Lending Stream

Lending Stream

September 16, 2009 19:00 ET

Flexibility Is Key for Lending Stream Customer

EDGEWARE, UNITED KINGDOM--(Marketwire - Sept. 17, 2009) - Fitness instructor Toni Gibbon, 23, decided flexibility was the key when she was looking for an online loan recently. She chose a loan from payday lender Lending Stream, because they offered more flexible terms than any other lender.

In her job, Toni knows the importance of flexibility. She says: "I always tell my clients they have to stretch properly to remain flexible. Since I finished my training and started working, I found my bank balance was quite stretched, but sadly not very flexible!"

With some debts outstanding and new bills coming in, Toni decided it was time to take control of her finances. She had heard about payday loans from a friend, but she had some concerns. Above all, she was worried that she would have to sign up to a repayment plan that might not suit her.

She continues: "I used the internet to research online loans. Several lenders make you repay the full amount on your next payday, but Lending Stream were much more flexible and gave me longer to pay back the loan. This meant I could borrow enough money to pay off my debt and buy some new gear for work that I really needed."

Figures from Lending Stream show that this is one reason their service is very popular. 94% of Lending Stream customers opt to use their flexible repayment terms, so they do not have to pay back the entire loan on their immediate next payday, as they would with other payday lenders.

Another reason Toni chose Lending Stream was because they had no early repayment charges. "Unlike some other online loans I looked at, there were no penalties for paying back the loan early. I'm hoping my Dad might give me some money for my birthday, and if he does, I can pay off some or all of my loan."

The spokesperson from Lending Stream commented: "We're pleased that we were able to help Toni take control of her finances in this situation. We know our flexible repayment plans and no early repayment charges are particularly useful for our customers. They can reduce their borrowing faster with no penalties if they are able to do so. As a responsible lender, we encourage our customers not to borrow for longer than they need to."

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

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