Alternatives to Pounds to Pocket: Finding a Safer Way to Borrow

If you’re searching for a Pounds to Pocket loan, you’ve probably discovered the brand is no longer lending. You’re not alone. Thousands across the UK have been affected by the closure of Pounds to Pocket and its sister company, QuickQuid. If you still need urgent funds, don’t panic. Safer, regulated alternatives are available. Let’s get you up to speed so you can make the best choice for your financial wellbeing.

Why You Need an Alternative to Pounds to Pocket

Pounds to Pocket was once a popular choice for short-term loans, offering quick cash for emergencies. But after a wave of customer complaints, tighter rules from the Financial Conduct Authority (FCA), and compensation claims, Pounds to Pocket entered administration and stopped lending in October 2019. If you’re still making repayments, stick to your agreed plan. For new borrowing, you’ll need to look elsewhere.

It’s easy to feel anxious or even mistrustful. So many big names have disappeared. But you still deserve a lender that is transparent, ethical, and puts your safety first.

TIP: I always recommend you check the FCA Register before applying for any loan. This way, you know the lender is fully regulated and your rights are protected.

Who We Are and Why You Can Trust Us

At Payday Loans Online, we’ve built our business for today’s lending landscape:

• FCA regulated: The Financial Conduct Authority (FCA) sets out the strictest rules to protect you. We’re fully authorised.
• Direct lender: You deal directly with us, not a broker passing your details to dozens of others. If we cannot help, we may introduce you to another trusted lender, but only with your permission.
• Ethical approach: No rollovers, no back-to-back loans, no lending if you cannot truly afford it.
• Clear, upfront terms: Every cost is shown before you sign. No hidden charges, ever.
• Quick process: Apply in minutes, get an instant decision, and if approved, funds can arrive within an hour.
• Support for all credit backgrounds: Life happens. We look at your real situation, not just your score.

Compare Application, Speed, Cost, and Eligibility

Feature	Pounds to Pocket (Closed)	Payday Loans Online
Lending status	Ceased new loans (2019)	Open, taking applications
Loan amount	£300–£2,000	£300–£1,000
Loan term	Up to 12 months	3–6 months
Direct lender	Yes (when open)	Yes (and broker, if needed)
Multiple loans	Allowed (historically)	Strictly one at a time
Rollovers	Sometimes allowed	Never allowed
Early repayment	Allowed	Encouraged with no penalties
Bad credit welcome	Yes	Yes
Application	Online	Online, quick and simple.
Customer support	Limited (in admin)	Real UK team, phone/email/chat

Our Responsible Lending Policies

We’ve designed our products and rules to protect you, not trap you:

• No rolling over loans, so you never spiral into extra interest or fees.
• Only one loan at a time. We don’t encourage juggling debt.
• No back-to-back lending. We require a break between loans.
• Maximum two loans per year. That’s our cap to keep you safe.
• Referrals to other lenders only with your explicit consent.

Payday Loans: What the Data Shows

It’s important to understand how payday loans really work in 2025:

• Average repayment: The typical payday borrower now repays 1.65 times what they borrow (FCA data).
• Price cap: The FCA limits interest and fees to a maximum of 0.8% per day, this has brought costs down.
• Risk of overuse: Research shows 61% of payday borrowers struggle with money management. That’s why clear support matters.
• Borrowing rates: Usage varies by region, with the North West and Yorkshire reporting the highest demand.
• Alternatives: Before applying, consider if a cheaper overdraft or credit union loan might suit your needs.

TIP: I have seen many people save money by contacting their local credit union before taking out a payday loan. Credit unions often offer more flexible and affordable loans if you qualify.

How to Apply

1. Visit our website for a secure application.
2. Provide your details. We’ll check affordability to make sure it’s the right move for you.
3. Get a decision in minutes with no lengthy waits.
4. Funds are paid fast, usually within an hour if approved.
5. Repay early if you can. There’s no penalty, and you’ll save money.

We’re always here to help, and our system is built to keep you out of a debt spiral.

Responsible Borrowing Tips

• Borrow only for genuine emergencies. Never use loans for ongoing expenses or luxuries.
• Check your total repayment before you sign. Know exactly what you’ll pay.
• Repay early if you can. It saves you money and stress.
• Ask for help if you struggle. Contact us or get free support from StepChange or Citizens Advice.

Remember: Payday loans are for short-term fixes, not long-term solutions.

TIP: I’ve found that creating a simple budget before borrowing helps you see if you can manage repayments comfortably. It can also highlight areas where you might save money instead of needing a loan.

Where This Leaves You and Your Choices

With brands like Pounds to Pocket and QuickQuid gone, it’s more important than ever to choose a lender who is clear, honest, and puts your wellbeing first. At Payday Loans Online, you get regulated lending, real people to talk to, and strong rules to keep you safe.

Ask yourself:

• Do I want to see all costs and terms before I agree?
• Need fast access to funds for a real emergency?
• Prefer a lender who’ll put my wellbeing first and never encourage dangerous borrowing?

If you answer yes, apply today or contact us for no-pressure advice. We’re here to help you make the right call every step of the way.
You’ve got this.

FAQ: Application & Approval

Who can apply for a Pounds to Pocket alternative?

Any UK resident over 18 with regular income and a bank account. We consider applications from all backgrounds, even if your credit isn’t perfect.

Will there be a credit check?

Yes. All FCA-regulated lenders must check affordability and do a credit check. It’s there to protect you from over-borrowing.

How fast is the decision?

Almost always instant. You’ll know within minutes.

How soon do I get my money?

If approved, funds are usually sent within an hour.

Can I repay early?

Yes, at any time. There are no penalties, and you’ll save on interest.