Lending Stream started out in 2008, providing short-term loans for a 6 month repayment period. Their customers are from all around the UK and the average age is 32. However, they don’t provide payday loans as they feel if the loan can’t be paid back on payday, then the customer could be in worse debt. They use a mix of reviewing individual cases, powerful data analytics and precious credit scores to approve loan applications.
REPRESENTATIVE EXAMPLE: £200 loan taken for 6 Months. Annual rate of interest 292% fixed. 6 repayments of
£64.44. Total amount payable: £386.61.
