Lending Stream launched in 2008 and so is still one of the relatively new lenders on the scene. This payday loan lender will offer cash amounts between the range of £50 and £600, but existing customers can receive a maximum loan of £1000. This is not a monthly loan though, but is extended over a few months (details below). Lending Stream usually worked on providing BACS payments, but now that these are no longer allowed you will have to take on the £15 transfer fee that adds up those overall charges. Lending Stream will carry out a credit check, but they do advertise the fact that they can approve an application even if the credit history is bad (they do seem to be quite strict as far as I can tell though). They are SSL secured and are payday loan trade association members and so this is a trusted lender to use.

If you receive a cash loan from Lending Stream then you would be required to pay 30% interest each month. These are extended loan periods, either being 4, 5 or 6 months. This is essentially a lender that provides free rollovers that would make them a cheaper longer term solution. One may wonder why with such long terms they are counted as payday loans and the reason for this is that they mirror a payday loan in every area other than the loan period and even here you can choose to pay early after just the month. Lending Stream has a very clean and well designed site and once logged to your account it is very easy to navigate around and control your loan funds. There was no mention of any faxing and so I am unaware if such documentation would be required. Just to add that customers must be paid monthly to qualify here.

Charges for a £100 Loan:
Charges: £30/£100 interest + £15 transfer fee = £45/£100

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