April 2019 Update
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Lending Stream Loans | www.lendingstream.co.uk Reviews
Lending Stream is one of the UK’s major instalment loan providers established in 2008. The owner (Global Analytics) operates locally through this company and also Drafty, collectively serving 370,000+ customers. This lender is considered as being the first big name to target the 6 month loan niche. Most companies back then were short term specialised. The FCA’s payday loan cap in 2015 would of course quickly push many of these companies on to instalments where this company had already become firmly established. Those profits generated helped to drive significant ad spends. You would have likely seen their most recent advert (Tight Spot) that features the character Lenny who is played by Christopher Tembey.
Brand: Lending Stream (aka: LendingStream).
Company: Gain Credit Llc (subsidiary of Global Analytics Holdings Inc).
Founder: Krishna Gopinathan.
Opening Hours: Monday to Sunday (8am-8pm).
Other Projects: Drafty.
Address: Wisteria Grange Barn, Pikes End, Pinner, London, HA5 2EX.
Phone: 0203 365 0133.
Alexa Rank (Local): #12,029.
Facebook Page: 5500+.
£275.52 /£300 (6m).
Amounts: £50 to £800 (new applicants).
Amounts: £1500 max (when reloaning).
Amount Selections: £10 increments.
Late Payment Fee: £15.
Terms: 6 months.
*New logo has now been added. The site itself has also receive a major overhaul.
The Lending Stream loans are available 7 days a week, as has always been the case. It is good to see the small £10 incremental changes when selecting amounts on the calculator. This loan provider is highly experienced and has one of the biggest profiles on the market. They have collected very positive feedback across 3 different portals although we’d take this with a pinch of salt! Their feedback scores include Reviews.co.uk where they rate 97% (13,700+), Review Centre scores 94% (4400+) and Trustpilot is 93% (4200+). We would just be a little wary on the authenticity and level of incentivisation going on here. Even the market leader (Wonga) doesn’t have thousands of reviews across multiple portals.
This company helped to kick-start the 6 month loan trend, but over time their service has pretty much remained the same. A minor change has been the downgrade from comprehensive 24/7 support down to 7/7. We would have expected more flexible terms to be added in recent years that you can receive from most of their competitors. The pricing could be improved here, but many of the top instalment firms to be fair are pretty expensive. The flexibility and pricing points have at least been addressed through the owner’s recent project (Drafty) that is packaged well. You aren’t however likely to get approved on that side with bad credit.
Similar Lenders Like Lending Stream…
There is an endless supply of 6 month loan lenders out there. Just several companies that serve this niche are really competing with this brand though. The biggest of which is Sunny. MyJar and Satsuma aren’t far behind and then you have MyJar and WageDayAdvance. All of these firms will give you multiple repayment choices. Non of them particularly stand out in the pricing department though. Competitive deals are available from the likes of Fair Finance and Tappily. For anyone with a fair credit score, we’d certainly advise giving Drafty a try first. Their service is competitively priced at just 0.18% daily. As a credit line solution, you can choose any term there as well.
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