Morses Club's collapse, PJG Financial's acquisition
Dot Dot Loans was the online instalment-loan arm of the long-established Morses Club doorstep lending business. Both companies entered administration on 17 November 2023, an event that effectively closed the UK home-collected credit sector to new lending. PJG Financial Limited acquired the domain post-administration and is the same firm operating the relaunched MyJar.
The original direct lender
- Operator Shelby Finance Limited
- Parent Morses Club PLC (AIM-listed)
- Type Online instalment lender
- Administration 17 November 2023
- Loan book sold 8 March 2024 (to Lantern)
- Customer service ended 9 March 2024
The current credit broker
- Operator PJG Financial Limited
- Type Credit broker
- FCA reference 919697
- Loan range £100 to £5,000
- Term 3 to 36 months
- Sister brand MyJar (also relaunched)
Key facts
Both entities and the transition between them. Numbers are drawn from regulatory filings and verified against the FCA register on 28 April 2026.
Both Morses Club Limited and Shelby Finance Limited entered administration on the same day under the same Interpath team (Ed Boyle and Rob Spence). The Morses Club Scheme of Arrangement, court-approved in May 2023, automatically terminated when administration commenced. Money held in an FCA-mandated protected trust account (established March 2023) remains ring-fenced for affected customers. Verify the current PJG Financial Limited entity directly via the FCA register before any application.
How the current Dot Dot Loans works
The current operation is structurally different from the original. Two practical issues turn on the lender-versus-broker question. It scopes the regulated activities open to the current operator. It frames where a complaint must be sent and who is liable to act on it.
It does not lend its own money
PJG Financial Limited, the operator of the current dotdotloans.co.uk, is a credit broker. It does not issue loans. Applications submitted through dotdotloans.co.uk are passed to a panel of third-party lenders. Approval, terms, interest rate and the credit agreement come from whichever lender accepts the application, not from Dot Dot Loans.
The shared operator with MyJar
PJG Financial Limited also operates the relaunched MyJar brand. Both Dot Dot Loans and MyJar are registered trading names of the same firm, holding the same FCA reference (919697). The two brands therefore sit under a single legal entity and a single FCA authorisation. This is unusual within the relaunched-broker category: most relaunched brokers sit under a single brand each. Dot Dot Loans and MyJar share an operator, although neither has any connection to the original direct lender of the same name.
The applicant's personal APR depends on the lender
Because Dot Dot Loans does not set the loan terms, the applicant's APR is determined by the lender that ultimately approves the application. The advertised loan range of £100 to £5,000 over 3 to 36 months is indicative. The lender selected at the match stage sets every binding term of the agreement. Eligibility uses a soft footprint search. Hard credit checks come later if the borrower proceeds.
The original Dot Dot Loans
The original Dot Dot Loans operated for approximately six years, the shortest run of any direct lender covered in the relaunched-broker section of this directory. The brand was an online instalment-lending operation positioned as a more responsible alternative to traditional payday lending, offering loans of 100 to 1,000 pounds over fixed terms of three, six or nine months. Despite this positioning, the Shelby Finance subsidiary and its parent Morses Club accumulated affordability liabilities at scale. The May 2023 Scheme of Arrangement that was intended to manage them proved insufficient.
Brand established
Shelby Finance Limited launches the Dot Dot Loans brand as Morses Club's online lending arm. The product is positioned as a more flexible alternative to traditional payday lending, offering loans of 100 to 1,000 pounds repayable over 3, 6 or 9 months. Operation is online-only.
Acquisition of WageDayAdvance loan book
Shelby Finance purchases approximately 50,000 customer accounts and the active loan book from CURO Transatlantic Limited (operating WageDayAdvance and Juo Loans) under a pre-pack administration sale. The acquisition expands Shelby Finance's customer base and absorbs the historic WageDayAdvance customer relationships.
Affordability complaint pressure mounts
Both Shelby Finance and parent Morses Club face a sustained increase in customer redress claims for unaffordable lending. Morses Club, the larger home-collected credit operator, faces particular pressure from claims relating to its long history of doorstep lending dating back to the 2007 to 2022 period.
Protected trust account established
At the FCA's request, Morses Club agrees to hold money on trust for customers owed compensation. The arrangement ring-fences funds so that customers do not lose redress entitlement if the firm later fails or its restructuring proves insufficient. The trust account remains in place through to administration and beyond.
Scheme of Arrangement approved
The High Court approves a Morses Club Scheme of Arrangement covering customer redress for unaffordable lending between 1 April 2007 and 2 August 2022. Morses Club had stated that without the Scheme it would have entered administration earlier in 2023. The Scheme begins assessing claims and paying compensation through the second half of 2023.
Both firms enter administration
Morses Club Limited and Shelby Finance Limited enter administration on the same day. Ed Boyle and Rob Spence of Interpath Ltd are appointed as joint administrators of both firms. Ed Boyle had previously administered WageDayAdvance (CURO Transatlantic) and Sunny (Elevate Credit International). The Scheme of Arrangement automatically terminates on the appointment of administrators.
Loan book sold to Lantern
Outstanding customer balances are formally assigned to Lantern, a specialist debt purchaser. The assignment covers both the original Dot Dot Loans book and the historic WageDayAdvance accounts that Shelby Finance had absorbed in 2019. Borrowers should from this point direct repayments to Lantern.
Customer service ends
The Dot Dot Loans customer service centre closes the day after the Lantern assignment. The original lending operation effectively ceases. The Interpath administration of both Morses Club and Shelby Finance continues for the management of redress claims, creditor distribution and final wind-up.
Domain acquired and relaunched
The dotdotloans.co.uk domain is acquired by PJG Financial Limited, an unrelated firm registered in Scotland. The brand is added to PJG Financial's FCA permissions as a credit broking trading name. PJG Financial relaunches the site as a broker, alongside its existing relaunched MyJar operation under the same FCA authorisation.
If you had a loan from the original Dot Dot Loans
The Shelby Finance loan book was sold to Lantern on 8 March 2024. The information below applies to anyone with an outstanding balance or an unresolved redress claim.
Outstanding loan balances
Outstanding balances were assigned to Lantern in March 2024. Repayments should be directed to Lantern, not to Shelby Finance, Morses Club, Interpath Ltd or the relaunched Dot Dot Loans website. Borrowers receiving collection contact from Lantern in 2026 should request the original credit agreement, verify the outstanding balance and check whether any Scheme of Arrangement redress amount has been correctly applied.
Compensation
The Scheme of Arrangement that had been operating between May and November 2023 automatically terminated on 17 November 2023. The administrators are providing updates to former customers about how Scheme claims will be treated. Money in the FCA-mandated protected trust account remains ring-fenced for affected customers. Customers who had filed complaints under the Scheme but had not received payment by 17 November 2023 should follow Interpath's published guidance on the Morses Club administration website.
The WageDayAdvance connection
Customers whose original loan was with WageDayAdvance and was transferred to Shelby Finance under the February 2019 pre-pack sale are now in a position where the same balance has changed hands twice: from CURO Transatlantic to Shelby Finance in 2019 and from Shelby Finance to Lantern in March 2024. Any communication referring to a Dot Dot Loans, Shelby Finance or WageDayAdvance balance now traces back to a Lantern-held account. The chain of assignment can be reconstructed from the original credit agreement and the formal assignment notices.
If you are dealing with historical Dot Dot Loans debt
None of the services below charge for help with debt or credit. These services are independent and free of any lender or broker affiliation. Each helps with contested legacy balances, debt purchaser correspondence and the statutory options for managing debt that cannot be repaid.
Considerations for the current Dot Dot Loans
For applicants considering using the current dotdotloans.co.uk credit broker, three structural points are worth understanding before applying.
The current Dot Dot Loans is not the original Dot Dot Loans
The 2023 Morses Club collapse is recent enough that some applicants may still associate the Dot Dot Loans name with the original direct lender. That association does not carry over. PJG Financial Limited has no corporate, operational, or financial connection to Shelby Finance Limited, Morses Club PLC or the administrators Interpath Ltd. Reputation and product associations earned by the original lender do not transfer to the new broker entity. The current operation should be evaluated on its own merits as a credit broker, not on the basis of the original direct lender's track record.
The shared operator with MyJar
PJG Financial Limited operates both the relaunched Dot Dot Loans and the relaunched MyJar brands under a single FCA authorisation. This is a meaningful structural point for applicants considering both brands. The legal entity behind each is identical. An application submitted through one brand reaches the same operator that runs the other.
The applicant's APR is not knowable in advance
Because the broker does not set rates, the headline loan range published on dotdotloans.co.uk does not predict what any specific applicant will be offered. Final APR is set by the lender that approves the application, factoring in credit profile, principal and term length. The eligibility output is provisional. The lender's hard credit search delivers the final binding offer.
Established active brokers and direct lenders worth considering.
Three FCA-authorised firms whose continuous trading record under current ownership runs deeper. All sit inside the FCA short-term cost-cap framework.
Established broker operating the largest comparison panel in the directory. 30+ active lender partners. Pre-application eligibility checker as a soft-search tool.
Comparison broker with an editorial focus on total cost rather than headline APR. Eligibility checking ahead of full application, with no impact on credit file.
Bolton-based direct lender. Operating since 2009 under continuous FCA authorisation. Discount for early repayment and no upfront fees.
Sources and verification
Original Dot Dot Loans administration details verified against the FCA statement of 17 November 2023 and the Interpath Advisory press release.
Sale of the loan book to Lantern on 8 March 2024 and customer service closure on 9 March 2024 verified against contemporaneous reporting and the Interpath administration website.
Founding date of 2017 for the original Dot Dot Loans operation verified against contemporaneous product launch coverage. The original product was loans of 100 to 1,000 pounds over 3, 6 or 9 months.
WageDayAdvance pre-pack acquisition by Shelby Finance verified against the FCA notice of 25 February 2019 covering the CURO Transatlantic administration.
Morses Club Scheme of Arrangement and protected trust account details verified against the FCA's 17 November 2023 statement and the May 2023 Scheme court approval documentation.
Current operator structure and FCA references verified against the FCA register entry for PJG Financial Limited (919697) on 28 April 2026 and the published PJG Financial corporate details on dotdotloans.co.uk.
Swift Money Limited is a credit broker, not a lender. Inclusion in this directory does not imply a commercial relationship between Swift Money and either entity operating under the Dot Dot Loans brand. We are authorised and regulated by the Financial Conduct Authority, FRN 738569.