Creditstar Loans | www.creditstar.co.uk Reviews

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CreditStar Loans

About Creditstar Loans

The Creditstar Group that was established by Aaro Sosaar has been in operation since 2006. They operate today in 8 countries that includes Czech Republic, Denmark, Estonia, Finland, Poland, Spain, Sweden and the UK. Current Alexa data shows that their best visibility is seen in Finland, then Estonia (founder’s home) and then Spain. The brand name in focus is central, but there is also Monefit that is expected to launch in the UK soon. Globally, the Group’s customer base has surpassed 1 million users and there are now 135 staff within the organisation. Local performance hasn’t been great thus far, but with such an impressive global reach there is less reliance on this particular market served.

Creditstar’s site is stylishly designed with just a minor issue being that their calculator freezes once you have entered a few details in. The only workaround for this was to delete the browser’s cache. Moving to the product, amounts of £100 to £600 are accessible to first time borrowers and then the reloan cap rises slightly to £700. A nice touch is that the amounts rise in small £5 increments. Any month can be taken up between 1 and 6. A simple capped £24 per £100 is charged over 30 days. The £300 instalment prices worked out at £157.88 (3m) and £295.90 (6m). Standard working hours are now in place, but they did previously operate 7/7 (9am-8pm).

Company Details

Address: Mappin House, Oxford Street, London, W1W 8HF

Brand: Creditstar (aka: Credit Star)

Company: Creditstar UK Ltd (subsidiary of Creditstar Group AS)

Contact (📧): info@creditstar.co.uk

Contact (☎): 020 3695 7544

FCA Licence: 675392

Launched: 2011

Niche: Payday, instalment

Opening Hours: Mon/Fri (9am-5pm)

Related Brands: Non

Site Address: www.creditstar.co.uk

Site Rank (Alexa.com Global): Unranked

Product Specs

Amounts Available: £100 to £600 (£700 on reloans)

Late Payment Fee: £15

Manage: Yes, a Creditstar login is provided

Pricing: £24 /£100 (1m) & £157.88 /£300 (3m) & £295.90 /£300 (6m)

Repayment Terms: 1 to 6 months (any month between)

Review Feedback

Feefo: Not listed

Reviews: Not listed

Trustpilot: Not listed

Rivals & Similar Lenders Like Creditstar

Creditstar’s key competitors are those who themselves have active overseas operations. Ferratum now operates in 23 (with plans to expand to 50) and then there’s MyKredit who have businesses running across 18 countries although MyKredit itself is only otherwise currently running in Spain. This is however a key market for the lender in focus. The local Ferratum and MyKredit products each only extend to 4 months. MyKredit’s site is the top performer of the bunch in focus. It will be interesting to see if Monefit is launched soon locally. It is listed in their FCA page and so there is a good chance. What we like about it is that it functions as a line of credit in Estonia and another LOC would be greatly welcomed here.

Last Check @ www.creditstar.co.uk: June 28th, 2021

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