Please note: High-cost short-term credit is unsuitable for sustained borrowing over long periods and would be expensive as a means of longer-term borrowing.
Loans like On Stride
Before going into administration in October 2019, On Stride offered straightforward loans to people with less-than-perfect credit histories. We've compiled a list of popular UK lenders offering similar services.
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How do On Stride loans work?
If you feel let down by mainstream lenders, either because you don’t meet eligibility criteria or because your credit history is less than perfect, sites like On Stride can provide helpful access to finance, albeit at relatively high interest rates. On Stride didn’t expect you to have a flawless credit file, but as a responsible lender it did run affordability checks (including a credit search) before approving your application for a loan.
It’s important to compare your options before taking out a loan, and to seek out the best rates you’re eligible for. While On Stride may have suited some borrowers with poor credit, if you have good credit and can afford the loan you’re after, you should be able to access better rates. Similarly, if you have bad credit but could find a friend or relative with good credit to act as a guarantor (that’s somebody who promises to pay off the loan if you don’t), then once again, you may be able to access cheaper loans than if you apply alone.
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