans have a reputation for extra charges. Payday lenders usually add on additional interest and, in some cases, roll the loan over meaning that they could lend you even more money to cover the repayment. A lender can only roll your loan over twice though, charging extra interest as it goes along. This is how some people can end up with substantial debts that become unrealistic to repay and the debt becomes unmanageable.

Is a payday loan right for me?

A payday loan is almost definitely not the answer if you need money for:

  • Household bills
  • Rent or mortgage payments
  • Repaying debt from other lenders

An alternative to payday loans

If you’re thinking of getting a payday loan, you may want to consider an alternative option of a Morses Club doorstep loan. Also known as home collection loans, our doorstep loans are small unsecured cash loans, organised face-to-face with one of our local agents. We don’t charge anything for late or missed payments, meaning that if your circumstances change it won’t cost you anything extra. With a Morses Club loan, we make it clear from the very beginning how much you’ll pay back with no hidden charges or fees.

You can apply online using our online application form. You will receive a response within minutes letting you know if you’ve been approved in principle for your loan. Once you’re initially approved someone from your local branch will contact you to discuss visiting you and finalising your application. You could have your cash in a matter of days.

If you think a doorstep loan from Morses Club might be the payday loan alternative you’ve been looking for, then apply now.

Apply now

Existing customers can borrow up to £1500 subject to approval.

Customers love Morses Club

Morses Club
5/5 Trustpilot review 5/5 stars 5 stars definitely Yes 5 stars would recommend this company. I’ve had a few loans with this company & never A probl... 5/5 Trustpilot review 5/5 stars My agent gives first class service… My agent gives first class service she’s there for me when you need to know anything about your acc... 5/5 Trustpilot review 5/5 stars Good money easy repayments Excellent… Good money easy repayments Excellent team of staff many thanks 5/5 Trustpilot review 5/5 stars fantastic company fantastic company 5/5 Trustpilot review 5/5 stars Was hesitant about using this service… Was hesitant about using this service at first but after a consultation with a very knowledgeable... 5/5 Trustpilot review 5/5 stars Very good service and good agents Very good service and good agents 5/5 Trustpilot review 5/5 stars Loan Agent lovely and simple process no messing about 5/5 Trustpilot review 5/5 stars Letter So friendly,always listen if any concerns and work with you if in difficult in payments. Never let m... 5/5 Trustpilot review 5/5 stars I have been a customer for years and… I have been a customer for years and have always had excellent customer satisfaction with no complai... 5/5 Trustpilot review 5/5 stars Great loan company There are a great company would recommend them to anyone. 5/5 Trustpilot review 5/5 stars Excellent! Excellent! Friendly, helpful, in every way 5/5 Trustpilot review 5/5 stars nice And helpful The company is very good and easy to talk to about anything to do with loan and the customer service... 5/5 Trustpilot review 5/5 stars Very help staff Very help staff 5/5 Trustpilot review 5/5 stars Get help from them very friendly Get help from them very friendly 5/5 Trustpilot review 5/5 stars My agent is polite My agent is polite , helpful and a pleasure to know, Morses club is a great company
Rated 4.6 out of 5 based on 1891 reviews. See some of the reviews here. Powered by trustpilot