Total amount of credit £80, duration of the agreement 29 days, rate of interest 292% per annum (fixed), total amount payable (in one repayment) £98.56. Representative 1281.8% APR.
In your online search for short-term finance you may come across the payday lender Lending Stream. They have been trading and offering financial services in the payday loan sector since 2008. It is important when considering whether their products are suitable that you consider your financial circumstances and also look at other options on the market. It is also always important to consider the terms and conditions of the loan in order to help ensure it is affordable.
Lending Stream are similar to a number of other lenders on the market. However, unlike some lenders they offer the ability to repay over a longer period of time than 1 month. Their website states that repayments can be made over 6 months. You will also find by visiting their site that they offer loans up to £1,500.
Here at 247Moneybox.com we firmly believe in the importance of safety and security, particularly from fraudulent activity or poor levels of service, when it comes to your short-term borrowing needs and thus we recommend that you search the internet for any Lending Stream complaints. It is also worth contrasting any Lending Stream reviews online with that of other lenders.
Comparing products online is a good way to assess the relative pros and cons of any product based on your situation. You may think some products are unsuitable for your needs and so decide to apply for another product. Indeed you may decide that none of the products on offer are suitable. The decision to apply is yours and you should take into account your requirements.
Naturally, as with any payday lender, the decision to lend to a consumer is at the company’s discretion and is typically based on a number of factors which include credit checks which, as you may know, is a check made in full or in part using third party credit reference agency data. You should consult the company website if unsure as to whether or not you may be eligible as there is often useful information available to you.
If you feel that you have been misinformed by any financial service provider, including payday loan companies, then be sure to raise this complaint with FOS, the Financial Conduct Authority (FCA) or seek free advice from the Citizens Advice Bureau (CAB).
You are able to search for the Lending Stream contact number online via any number of search engines. Having a channel of communication with your financial services provider is very important in ensuring a long-term relationship built on mutual trust, service and support.
The data below is accurate as at 20 July 2019