Tappily Loans Alternative
Looking for Tappily Loans? They’re not lending anymore, but Lending Stream is. We are a reputed direct lender in the UK offering short term loans. If approved for our loans, we’ll send the cash to your bank within 90 seconds.
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1333% APR
Representative Example: Given a Representative APR of 1333%, if you borrow £200 over 6 months at 292.0% p.a. (fixed), you would owe 6 equal repayments of £64.44. You will repay £386.61 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
Why choose Lending Stream as Tappily Loans Alternative?
Fast
Cash sent to your bank in less than 90 seconds, once approved.
Convenient
24/7 simple & online application. Instant decision. Direct lender since 2008.
Affordable
Repay over 6 months. Pay off early with no extra fees and save on interest.
Trusted
Rated excellent on Trustpilot & 99% recommend us on Reviews.co.uk.
About Tappily
Tappily was a flexible credit lines lender in the UK. They used to lend up to £2500 to the customers who needed short-term funds to meet urgent expenses. If you were approved, they used to send the amount to the borrower’s bank account via internet banking or direct transfer. Unfortunately, Tappily went into administration on 9th January 2023.
This means that they can no longer lend money to people. Not even to existing customers. Tappily may be out, but Lending Stream is in.
We think we’re a better alternative to Tappily Loans. We are a reputed direct lender in the UK offering short term loans of up to £800 for new customers (£1500 for existing customers).
We offer quick decisions and if approved for our loans, we’ll send the cash to your bank in 90 seconds.
Is Tappily no longer available?
Yes, On 9 January 2023, Indigo Michael Limited (best known by its trading names, SafetyNet and Tappily) went into administration. They appointed Joe O’Connor, Clare Kennedy, and Simon Appell of AlixPartners as the joint administrators of the Company.
If you are looking for a Tappily alternative, there are many options available. You can compare rates and terms from different lenders online and see which one suits the best for you. It is important to shop around and compare offers before you take out a loan.
Why has Tappily stopped lending?
As mentioned on their website, Tappily said that their business was operating in a challenging trading environment, which became more difficult to operate in due to many different factors that reduced their lending volumes.
Also, the changes in the regulatory environment made it difficult for them to survive. As a result, on 9 January 2023, Tappily stopped lending and went into administration.
At Lending Stream, we are still lending and offer something better. Our unsecured loans or small loans can help you get the financial help you need for any unexpected emergency quickly (if approved). We allow our customers to borrow up to £1500 (£800 for first time customers) and give them 6 months to repay.
Who is Tappily owned by?
Tappily was owned by Indigo Michael Limited, but they went into administration on 9 January 2023. Joe O’Connor, Clare Kennedy, and Simon Appell of AlixPartners are now appointed as the joint administrators of Tappily.
These joint administrators are now working closely with the company to stabilise their operations and ensure that the impact of Tappily going into administration on their customers is minimised.
How is Lending Stream different from (or better than) Tappily Loans?
| Lending Stream | Tappily |
|---|---|
| Lending Stream is a direct lender which is still lending | Tappily was also a direct lender, but they are not lending anymore |
| We lend up to £1500 (depending on your financial situation) | Tappily used to lend up to £2,500, but they are not in the business now |
| We’re rated excellent on Trustpilot with 17,000+ reviews and 99% of reviewers on reviews.co.uk recommend us | While Tappily is also rated excellent on Trustpilot, they only have 4692 reviews. Also, they are not lending anymore |
| We give an almost instant decision to the borrowers on their application | They can’t make any decision now as they are not lending to users |
| If approved, we’ll send the cash to your bank in under 90 seconds | Unable to fund at all |
If you were looking to apply with Tappily but found that they’re not lending, you can try Lending Stream. Our loans might suit your needs better. Also, we consider loans for bad credit as we feel that everyone should get a fair chance to get credit and should not be judged on just their credit history.
How do I check my eligibility for a loan with Lending Stream?
If you are looking to apply for a loan with Lending Stream, you must meet the following eligibility criteria:
- Be a UK resident
- Be at least 18 years old
- Have a valid debit card
- Have an active UK bank account
- Be in regular employment with a monthly income of at least £400
We look at your overall situation than just your credit report because you are more than a number to us. A bad credit score won’t give us a complete view of what your current financial situation is.
How can I apply for a loan with Lending Stream?
If you are looking to apply for a loan with Lending Stream, then you should know that we have an easy loan application process. All you need to do is fill out our online application form and provide us with the following information:
- Fill-in all your personal details
- Choose the amount which you want to borrow with us
- Provide us with your employment, salary, expenses, and banking details
Once you submit your application, we will run a credit and affordability check to see if you can afford the repayments. If approved, we will send the amount to your bank within 90 seconds.
Contact us – Lending Stream
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page.
If you prefer you can give us a call on 0203 808 4440#. We’re open from 9am to 6pm Monday to Fridays, and 9am to 1pm Saturdays.
FAQs – Tappily Loans
Is Tappily a payday loan?
No. Tappily may look like traditional payday loans lenders, but they are not. Tappily was a flexible credit line lender in the UK who used to provide a credit limit of up to £2500.
Can I still borrow from Tappily?
No, you can’t as Tappily is not lending anymore. They went into administration on 9th January 2023. Since then, they have stopped lending.
Is Tappily a loan company?
No. Tappily is not a loan company, but rather a line of credit provider. They used to provide a running account credit facility to their users.
Is Tappily regulated?
Yes. Tappily was fully regulated by the Financial Conduct Authority (FCA). Although they have stopped lending all their services were provided in accordance with the FCA’s regulations and codes of practice.
Is Tappily like an overdraft?
No. Tappily is not like an overdraft, but it was an alternative of traditional loans or overdrafts. They used to offer a credit limit of up to £2500 to those who were approved by them.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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