Who is Lending Stream and What can They Offer People?

When it comes to borrowing money people may not actually know that there are a number of different options available to people to select from before they apply for anything at all. People these days from the financial market place can potentially borrow when applicable both short term loans and instalment loans and here people can borrow a wide range of different loan amounts for repayments then due over a wide range of repayment terms. Both of these loans are very common when borrowing from the market place yet they will each have their own positives and negatives with the product when they are taken out. Another common way of borrowing money is via the use of credit cards, they allow people the chance to take out cash or pay for a range of different items on credit up to a set limit. As well as the product people choose they must also choose the lender to apply through and it is direct financial lenders that I will be writing my article below about. I am going to focus on the lender Lending Stream and I will state what they offer to borrowers.

Lending Stream are a large lender that offer borrowers the chance to take out loan amounts up to £1500.00 to be repaid as short term loans. They allow their customers to repay any debt taken out over a six month period of time yet they will never penalise anyone for repaying the debt early in fact some people if they clear their loan in full before the original due date they may be able to settle the balance at a reduced rate. Lending Stream allows people the chance to apply for finance quickly online in a process that should only take the average person a few minutes to complete. If that same application can then be accepted they aim to pay their customers within again just a few minutes. Lending Stream truly can fund people within just minutes of any application being accepted. This can become perfect short term loan borrowing but anyone who takes out loans like these should never use them as a long term financial solution.

There can always be people looking for finance that have poor credit and because of this they have probably found getting financial applications accepted can be tough or really expensive when occasionally they can get loans. With this in mind if the same people apply to typical high street lenders such as high street banks then they will be declined. Lending Stream on the other hand may be able to help these people. They run their own credit scoring system yet they can lend to a wider range of people than the high street lenders, Lending Stream can also look to lend to people that may have missed other debt payments in the past previously where as some lenders could not. Any loans designed to help people with poor credit may be much more expensive than the average borrowing loan so bare this is mind.