Morses Club PLC (LON:MCL)

Founded in 1927, UK-based Morses Club PLC is a home collected credit (HCC) lender. The company’s headquarters are located in Nottingham, England. The company is engaged in the consumer finance business with the focus on the home collected credit market, and the company provides unsecured loans to customer usually for a period of 20 to 78 weeks, which can be paid back on a weekly basis. The company is listed on the Alternative Investment Market (AIM) of the London Stock Exchange in 2016.

The company is the second largest provider of home collected credit in the UK and operates under the brand: Morses Club. The company offers a range of loan products by combining online marketing and traditional marketing channels. The company’s Specialties may include Home Collected Credit, Loans, Lending, Financial Services, online Lending, Home Credit, Cash Loans, Personal Loans, Home Collected Loans, E-Loans, and digital. The subsidiary of the company operates under 2 online brands, which are Dot Dot Loans and U Account. The company offers various loans to its customers including doorstep loan, cash loans, short-term loans, small cash loans, quick cash loans, home collection, bad credit loans, pay weekly loans, emergency loans, and same day cash loans. 

The company has 180,000 customers across the UK and Northern Ireland. The company offers two forms of non-standard finance including online financial services and ome collected credit. The company’s brands include Morses Club, Dot Dot Loans, U Account. The Dot Dot Loans brand provides fully online lending through two segment short term, which include 3-6 and 9-month duration loans and also a long term which include the duration up to 48 months. The company’s U Account brand offers online current account services to customers based on two pricing models. The company’s aim is to meet the real needs need for responsible lending of its customers.