Pounds to Pocket

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Company Information

  • Company Name:
    Pounds to Pocket
  • Website Address:
  • FCA IP:
    603395
  • Business address:
    23 Austin Friars, London, EC2N 2QP
  • Phone number:
    0800 016 3106

Pounds to Pocket offer loan products that borrowers can take advantage of over the short term to cover bills and other types of expenses. The quality of the service and products of this financial services provider has allowed Pounds to Pocket to be designated as a finalist in Credit Today’s listing of Alternative Lender of the Year in both 2012 and 2013. Authorised by the Financial Conduct Authority, Pounds to Pocket provides convenient features to borrowers like Pound Place – which offers budgeting and savings tips – and the Pounds to Pocket LoanBuilder feature.

APPLICATION REQUIREMENTS:

Applicants will not be approved for a personal loan from Pounds to Pocket unless they meet all of the following basic requirements: they have a bank account; they are receiving a regular income either through employment or self-employment; they reside in the UK; they are 18 or older.

LOAN AMOUNT AND CHARGES:

Pounds to Pocket offers short term loans of between £200 and £2,000. These loans have interest charges ranging between 11.7% per month and 17.5% per month. Late payments incur a late fee charge of no more than £15. Other than interest and late payment charges, there are no more fees charged onto loans from Pounds to Pocket.

PROCESS:

At Pounds to Pocket, we do everything we can to make the borrowing process as simple and straightforward as possible. Individuals who are interested in one of our instalment loans can apply online by submitting some basic information regarding their address, employment status, and place of residence. After we receive the application, we will run a credit check on the applicant and determine if they are able to afford one of our loans based on their income level and their previous financial commitments. We then send out a decision. If the applicant is accepted, he or she will receive a loan offer. The applicant can then agree to the loan and submit a loan agreement. Loan funds will then be sent to the borrower’s account, often within only 10 minutes.

PAYMENT:

To pay back a loan from Pounds to Pocket, individuals can use either their debit card or arrange for direct debit authorisation. With our small instalment loans, complete repayment is scheduled to be within a period between six months and 12 months.

108 Reviews of Pounds to Pocket have been submitted - read the latest 3 below

I couldn't find a better and more convenient short term loan than this one from Pounds to Pocket. I like this instalment type of loan rather using a regular bank loan that is not always as competitive with their rates. My current loan is for a 6 month period but I would definitely consider using their 12 month loan period next year for the loan I'll be needing to help pay for the cruise I am planning to surprise the wife with for our 40th wedding anniversary. Some times it's best not to involve your own bank when you want to borrow smaller sums of money and I think these Pounds to Pocket loans are a great alternative.

Review posted by Kenneth P., Warminster

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

My reasons for taking out this instalment loan with Pounds to Pocket aren't worth mentioning but what is worth mentioning is how quick and easy it was to get this loan. What's also worth mentioning is that Pounds to Pocket vary their interest rates and base them on the individual so because I have got a very good credit score and very little debt I managed to get the lowest rate they are advertising at the moment which was great for me and it definitely makes me think I will use Pounds to Pocket again if I should ever need a small loan again in a hurry.

Review posted by D. Woodward, Slough

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Provided I don't get them too often I can usually deal with an unexpected large bill by taking out a convenient and quick instalment loan with Pounds to Pocket. I used them the first time I got a massive bill for roof repairs that my household insurance wouldn't pay out for and ever since then I have been relying on them to get me out of a sticky situation when extra money is required. I'd say more people would use a loan like these Pounds to Pocket instalment loans if they knew just how easy they were to get and it's got to be better than burying your head in the sand and avoiding the bills when they land on your doormat. I'd much rather take out an instalment loan than have a leaky roof and we've just got the wife's car fixed and back on the road thanks to this current Pounds to Pocket loan. I would definitely give them my seal of approval.

Review posted by Matt Drake, Folkstone

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money