Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Sites like Oakam for short term instalment loans
As well as its high street money shops, Oakam provided short term personal loans online. If you're on the lookout for similar online direct lenders, you're in luck.
Oakam has entered administration, however you can compare alternative providers.
Oakam stated that it provided a solution to financial exclusion, empowering those overlooked by traditional lenders. Putting that in plain English, Oakam lended to people who found it difficult to borrow from banks. Because it also reported repayment behaviour back to credit reference agencies, repaying an Oakam loan on time also helped you to build/rebuild a positive credit record.
Online lenders that offer similar loans to Oakam
Compare the cost of payday lenders
As well as comparing short term loans with other types of credit, before you apply for a loan it’s a good idea to shop around and compare a range of lenders. You can use the table below to get an idea of how much the loan that you have in mind might cost.