118118 Money Short Term Loan review

118118 Money provide UK borrowers with loans in the short term of between £1,000 and £5,000 with repayment terms of twelve to thirty six months. They enable their customers to check their eligibility via their website without impacting their credit score with a choice of loans to choose from.


118118 Money enables borrowers to borrow between £1,000 and £5,000 based on their affordability with repayment terms of up to thirty six months. They offer unsecured loans, which means you don’t need collateral or a guarantor, they also provide an easy online eligibility checkers, enabling customers to know whether they will be accepted or not without impacting their credit score, all before completing their easy online application.


118118 Money accommodate all customers, as long as they meet their eligibility requirements, affordability and credit checks. They also accept applications from those that do not have a perfect credit history. Those with bad credit can use the free eligibility checker online to identify if they will be successful before applying. Only on completion of the application form is your credit score impacted. They also offer different interest rates, based on each individuals circumstances. Those with a less than perfect credit history can expect to pay higher interest than someone who has a stellar credit report.

118118 Money do consider applications from UK residents who have had credit problems in the past. They do conduct a full credit search on receipt of a full and completed application form. Securing a loan through 118118 Money and paying it on time can help to improve your credit rating.

Repayment of each loan is done on a monthly basis. The terms of the loan are outlined in your loan agreement and the period in which you have chosen. The repayment term, your income and expenditure is all received in advance to ensure that you are able to afford the loan offered. You may want to pay it sooner, but you may find that the company gives you a longer term as they may not feel you are able to pay it back at the repayment level you want.

118118 Money offer personal loans with flexible repayment terms, enabling you to secure the funds you need quickly and safely.

118118 Money Contact Information

Date of incorporation:  2013

Company number: 08393840

Company type: Private Limited Company

Registered company address: Euston House, 24 Eversholt Street, London, United Kingdom, NW1 1DB

Official site: https://www.118118money.com/short-term-loans/

Operating hours: Collections and Customer Services. Mon to Fri 8am-7pm. Sat, Sun and Bank Holidays 9am-5pm.

Phone number: 02920 548 118


118118 Money is a trading name for Madison CF UK Limited, they are authorised and regulated by the Financial Conduct Authority (FCA), giving you confidence when using their services to apply for a loan.

The company offers unsecured loans of between £1,000 and £5,000 with up to thirty six months to pay it back with a fixed interest rate, which will be stipulated in your loan agreement. This makes the loan easier to budget for and provides you with the information you need to identify if you feel you can make the regular repayments, reducing the risk of finding  yourself in financial difficulty.

They offer a representative APR of 49%, but this amount is determined by your credit history and the information provided on your application form.