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No matter how frugal or financially conscious you are, there will most likely come a time, perhaps due to an emergency you did not adequately prepare for, where you will need to take out a loan to pay some bills. If you already have bad credit, one of the best loan options for you would be a payday loan which is a short term loan you can take out and pay back by your next payday. At, our focus is on individuals who have bad credit and need a way to get out of a financial crisis. In order to do this, we have partnered with one of the leading lending facilities in the business, TMS.

TMS which is an acronym for The Money Shop is one of the best loan facilities you can work with in the UK. It is no surprise that it is one of the household names in the country, with thousands of clients on a regular basis utilizing the different online channels and physical shops to get their quick short term loans. One of the major selling points of The Money Shop is their ubiquity across all the regions of the United Kingdom, and so whether you are in Scotland, Northern Ireland, Wales or in England, you can always find a TMS shop close by. And then, if you do not want to even leave your house, you can simply log on the internet and find the online store.

However, if you apply online, there are many more options you can utilize than if you simply visit a physical store. For example, with the online option, you can choose a wider range for your loan term (between 15 days and 6 months), with the options to borrow between £100 and £1000 and repay in about six instalments. This option is not available for people who visit the physical stores.

However, if you intend on borrowing a sum larger than £1000, such as £2000 for example, you would need to visit a physical store. The reason for this is in order to present certain documentation (proof of income, proof of address as well as photo ID).

Requirements for taking out a loan with TMS

  • The borrower needs to be at least 18 years old
  • The borrower must be resident and living in the UK
  • The borrower should also be in permanent employment or at least receiving a regular pension or disability benefit. This requires the borrower has an income of more than £417 every month
  • The borrower must also have a valid bank account with a registered debit card attached

Why you should apply online for a loan with TMS

First of all, it is easy and stress-free. All of the details you need to fill out are neatly arranged in a one page, six section form. They include personal details of the borrower, as well as contact information and income details, expense details (this is for the affordability assessment which the loan managers at TMS are required to carry out before giving out loans), and then your bank details. There are terms and conditions which are easily spelt out on the website, after which a borrower can easily sign electronically and access the money.

Typically, once you have applied for a loan with TMS, the money can be in your account in less than 2 hours.

There are no hidden charges

Taking out a loan with The Money Shop is completely fee free. There are no extra charges for individuals who repay late, early or miss repayments. If anything, TMS agents actually advice you to repay early, as this will help you reduce the amount of interest you will have to pay.

CreditPoor does not charge any fees. If you are contacted by anyone saying they are calling from CreditPoor requesting you make them a payment you should contact the Financial Conduct Authority (FCA) as we are aware that there is currently a scam using the CreditPoor brand. This has nothing to do with our company.