Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Pounds to Pocket Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Choose Loan Amount

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    Representative 305.9% APR.
    Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable). Loanski.co.uk does not provide any loan or consumer Credit products directly.

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 305% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 

    BR 017352

    Company Name:

    CashEuroNet UK,LLC

    Date firm started up business:

    18 November 2014

    Loan value range:

    200 pounds to 2000 pounds

     Loan term length:

    6 months to 12 months

    Related brands:

    Onstride Loans

    Quick Quid

    Head Office Address: Fergusson House 124-128 City Road London EC1V1YZ

    Status: Authorised – in administration

    Payout Time:

    Payout time with Pounds to Pocket is used to be 10 minutes after your loan had been approved. Bank Holidays and Sundays used to affect this.

    Pounds to Pocket Review

     

    Pounds to Pocked are owned by CashEuroNetUK who also trade as Quick Quid and On Stride Loans.

    The business started up in 2014 in the United Kingdom and offers customer short to medium term loans up to the value of £2000.

     How the company works:

    If you are interested in applying for a loan with Pounds to Pocket then the process is very simple.  All you need to do is fill out their online application form, entering all the required information about your circumstances.

    Pounds to Pocket will then run a credit check and assess your financial situation, checking that you are able to afford the loan and all the repayments.

    Once the assessment is carried out (this is usually done within 30 minutes of you submitting your application). The funds will then be transferred directly to your bank account within 10 minutes of approval.

    Repayment method:

    Pounds to Pocket offer two repayment methods to their customers. The first is by CPA (Continuous Payment Authority) This is where payments are taken each month directly from your debit card.

    The second option is by direct debit on a date of your choosing. If you wish to do this option then you will need to contact Pounds to Pocket to cancel the CPA method, which is automatically set up when you take your loan and arrange a direct debit with your bank.

     

    Do I need a bank account?

    Yes, because Pounds to Pocket is solely online, you will need a UK bank account for your funds to be paid into. It is best to have your details ready when you fill out the online application form as you will be asked for all of this information.

     

    To be eligible to apply for a loan you must fit the following criteria:

    Age

    The minimum age to apply for a loan with Pounds to Pocket is 18 years old.

     

    Address information

    In order to be eligible to apply, you must be a resident of the UK and be registered living at a UK address.

    Pounds to Pocket will also need to be provided with your previous 3 years address history.

     

    ID and Income

    During your application process, you will need to provide detailed information on your current employer or your source of income, Pounds to Pocket may also require proof of this.

    This must be either by an employer or self-employment and cannot be from benefits.

    They will also ask you about your monthly outgoings, including things like grocery shopping, house bills and any other monthly payments you may be making.

    This is so they can ensure that you will be able to afford the loan and won’t be putting yourself into any difficulty, financially.

    Reviews

    Unfortunately on TrustPilot, Pounds to Pocket does not have a good score rating. Their star rating is 1 star out of 5, with a massive 38% of the reviews being listed as bad!

    Some of the customers said that after their application was approved they were asked for an upfront fee of £75. After they paid that they never received their loan.

    Loanski can not confirm whether this was actually Pounds to Pocket or whether another company has cloned them and running a scam.

    However, it is not usual practice for a payday loan company to ask for money upfront before you receive your loan payment.

    If you are asked to make any payments and are at all suspicious about this, always contact the FCA or check their website to see if there are any notices about scam companies. Loanski have dealt with this, themselves.

    If there is a clone company then this will be noted on the website to warn potential customers.

    45% of the reviews on Trustpilot are rate as 5 star and excellent. No customers mention in these reviews that they were asked to send any money before they received their loan payment.

    Most of them were very happy with the service that they have received and comment that the application process was really smooth and easy.

    In these reviews, the customers mention how fantastic Pounds to Pocket are and that the customer service they have received is second to none.

    The reviews on Pounds to Pocket are ‘50/50’. Customers seem to be either one way or the other, with no middle ground.

    In the Press

    As of the 25th October 2019, Pounds to Pocket and any other trading names, or CashEuroNet UK LLC are no longer accepting any new or existing customers.

    The company has ceased trading and have entered into administration.

    All customers have been advised to continue to make their loan payments as normal and the joint administrators will now work alongside the FCA (Financial Conduct Authority) and conduct a wind-down process of the business.