Morses Club review

Morses Club doorstep loans may seem convenient, but are they right for you? Find out below.

Updated

Morses Club

As one of the largest doorstep loans providers, Morses Club is one you might be considering if you’re strapped for cash and can’t borrow from a mainstream lender. Morses Club provides small, short-term loans and prides itself on customer service. But there are some major drawbacks to doorstep loans to consider before you decide whether to apply.

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

How does Morses Club hold up against the competition?

Table: promoted deals, sorted by total payable

There is a wide range of online short-term loan companies that are regulated by the FCA, and which are not allowed to charge more than 0.8% interest daily. You can compare costs from a selection of lenders like these by using the table below.

How much do you need to borrow?


How long do you need to borrow for?


Name Product Available Amounts Monthly repayment Total payable Link
Lending Stream Instalment Loan
£50 to £1,500
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More Info
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative 1,333% APR and total payable £386.61 in 6 monthly payments of £64.44.
Savvy.co.uk Personal Loan
£300 to £3,000
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More Info
Representative example: Borrow £1,000 for 12 months at a rate of 152.33% p.a. (fixed). Representative 352.7% APR and total payable £1,999.92 in 12 monthly payments of £166.66.
The Money Platform Short Term Loan
£250 to £1,000
Check eligibility
More Info
Representative example: Borrow £500 for 6 weeks at a rate of 255.5% p.a. Representative APR 839.20% and total payable: £647 in 1 payment.
QuidMarket Short Term Loan
£300 to £1,500
Go to site
More Info
Representative example: Borrow £300 for 3 months at a rate of 292% p.a. (fixed). Representative APR 1,301% and total payable: £454.37 in 3 instalments of £151.46.
CASH4UNOW Short Term Loan
£150 to £1,000
Check eligibility
More Info
Representative example: Borrow £200 for 4 months at a rate of 292% p.a. (fixed). Representative APR 1314% and total payable: £332.00, in 4 payments of £83.00.
Mr Lender Short Term Loan
£200 to £1,000
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More Info
Representative example: Borrow £200 for 6 months at a rate of 292% p.a. (fixed). Representative APR 1,248.3% and total payable £367.40 in payments of £81.33, £73.23, £65.13, £57.33, £49.24 and £41.14.
With this loan your monthly repayment decreases over time. Our 'Monthly repayment' above is a representative figure designed to help compare lenders side by side.
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Compare up to 4 providers

Please note: You should always refer to your loan agreement for exact repayment amounts as they may vary from our results.

What is a doorstep loan?

Although you may be able to begin an application online, a doorstep lender will send someone to your door to arrange and confirm your loan in person, and then each week or fortnight someone will come to collect your repayments, again, at your doorstep.

Doorstep loans have long been criticised for their extremely high interest rates. Many people choose them because of the convenience of small weekly repayments or simply because they don’t have any other options. Doorstep loans have much higher interest rates compared with credit-building credit cards or guarantor loans. Be sure to check out the other options before choosing a doorstep loan, and read our page on doorstep loans.

Key features of Morses Club short-term loans at a glance

Product NameMorses Club Doorstep Loan
Available Amounts£100 to £1,500
New customer maximum£400
Loan terms22 weeks to 53 weeks
Maximum APR716.48%
Soft search eligibility check
Repayment period optionsWeekly
Default repayment methodAgent collects your repayments at your doorstep
Additional repayment methodsOnline payment
Repay early at any point
Parent companyMorses Club PLC
FCA registration number707379
LinkMore Info

How does it work?

If you’ve decided that a Morses Club doorstep loan is right for you, follow these steps:

  1. Begin the application online. You don’t need any documentation as this will be checked on your first home visit.
  2. You will receive a notice of whether you have been initially approved and someone from your nearest Morses Club branch will call you to arrange finishing your application.
  3. A visit will be arranged, and you’ll need to show your agent a valid ID as well as proof of income for the Morses Club affordability check.
  4. If you pass all the checks, your agent will give you the money then and there, and they will also arrange a weekly time for them to come and collect your repayments.

How long will it take to get my loan?

Once you’ve been initially approved, you should receive a call to arrange a home visit. How soon this visit is will depend on the amount of available agents in your area, but should be within a couple of days. As your loan is paid out during this visit, the amount of time depends on when an agent is next available.

Morses Club’s website states that some loans are paid out within two days, but it advises that there is a chance it will take a little longer than this.

Am I eligible for a Morses Club personal loan?

You should only apply for a Morses Club personal loan if you’re certain you can meet the repayment terms, and you meet the following criteria:

ResidencyUK resident
Minimum age18
Applicant with bankruptcyYou haven't been declared bankrupt, applied for Sequestration, had a Debt Relief Order or an Individual Voluntary Agreement in the last 6 years.
Additional eligibility notesYou need to live in the same business area as a Morses Club branch.
LinkMore Info

Morses Club pros and cons

Pros:

  • Excellent customer service record, with many customers recommending Morses Club.
  • Weekly repayments are smaller and so easier to keep up with.
  • You’ll have the same agent to deal with your whole loan.

Cons:

  • Really high interest. Like, really, really high interest.
  • You can only get a loan if you live relatively near a branch.
  • There are many cheaper options, and most people will be able to get one of those instead.

Did you know?

In 2015 the Financial Conduct authority (FCA) capped interest and fees on all high-cost short-term credit loans at 0.8% per day.

It also capped all default charges at £15 and the total cost (interest and fees) of loans at 100% of the original sum. This means you’ll never have to pay more than double the amount borrowed.

Changing you loan: Additional borrowing options and early repayment

Repay early at any point
Multiple loans allowed at the same time
Phone number0330 045 0719
LinkMore Info

Frequently asked questions

We compare payday/short-term loans from

Lending Stream Instalment Loan
Savvy.co.uk Personal Loan
The Money Platform Short Term Loan
QuidMarket Short Term Loan
CASH4UNOW Short Term Loan
Mr Lender Short Term Loan

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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