The One Stop Money Shop

The One Stop Money Shop: short-term loans as an alternative to payday loans

The One Stop Money Shop is a direct lender based in Yorkshire (United Kingdom) that offers online short-term loans of between £400 and £2,500, with repayment terms of 6 to 24 months in equal monthly instalments. The company presents itself as an alternative to payday loans: instead of 14- or 30-day loans with high fees, it offers an instalment loan product that, according to its own description, provides lower repayments and more breathing space to repay.

The entity operates as a direct lender, not as a broker: all applications are processed in-house and, if approved, the company itself transfers the funds to the customer's bank account. It began operating in 2002 as a credit broker and in 2005 became a direct lender. The firm states it has more than 18 years of activity as a direct lender and describes itself as one of the original short-term lenders in the UK market.

Products and conditions

The main product is short-term loans of £400 to £2,500, repayable over 6, 9, 12, 18 or 24 months. The company states that it does not require a guarantor or security, that applying does not affect your credit score and that the amount granted depends on the applicant's income and affordability. The site shows representative examples: a £500 loan over 12 months with a monthly repayment of £81.25, a total amount payable of £975 and a representative fixed APR of 295.60%; and a £600 loan over 12 months with a repayment of £95, a total of £1,140 and a representative fixed APR of 272.60%. The company does not charge fees for applying and notes that the only cost is the interest on the loan, detailed in the agreement before funding.

Application process and timescales

The application is entirely online and, according to the company, takes less than five minutes to complete. After instant provisional approval, final checks are carried out and documents such as payslips, bank statements and open banking data are reviewed. A decision is usually communicated within one or two hours. If the loan is fully approved before 3:30pm, the money is transferred the same working day. The company also states that successful customers can receive funds within one hour or the same day they apply.

Applicant profile and adverse credit

The published eligibility criteria require UK residency, being over 22 years of age, having been employed for at least six months, holding a valid UK bank account, a UK mobile number and email address, and being able to afford the monthly repayments. The entity accepts applications with adverse credit history and with CCJs (county court judgments for debts in the UK), provided the applicant has stable employment and the willingness to repay on time. The company states that it reviews each application based on individual circumstances and makes its own credit decisions, even if the applicant has been rejected elsewhere.

Regulated activity and customer service

The One Stop Money Shop Ltd is authorised and regulated by the Financial Conduct Authority (FCA) with registration number 713424. The company operates from Yorkshire with its own UK-based team, without external call centres, and offers direct telephone support. For customers with payment difficulties, the site refers to free resources such as MoneyHelper, Citizens Advice, StepChange and National Debtline, and invites them to contact the company to explore options before a missed payment.

Informational content

The website publishes guides and articles on personal finance written by its team, including texts on how to identify a legitimate payday lender, whether payday loans appear on your credit report, why they are so expensive and whether it is possible to roll over or extend a payday loan. These materials are grouped into categories such as Borrowing Money, Finance Explainers, Guides and Personal Finance.

Location and contact

Phone: 01924 377771 · Email: apply@theonestopmoneyshop.co.uk