Shopacheck Review | www.shopacheck.co.uk

Shopacheck

About…
Address: Kingston House, Centre 27 Business Park, Woodhead Road, Birstall, Batley, WF17 9TD.
Branding: Shopacheck. Also known as: Shopacheck Financial Services, SFS.
FCA Licence: 625039.
From: Morses Club Ltd.
Launched: 1980s. See notes.
Memberships: CCA, CCTA.
Related: Morses Club.
Website: www.shopacheck.co.uk.

Loan Details…
Available: Monday to Friday (9am/5pm).
Bad credit considered: Yes.
Manage: No Shopacheck login at www.shopacheck.co.uk.
Offers: Doorstep loans.
Pricing: £210/£300 (34 weeks).
Sums: £100 to £200 (new) | £1500 max (returning).
Terms: 34 or 50 weeks.
Notes: All of the specs are matched to Morses Club who they have now merged with. This has took the 1800 agent total up to 2250. Applications can still be processed through the discussed site although the loan itself will be issued by their new partner. There is no confirmation on launch, but it was sometime in the 1980s. They often make a reference to 1927 that was the founding year of Cattles Plc who have now sold their shares on to Bovess Ltd. All applicants must be aged at least 21.

Noteworthy…
– Eligibility: Over the years applicants with arrears and even CCJs have been able to qualify assuming that they met the affordability criteria. This lender has had to target subprime audiences in an effort to compete with the market leader (Provident) who have always done this themselves. As was mentioned above, there is an age requirement to meet though.
– Experience: They have been around since the 80s and their past owner dates back to 1927.
– Multi-memberships: The pair of CCA and CCTA memberships helps to provide extra re-assurances to customers. They have in fact always scored highly on customer satisfaction rates at 97%.
– Profile: This newly formed alliance is expected to mount a major challenge to Provident in the doorstep loan space. Shopacheck loans were already commanding the second highest level of market share before the merge. With the bankruptcy of Welcome Financial Services and the fall of Cattles Plc, it was going to take some big changes for this company to adapt and they now have the chance with Morse. Their big challenge faced is the fall in demand for this type of lending service that has lost traction to online lenders like Wonga.

Updates…
– Amounts were previously set at £200 to £500 (new) and £1000 (returning).
– Merge took place on the 1st March, 2015.
– SFS Loans was a secondary trading brand located at www.sfsloans.co.uk. This now redirects to www.morsesclub.com.
– Terms were at one time also selectable on 78 weeks.
– They did also price match Provident, but are now more expensive.
– Website has a new theme and the logo has been changed. It is not clear if they will choose to close down this site in the future, but you can apply at this time anyway.

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