Payday Lenders in 2021

PM Loans are still here providing Payday and Short Term Loans to all customers regardless of their credit history. Now more than ever, our unique service offering either our own loans or finding you a loan from our partners is your best chance for high acceptance.

Whether you are looking for a no credit check loan or just trying to find a guaranteed payday loan from a direct lender, try us first.

But what happened to all of the names you’ve seen on the TV and on adverts? We’ll try to keep this list updated!

PM Loans

We’re still here and still offering our best payday loans to customers.

How Much Would You Like?

Representative example: £15,000 borrowed for 24 months. Total amount repayable is £15939.20 in 24 monthly instalments of £664.13. Interest charged is £939.20. Interest rate 5.9% pa (variable), min 3.1% APR, max 1326% APR, min and max term: 12 - 60 months.

Read on to see what happened to alternative payday loan companies.

Uncle Buck Loans

One of the first casualties of Coronavirus was Uncle Buck who went into administration on 27 March 2020. If you’re an existing customer, you should still keep making your payments. If you were a loyal customer needing a loan, try our loan calculator.

MyJar Loans

MyJar was the most recent loan lender at the end of 2020 that went into administration. They offer an alternative to payday loans and seemed to be surviving the pandemic but administrators were appointed on 22 December 2020.

Peachy Loans

Possibly the very first collapse in 2020 was Peachy Short Term Loans, they suffered from a number of affordability complaints. The administrators and FCA are working on any outstanding claims although compensation is likely to be very limited.

Sunny Payday Loans

Sunny Loans gave up after increasing pressure from Coronavirus in 2020.

Elevate Credit International Limited (“ECIL”), which traded as Sunny, 1 Month Loan and Quid went into administration on 29 June 2020. They appointed KPMG and there has been some progress in finding a buyer for the loans that were outstanding.

Wonga Loans

Wonga was one of the oldest Bad Credit Loan Lenders and to some it appears they started the whole industry. Unfortunately they were thought by many to be predatory and charging sky high fees. Eventually in August 2018, they collapsed and could no longer function. They were the first big name to stop trading.

Quick Quid Loans

QuickQuid Short Term Loans were a familiar company to many with the company highly visible on TV advertising. They did a great job of explainign what Short Term Loans were meant to be used for. Ultimately, they didn’t do such a great job of looking after their customers.

On 25 October 2019 the company collapsed into administration. The company traded at,, and in the UK and provided lending services to the UK consumer market.

WageDayAdvance and Juo Loans

WageDayAdvance Loans and Juo Loans were both run by the same company, Curo Transatlantic. They went into administration on 26 February 2019 after receiving numerous complaints.

247MoneyBox Loans

247 Moneybox, much like Wonga and WageDayAdvance was a payday loan direct lender for a number of years. Affordability complaints finished them off in December 2019 and administrators were called in to try to deal with the compensation claims.

Piggy Bank Loans

PiggyBank was another short term lender that offered innovative products and tried to lend responsibly. Unfortunately the combined pressure of affordability complaints and investigation by the FCA left them unable to lend. They made a brief comeback at the end of 2019. In December 2019 they went into Administration and stopped lending.

Lending Stream

Lending Stream was one of the first wave of short term loan lenders, opening it’s doors in 2008. They offer 6 month loans to new customers whatever their credit score and pay out successful loans as fast as 90 seconds. To our knowledge, they are still open for business and operating successfully.