Lending Stream

Lending Stream

September 01, 2009 07:01 ET

A Short Term Loan Saved our Family Life

EDGEWARE, UNITED KINGDOM--(Marketwire - Sept. 1, 2009) - A broken washing machine is a disaster when you've got three small children in the house. Payday loans company Lending Stream came to the rescue when Steve and Julie Fuller had no-one else to turn to. A short term loan saw them through till the next payday and meant family life could continue.

Like most people, Steve and Julie are getting by on a budget this year. When the washing machine packed in the week after Julie gave birth to her third son, she went to pieces.

"Steve had just gone back to work and I was coping on my own. Our machine was really old and wasn't worth mending. We didn't have the cash for a new one. We didn't want to ask family and friends for help, as everyone is in the same situation, counting every penny. We had mountains of washing to do but struggling to the launderette and back wasn't an option."

Help was at hand with a short term loan from Lending Stream. Steve applied online in his lunch hour and got immediate approval in principle. As a responsible lender, Lending Stream conducts rigorous credit and identity checks as part of their credit decision-making process. And they're fast: over 50% of applicants get the cash they need in their bank account within 24 hours.

Steve said: "Someone from Lending Stream rang me to talk through the details. Once they were sure we understood all the terms and conditions, I finished the process online. Even though it was 3pm by then, we had the Pounds Sterling 280 in our account by the end of the day."

By borrowing some extra cash till payday, Julie and Steve were able to buy a new washer dryer and get back to normal. Steve commented: "I chose Lending Stream because they were very clear and straightforward. They explain everything so you know exactly what you're signing up to. There are no hidden costs. And we got our cash the same day."

Steve and Julie will pay off the loan over the next six months. They will make repayments every payday until the loan is cleared. But there's no penalty for paying it off early. Steve says: "I'm hoping I might pick up some overtime in the next few months, so I could pay off the loan early without any extra charges if I wanted to."

A spokesperson from Lending Stream commented: "We're delighted we were able to help Julie and Steve in this situation. You never know when a domestic emergency is going to happen, and getting fast access to some extra cash till payday can be a lifesaver. Our customers tell us they like our fast, friendly service and transparent charging structure."

To find out more about Lending Stream, visit http://www.lendingstream.co.uk.

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