Personal Loans
· Valteray Editorial Team

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Lending Stream: High-Cost Loan for Emergencies Only

Lending Stream offers loans with APRs up to 1333%. Consider this only if all other options, like credit unions, are exhausted.

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The Quick Version

Lending Stream provides short-term loans with APRs ranging from 99.9% to 1333%. It's a fast option for small amounts but should be a last resort due to high costs. Approval is quick and caters to those with bad credit, but the steep interest can more than double your repayment.

Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.

Lending Stream Short-Term Loan

Lending Stream offers high-cost credit for emergency needs.

Lending Stream Short-Term Loan

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The Numbers

According to Lending Stream's official page, new customers can borrow from £50 to £800, while existing customers can access up to £1500. The representative APR is 1271%, with a total repayment of £578.36 on a £300 loan over six months. This makes it one of the most expensive lending options available.

What's Actually Good

Lending Stream is appealing for its quick approval process, often within minutes. It also considers applicants with bad credit, which can be a lifeline for those unable to secure loans elsewhere. With over 900,000 customers served, its trust rating on Trustpilot is strong, boasting a 4.8 out of 5 stars from over 35,000 reviews.

The Catch

The downside is glaringly obvious: the sky-high APR. While it's marketed as a solution for emergencies, the cost can spiral, making it a dangerous choice if you're not certain you can repay promptly. Borrowing £300 means you'll end up paying nearly double over six months. This isn't a sustainable financial strategy.

Who Benefits Most

This loan is most suitable for individuals with poor credit who need a small amount of money very quickly and have no other options available. It's crucial that borrowers have a regular income to avoid falling into a debt trap.

The Bottom Line

Only consider Lending Stream if you've exhausted all other options, including credit unions and personal loans from family or friends. It's a high-risk, high-cost option that's best avoided unless absolutely necessary.

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