Lending Stream

Lending Stream

December 29, 2009 01:00 ET

Increased Holiday Expenditure Can Be Eased With Lending Stream's Online Loans Offer

EDGWARE, UNITED KINGDOM--(Marketwire - Dec. 29, 2009) - According to a report by the Credit Action Group, the average household debt has reached £58,316 and every day over 1000 people look for formal debt rescheduling plans. It goes without saying that Christmas and New Year expenses will add to their woes. Yet, despite the economic slowdown, a rise of 7.1 percent (Government Statistics) has been noticed for textile, clothing and footwear retail sales since last November. Clearly, the cheer brought by the holiday season has eclipsed the gloom caused by the crisis. This scenario calls for astute debt management to ensure that customers don't spiral towards bankruptcy.

For its part, Lending Stream, a payday lender, is offering online loans with easy instalment-based repayment plans that ease the burden of bill payments. Customers not only get access to cash for expenses but also have a simple solution to managing loan dues better post Christmas.

A spokesperson from Lending Stream commented, "Our goal is to ensure that our customers' holiday cash needs are met. At the same time, we wish to make sure that they are not burdened with a deluge of dues after Christmas. Our flexible payday loan repayment plan allows customers to pay back their loan in easy, monthly instalments that are easy on the wallet."

Lending Stream's payday advance service offers more than just the regular benefits of convenience and speed. There is a strong focus on helping customers make loan repayments without straining their finances. With the company's flexible, instalment-based plan, they have the option of paying the loan back in 8 days or in 6 months. If they wish to keep the interest to a minimum, they can prepay anytime without penalties. At the same time, if lower monthly repayment amounts is the consideration, a longer-term option can be availed of.

"Post Christmas, when wallets get lighter, this flexibility in repayment will benefit customers and will help them avoid possibilities of defaulting on the loan," the spokesperson added.

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