Oakam vs. Moneyboat: Which is better for you? • Money Boat
+44 203 818 7470 thecrew@moneyboat.co.uk

Oakam vs. Moneyboat: Which is better for you?

With a variety of different short-term lending solutions available on the market, it can be difficult to choose. Which one will meet your current needs, and which isn’t worth your time? At Moneyboat, we strive to offer each of our customers the perfect financial solution for their current situation. You might have heard of Oakam and other short-term lending providers in your area, and you’re thinking, “What’s the difference?”


oakam moneyboat



Although many of our services are the same, each company is different. Here are the attributes you should consider when choosing the lending provider to work with.


Oakam vs. Moneyboat: A Quick look

Customer Service


First thing’s first, does Oakam, Mr. Lender or any of the other companies out there care about you as a person? Unfortunately, all too often in this industry, many companies see customers as a revolving door. They come in tough financial times, and the company preys on their situation to give them a bad deal.


At Moneyboat, we treat our customers like family. No matter the reason you need financial assistance, we’ll work to provide you with the best solution. We pride ourselves on having returning customers and often offer them better loan options because of their loyalty. When you work with Moneyboat, you can trust that you’re working with a company that truly cares about their customers.




Things sometimes happen that are unavoidable. The problem is, if you miss a payment and work with a strict lender, you might be out of luck. Some lenders may immediately take you to court over one late payment. At Moneyboat, we believe in second chances for everyone. If one of our borrowers is unable to make their payment in time for any reason, we’ll work with them. All they have to do is give us notice ahead of time, and we’ll work to find an option that works for you.


short term loans uk


FCA Authorisation


You want to trust that the short-term lender you choose is fully authorised in their field of business. Oakam and Moneyboat are both authorised FCA direct lenders. From our perspective, this way, our customers know that they can trust us with their personal information. They can also count on us to follow all of the best practices of lending money to people within the UK.





When you work with just any short-term money lender, you could be taking a gamble. If the lender is not upfront about their fees or services, you might run into trouble down the line. Because many people come to short-term lenders when in desperate financial need, some lenders will prey on them, which is unfair.


When working with Moneyboat, our customers can count on us to remain transparent and ethical. We treat each of our borrowers as family. We never hide our interest rates, and we are upfront about any risks you might encounter after borrowing from us. With this honesty, we’re able to serve as the lighthouse in the financial fog. We help show our customers the way so they can use their borrowed money to the best of their advantage while repaying it on a schedule that works for them.


If you go to a short-term lender in the UK and they aren’t open and honest with you – run for the door – or the escape button! Only do business with companies that you can trust, and pay you the respect that you deserve!


Well-Reviewed by the Community


Before you choose a lender, you should do your due diligence to learn more about them. Most lenders have reviews online from past customers. We highly recommend that you read these reviews before you borrow a single pound from them. Pretty websites are great, but the reviews are what should sell you on a company’s services.



We are proud to hold a high rating on Review Centre. Over 800 past customers have reviewed our services, and their experience with us, and the vast majority are glowing. We stand behind our services and customers and encourage each of our customers to share their experience with the world.


On the off chance a customer had a less than stellar experience working with us, we go above and beyond to work with them. Our customers are our family, and we’ll do whatever it takes to keep them happy.


We work with bad credit


Some lenders might take issue with your credit score rel=”follow”. If your score is too low, they don’t want to provide you with a loan. The reason they turn you down is that they don’t like to take risks. Usually, high-level banks only deal with people they know for a fact will repay a loan.


However, at Moneyboat, we specialise in working with people that are turned down by conventional lenders. This is also true with regards to Oakam. We know that sometimes people just need a chance. We’ll work with anyone and hope to work with our customers again and again. Keep in mind that because we work with people with bad credit scores, our interest rates reflect the risk that we assume by lending to them. Also, while some lenders might claim that their services will help boost your credit score, this isn’t 100% repeatable for everyone. Never borrow money to improve your credit score, and only borrow what you need—nothing more.


Things to Keep in Mind


With both Moneyboat UK and Oakam services in mind, you should still be careful when choosing a short-term lender. Only use these services responsibly, and never borrow more than you can afford. Our services often carry high-interest rates if you don’t pay your balance back in a timely manner and the costs can add up. Do the maths beforehand, so you don’t run into any money trouble.


Contact Us


If after reading this information you’re interested in working with the Moneyboat, we’d love to hear from you! Please get in touch with us today and tell us about your situation. Our friendly and knowledgeable staff will work to provide you with the financial solution you need. We are 100% transparent and honest with each of our customers. View our charges page to see our line of financial solutions and apply today!


Credit score