NextCredit Review |


Address: Unit 19, Basepoint Centres, Oakfield Close, Tewkesbury Business Park, Tewkesbury, GL20 8SD.
Branding: NextCredit. Also known as: NC, Next Credit.
FCA Licence: 649567.
From: NextCredit Ltd.
Launched: 2012.
Memberships: Non.
Related: Credit On Demand.

Loan Details…
Available: Monday to Sunday (9am/11am).
Bad credit considered: Yes.
Manage: NextCredit login provided via
Offers: Short term loans.
Pricing: £5.60/£100 (7 days).
Sums: £100 to £300 (new) | £300 max (returning).
Terms: 7, 14, 21 or 28 days.
Notes: Credit On Demand is tied to this company through Web Loans Processing Ltd (known for Toothfairy Finance) who are no longer active after entering administration. Similar specs such as operational times, repayment selections etc are in place, but they do trade on different licences. Whether the same team from Toothfairy is still running these mentioned companies is unclear.

– Operations: This lender processes applications every day that is notable. The active times across each day are highly restricted though at just a few hours. This would pose as more of a problem for new applicants who may have to wait until their application is vetted by a team member.

– Amounts were available at £100 to £400 and so there has been a slight reduction here.
– Operational days and times have always been a little peculiar here. They opened between Monday and Friday from 9am to 5pm. They then closed on Saturdays, but re-opened on Sundays again from 9am to 5pm. They are importantly now open 7/7, but it is rare to see such limited times.
– Pricing now calculates to match the 0.8% cap. They used to charge £9 per £100 over each weekly period and so if you went for their maximum repayment (28 days) then the full cost was £36. You paid these same amounts at most Toothfairy-related firms.
– SMS apply options were originally in place. Whilst we did spot the SMS promotion on a social media profile, there was no such mention of texting on their site.
– Website design has been improved significantly. Going back a few years, they used to provide account logins through a second website.