Lending Stream Loans | www.lendingstream.co.uk Reviews
About Lending Stream Loans
Lending Stream is one of the UK’s most recognisable instalment loan brands. They started out life in 2008 originally as a payday lender, but soon adapted to a fixed 6 month term. It was smart of them to make this change early as when price capping was brought forward many monthly firms quickly made the switch across, but this company already had made up excellent ground in this niche. Maintaining their success hasn’t been easy, with this being one of the most competitive subprime sectors. At the same time you have to factor in that the owner (Gain Credit) has also been busy pushing forward Drafty. These brands make up the Gain’s 370,000+ customer base.
To support growth, there has always been a big push on the advertising front here. Many will be familiar with their TV adverts (a popular one being their Tight Spot ad with the character Lenny). They lend initial amounts of £50 to £800 with a larger reloan cap of £1500. Interest is charged at £279.91 for £300 over their set term. This is an average sector charge. Stream’s operational days have recently been trimmed back to Monday to Saturday. Other than this, Stream’s product hasn’t changed much over the years. As always, they do have some of the largest review counts, especially on Reviews.co.uk at 96% from 26,000+ feedback (Trustpilot has over 16k).
Address: PO Box 10756, Leicester, LE3 4GX
Brand: Lending Stream (aka: LendingStream)
Company: Gain Credit Llc (subsidiary of Gain Credit Inc)
Contact (📧): firstname.lastname@example.org
Contact (☎): 020 3808 4440
FCA Licence: 689378
Opening Hours: Mon/Fri (9am-6pm), Sat (9am-1pm)
Related Brands: Drafty
Site Address: www.lendingstream.co.uk
Site Rank (Alexa.com Global): #659,694
Amounts Available: £50 to £800 (£1500 on reloans)
Late Payment Fee: £15
Manage: Yes, a Lending Stream login is provided
Pricing: £279.91 /£300 (6m)
Repayment Terms: 6 months only
Feefo: Not listed
Reviews: 96% (26,000+ count)
Trustpilot: 88% (16,420+ count)
Rivals & Similar Lenders Like Lending Stream
Stream’s previous key competitors were Satsuma and Sunny. Both of which have now closed. As a result it would have been expected for this firm to perhaps become the dominant sector force, but as it stands they sit just outside the top 5 for most visits. There are a few fellow experienced loan providers still floating about. One of these is Mr Lender who themselves have great feedback on Reviews & Trustpilot. They’re performing at a similar level, but there is added flexibility there with 3 to 6 monthly options and the service runs 7 days a week. Before using the company in focus we’d advise seeing if you could get the green light at sister-brand Drafty. The price variation itself is significant at £97.20 there vs £279.91 here.
Last Check @ www.lendingstream.co.uk: July 9th, 2021
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It was so easy to apply and quick
Excellent service. Very happy!
Can only pick a 6 month repayment. Needs more flexibility and a lower price as well