Founded in the 19th century, Morses Club grew to become one of the largest providers of home credit in the United Kingdom. The company's primary business model involved a network of self-employed agents who would issue small, short-term cash loans and then visit customers' homes on a weekly basis to collect repayments. In recent years, the company faced a significant increase in customer complaints regarding unaffordable lending, which led to unsustainable financial pressure. Despite an attempt to manage these liabilities through a Scheme of Arrangement, the company ultimately failed and appointed administrators in late 2023, ceasing all new lending activities.

Founded in

United Kingdom