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.
Sites like Lending Stream
Lending Stream provides a 6-month alternative to traditional payday loans, that can be "streamed to your bank account" (read "transferred") within minutes, and then repaid monthly. Here's a list of popular UK lenders competing in the same space.
Online loan companies like Lending StreamLending Stream allows borrowers to spread the repayment of their loan over a maximum of six months, but they can also repay early at any time to save on interest. Money can be transferred to your bank account within minutes and provided you pay all instalments on time and in full, there are no fees to worry about.
It’s only one of the lenders trying to fill the gap in the market left behind by Wonga. It typically offers loans at a high interest rate but gets you quick access to cash and has comparatively loose eligibility criteria.
Compare the cost of payday lenders
As well as comparing short term loans with other types of credit, before you apply for a loan it’s a good idea to shop around and compare a range of lenders. You can use the table below to get an idea of how much the loan you have in mind might cost.
We compare payday/short-term loans from
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