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.
Warning: Late repayment can cause you serious money problems. For help, go to moneyhelper.org.uk.
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.
| Name | Established | Loan types | ||
|---|---|---|---|---|
 |
The Oakam Loan / The Lift Loan | 2006 | Instalment loans | More info |
 |
Lending Stream Instalment Loan | 2008 | Instalment loans | Go to site |
 |
Moneyboat Short Term Loan | 2011 | Instalment loans | Go to site |
 |
QuidMarket Short Term Loan | 2011 | Instalment Loans | Go to site |
 |
Conduit Short Term Loan | 2012 | Instalment loans | Check eligibility |
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.
If a poor credit score has limited your options for credit, Tick Tock Loans could help with a loan of to . See how other lenders compare.
QuidMarket offers an instant decision on loans of up to (or for returning customers) and once approved, you can expect the money in your account on the same day. QuidMarket will consider you for a loan even if you have a bad credit history. Find out how other lenders compare.
Smart-Pig offers short term loans to students of £50-£350 repayable over 7-180 days. Apply online and have the money in 2 hours. See how other lenders compare.
SafetyNet Credit provides short-term loans of up to £500 designed to prevent borrowers being hit by unauthorised overdraft fees.
Fund Ourselves (formerly Welendus) offers flexible and transparent peer-to-peer loans of –, repaid over to . Compare its interest rates, total borrowing costs and eligibility terms against a range of lenders.
The Money Platform is a peer-to-peer (P2P) lending platform that matches investors with borrowers and provides loans of up to . But at it’s core, is it just another short term lender?
Looking for a payday or short-term loan? Choose from the UK lenders in our directory that offer a range of loan options.
A closer look at the facts and figures of payday loans.
A payday loan gives you the money you need quickly, even if you have bad credit or low income. But which one is best for your situation?