List of Payday Lenders That Have Closed Down

Last Update: November 25th, 2016

In a recent Q&A the FCA Cap was queried that was initiated back on January 2nd 2015. This capping comes in at 0.8% daily and as we covered in the mentioned posting, this resulted in many lenders ceasing trading after that point. There has been that many casualties that it can be difficult to keep track of all of them. These closures even started popping up months before every lender had to make the alterations to their pricing. Some more well known firms didn’t close, but they instead adapted their products to take on longer terms and so there are now considerably less options when it comes to monthly-only solutions.

The idea of this page was to compile a list of payday lenders that have closed down recently. However, we have also added the grouping of “Less Recent” that notes any older closures. Below the main list we will also mark any inactive firms in other subprime sectors. Most of the recent closures will be in light of the cap, with the more dated casualties being due to the competitive nature of this sector. Smaller firms simply find it difficult to compete, but this is not always on the merit of their product, yet typically relating to their advertising budgets. We have started to provide intros for some of the more popular listed brands below (these are linked).

List of Payday Lenders That Have Closed Down:

Monthly and Short Term…
321Cash
AccessFastMoney
BongaLoans
CashAccess
CashGenie
CFOLending
ChequeCentre (online) | Active: High Street
DirectMoney
DoshLoans
FullPocket
GetaPaydayLoanFast
LiquidAdvance
MiniCredit
MoneyInAdvance
PaydayFirst
PaydayOverdraft
RapidCashAdvance
ReddiesDirect
SafeLoans
SpeedyCash (online) | Active: High Street
SwiftMoney
TheCashStore (high street chain)
UmbrellaLoans
WagePayday
YorkshireCash

Monthly and Short Term (Less Recent)…
BishBoshDosh
CashBob
CashCafe
CashCentral
CashWindow
CommunityPayday
DebitCardLoans
DoshExpress
EasyFinanceClub
IDosh
Instacredit
LandaLoan
LifeboatLoans
MicroLendUK
MumsPaydayLoans
PoundAccess
SpeedeLoans
SpeedyDosh
TheLendingWell
ToothfairyFinance
TxtMeCash

Alternative…
BalmoralFinancial (not fully closed, but their new product requires employers signing up)
CFOLoans
Greenwood
LadderLoans
LendUK
LogbookLoansPro
MyHomeFinance
QuickQuidFlexCredit
ShelbyFinance
Zebit

Alternative (Less Recent)…
FLMQuick
GuarantorLoansOnline
Loans4Tenants

Notes: Companies displayed under single name to avoid excessive keyword density. All sorted alphabetically.

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