Wind-down statement

Scotcash will stop lending with immediate effect and will be placed into an orderly wind-down.  The wind-down of the business will last approximately 6 months, during which time the existing loan book will continue to be collected.  You can manage your existing loan here. This is a very sad day for all our employees who have worked extremely hard over the years to provide an affordable alternative for those excluded from mainstream credit and for our wider stakeholders who have supported us over the years.  We are very sorry to be delivering this news today.

Scotcash was developed because of the need to provide regulated, affordable small loans to financially excluded people who pay a poverty premium to access financial services.  The organisation has worked hard to deliver positive outcomes for our customers for over 16 years, but the current economic, regulatory and funding environment have impacted negatively on our ability to continue.

We appreciate this is extremely difficult news for our employees, customers and stakeholders but, after full and careful consideration of all options available to us, we do not believe there is another viable route forward.

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People stories

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Andrina first heard of Scotcash through a focus group discussing the dangers of illegal money lenders and high cost door step lenders, following which she became the first ever Scotcash customer. She is a single parent, on benefits and was able to use her first Scotcash loan for home improvements.



Russell faced a big shock with an unexpected vets bill and approached Scotcash for help.



For Glasgow care worker Julie, 35 (name changed) Buy Now Pay Later looked like a no-brainer