What are the Advantages of a PoundsToPocket Loan Alternative?

There are dozens of providers offering short-term loan product alternatives to PoundsToPocket, who have now merged with On Stride Financial. With so much choice it can often mean that finding the best product can be challenging. As an alternative to PoundsToPocket, as well as an FCA authorised lender, Wizzcash can offer our short-term loan customers the following advantages:

Borrow for up to three months: we know that some loans can often be difficult to repay, as the loan period is typically only thirty days. We want to make our payday loan as affordable and manageable as we can for our customers, which is why we provide up to three months to make the necessary loan repayments. We know that some loan lenders offer 12-month repayment terms, we are different. We believe that a 3-month repayment term ensures that our customers can budget for the instalments effectively.

A transparent interest calculation: because interest is displayed in APR, it can be difficult to understand the figures produced regarding annual interest, when a loan is not being supplied for that long. We make the process transparent and easy to understand with our on-site instalment loan calculator. Simply choose the amount you want to borrow, and the loan calculator will work out how much interest you will have to pay on your short-term loan from Wizzcash. It will also provide you with the total amount repayable, and how that breaks down into monthly instalments.

Lower interest: because we only allow borrowing over a three-month period, it is likely that you will end up with less to pay back in interest, compared to if you took out a short-term loan for a year.

<h2>How do I apply for our PoundsToPocket loan alternative? </h2>

To take advantage of our alternative to a PoundsToPocket/On Stride Financial loan, the first step will be to use our online instalment calculator to work out how much interest you will be charged and how much you will be paying back each month for the duration of the loan.

If you wish to proceed with us, the next step is to fill in our simple online application. This should only take a few minutes, as we only ask for the information that we need to make a decision regarding your payday loan.

Should we decide to approve your loan, we will then send you an agreement to sign. This will set out clearly the terms and conditions of your borrowing. You will need to electronically sign the documents and return them to us. Once approved, will then transfer the loan amount into your bank account. The whole process is completed online.

What information do I have to give when applying?

Before applying for one of our short-term loans, you need to ensure that you are:

– A UK resident

– Over the age of 18

– In some form of employment with a monthly take-home income of at least £750

If you fulfil these criteria, during the application we will ask you for information about your income and expenditure. Before making a decision on whether to approve your payday loan, we will:

– Run a credit check

– Assess the information you have provided regarding income and outgoings to measure affordability

Can I still be considered if I have a low credit score?

As a responsible, FCA authorised lender we are required to ensure that our customers are in a suitable financial position in order to repay their loan. Although a lower credit score does influence the lending decision, it is not the only factor we take into consideration. It may be worth applying, and if we can’t help you ourselves, we may be able to find you an alternative provider who can assist you in securing an alternative to a PoundsToPocket loan.

What’s the difference between being a lender and a broker?

A direct lender lends directly to its customers: no third party is involved in the process. A broker does not lend directly, they act as a “middleman” between lenders and borrowers. The role of a broker is simple, they match a potential borrower with a suitable lender, or If no lender is found a credit reference agency to help improve their credit score. As we are both a broker and a direct lender, we can lend directly to a customer, or help them to connect with a different provider who can help them in situations where we cannot.

What difference does FCA authorisation make?

As an FCA authorised provider of short-term loans and a viable alternatives to a loan from PoundsToPocket or On Stride Financial, we are required to act responsibly when it comes to lending. In practice, this means that we will:

– Provide our customers with clear information on their loan, including the amount of interest they will be charged, the penalties for late or missed payments, the APR, monthly instalment amounts and any other information needed for customers to make an informed decision.

– Act honestly, transparently and with integrity.

– Not lend to customers who appear at risk of being unable to make the required repayments.

How quickly can I obtain the cash if my loan application is successful?

Should your loan be approved, we will always aim to have your funds transferred into your account on the same working day.

What happens if I’m not eligible for a loan?

If your short-term loan isn’t approved, there are a number of options you may wish to consider. These include:

– Try an alternative lender through our brokerage service.

– Arrange an overdraft with your bank.

– Access debt management services from organisations such as Citizens Advice; Money Advice Service; or Step Change.

– Borrow from a friend or member of the family.

– If you already have a loan with a credit provider, you can try to arrange an alternative repayment plan.


Wizzcash.com is a payday loan direct lender. This means if you have a successful loan application with us we will communicate and lend directly to you. In the event that we are not able to help you, we are also a broker and we will link you to panel of consumer credit companies who might be able to offer you: loan products, with loan terms from 1 to 36 months, loan comparison websites to give you access to the comparison of loan products or credit reports companies to help you understand credit ratings and make informed credit decisions. We will never pass on your card details to any other organisation.