Looking for a payday loan direct lender? Lending Stream offers something better i.e., short term loans. We offer instant decision loans of up to £1,500 and send the cash to your bank in 90 seconds (if approved).
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Representative 1271% APR
Representative Example: Given a Representative APR of 1271%, if you borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. You will repay £578.36 in total.
Warning: Late repayment can cause you serious money problems. For help go to moneyhelper.org.uk.
Very easy to apply
Very easy to apply, couldn’t have been more simpler to be honest and the money was in my account in less than a minute 10/10
Leona, 18 November 2023
Poor credit rating no problem
Quick and easy to apply
Kim, 25 November 2023
At Lending Stream, we’ve been proudly helping customers in the UK since 2008. In fact, we’ve helped over 1 million brits with their financial needs by lending over 4 million loans. We’re an FCA authorised and regulated direct lender, with authorisation number 689378. Responsible lending is our biggest priority, and we want to make sure our customers` experience is great.
To achieve this, we believe transparency is key. We want you to fully understand the costs, fees, and repayment plans associated with our loans. At Lending Stream, we follow the rules set by the Financial Conduct Authority (FCA). This means charges, like interest rates and fees, are clear and upfront. No hidden costs, no surprises – everything is clear and easy to understand.
No, Lending Stream is not a payday loan direct lender. Lending Stream is a short term loan provider based in the UK. Our representative APR is 1271%. So, if you were to borrow £300 over 6 months at 292% p.a. (fixed), you would owe 6 equal repayments of £96.39. In total, you would repay £578.36.
Our short term repayments can also be categorised as “instalment loans”. Borrowers have the option to repay their loan in 6 monthly instalments, rather than in one lump sum on their next payday.
Payday loans, also known as cash advances, are short term loans designed to provide quick access to the funds you need, to address unexpected financial challenges. These loans are available to individuals with varying credit profiles, including those with bad credit. This makes them a go-to option for borrowers in need of immediate cash.
However, it`s essential to use a payday loan responsibly and only when necessary to avoid falling into a cycle of debt.
At Lending Stream, we offer a responsible payday loan alternative. Our short term loans range from £50 to £1500, and if approved, you’ll receive the funds to your bank within 90 seconds. Typically, you need to repay your payday loan on your next payday. But with us, you can repay our loans over 6 months through monthly/weekly instalments.
Payday loans function similarly to other loans. These are particularly convenient for individuals in need of quick cash, regardless of their credit history. Here’s how they work:
If you’re looking for a bad credit payday loan, consider our alternative at Lending Stream. We understand that credit scores don`t always represent your current financial situation. That`s why we consider individuals with a poor credit history too for bad credit loans.
Payday loans should only be utilised for urgent financial needs, such as:
It’s important to remember that a pay day loan is not a long-term solution for ongoing financial difficulties. Before applying for a payday loan, check your financial situation. Ensure that you can repay on time to avoid additional fees and financial stress.
You should generally avoid payday loans in the following situations:
Payday loans should be used only in genuine emergencies when no other options are available.
The loan amount you can borrow from a payday loans direct lender in the UK depends on various factors. This includes lender policies, your income, and local regulations. In the UK, payday loan amounts typically range from £50 to £1000. Some lenders may offer higher sums based on your creditworthiness.
A payday loans UK direct lender evaluates your income and repayment capacity when deciding the loan amount, they can offer. Borrow only what you need and can comfortably repay.
To determine your eligibility for instant payday loans, consider these key factors:
At Lending Stream, we use above criteria too. During our application process, we might ask you to show proof of your income. We do this to see if you can afford the loan repayments. If we do, we will verify the details discreetly.
Applying for payday loans online in the UK is a straightforward process. Here is a general guideline:
For a loan with Lending Stream, fill our online application form. In the form, provide your personal information, desired loan amount, employment details, income & expense details, and banking information.
We’ll run a credit and affordability check on your profile. If approved, we will send the approved amount to your bank within 90 seconds.
Payday loans can be valuable for individuals who use them wisely. When used for urgent financial emergencies, even small payday loans can offer a lifeline. But if used irresponsibly, it can trap borrowers in a cycle of debt. They are often considered as a bad financial choice due to their high interest rates and short repayment periods.
Also, to safeguard their financial well-being, people should consider borrowing only from direct lenders that are authorised by the Financial Conduct Authority (FCA).
To verify the legitimacy of payday loans direct lenders, you can check if they are authorised by the Financial Conduct Authority (FCA). Beyond this look for their contact information and read customer reviews. One major thing to look for is their transparency in loan terms and fees.
Try to avoid lenders who request upfront fees. Contact their customer service and ask questions. Review the entire loan agreement carefully before signing. And most importantly trust your instincts. If something feels off, reconsider.
Remember, pay day loans should be your last resort due to their high costs. Explore alternative borrowing options if possible.this is paragraph text
Yes, payday loan companies still exist in the UK. However, their operations are significantly regulated and monitored. Especially after the Financial Conduct Authority (FCA) took over the regulation of consumer credit in 2014.
The FCA has implemented stricter rules for payday lenders. Including caps on interest rates and fees. This is done to protect consumers from unfair lending practices.
While payday loans offer quick access to funds, you can consider these payday loan alternatives for your financial needs:
Exploring these alternatives can provide flexible repayment options, lower interest rates, and better long term financial results.
Payday loans can affect your credit score, depending on your lender. Timely repayments can positively impact your credit, while late payments or defaults can harm it.
Some lenders may not report timely repayments to credit reference agencies. As a result, you might not see a positive impact on your credit report. However, they will report a default or late repayment.
It’s important to borrow responsibly and make sure to repay on time. Doing so will minimise any impact on your credit score.
If your payday loan application is rejected, don’t panic. Identify the reasons for rejection and work on improving those aspects. You can also explore other lending options, including credit unions or other online direct lenders.
If you find yourself unable to meet your payday loan obligations, don’t hesitate to reach out to your lender. They might be willing to work with you to find a suitable solution. Ignoring it can lead to additional fees, penalties, and even damage to your credit rating.
You can also look for help from a financial counsellor or from free debt advice services to manage your situation.
If you have a loan with Lending Stream, we may offer revised repayment plans. We’re committed to helping you manage your situation effectively.
If you already have an account with us, you can log in and chat with us through there. Otherwise, you can get in touch on our contact us page. If you prefer you can give us a call on 0203 808 4440#. We’re open from 9 am to 6 pm Monday to Friday, and 9 am to 1 pm Saturdays.
Some payday lenders may offer you a payday loan with no credit check. Be cautious as these lenders might not be authorised by the FCA. And may put you in a payday loan scam or debt trap. Although, most reputable lenders will not give out loan without a check.
Yes, payday loans are legal in the UK. The lender needs to be regulated and authorised by the Financial Conduct Authority (FCA).
The best payday loan depends on your needs and preferences. Comparing rates, terms, and customer reviews is essential to get a loan from the best payday lender.
The duration of payday loans varies by lender. In the UK, payday loans are generally meant to be repaid on your next payday. However, some lenders offer flexible repayment options. This allows borrowers to extend the loan term if necessary.
Payday loans might not directly affect your credit when repaid on time. But late payments or defaults can have a negative impact on your credit score.
Yes, you can have multiple payday loans at once. But it’s crucial to assess affordability and consider the potential impact of multiple payday loans on your finances.
To find a payday lender near you, you can use online search engines or directories, check local business listings, or use location-based apps. Ensure to verify the lender’s legitimacy and review their terms carefully before borrowing.
Very good company
Very good company, it's easy to fill out the application, everything is written well and clearly and the money is quickly in your account. The company is worth recommending
Grzegorz Komajda, 24 November 2023
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