Lightning Loans is a 12 month loan lender that you will find located at www.lightningloans.co.uk. This company appears to have either been setup in 2010 (or much more recently). They did previously trade as Valour Loans and they are owned by the Valour Finance Group who were formed in 2003. They have a few other brands behind them such as Best4Loans that is a brokerage service. Lightning Loans on the other hand is a direct lending arm of the company. They primarily offer a 12 month loan service from £600 to £2000. They do also reference a short term product in their FAQ between £80 and £800.
Everyday Loans was established in 2006 and this brand is owned by Secure Trust Bank Plc who also control Moneyway. They can be reached online through www.everyday-loans.co.uk and you can find them on the high street through their wide branch network. There is in the region of 30 stores that each play a key role in the running of this subprime business. This is through applications for their standard product having to be completed on a face-to-face basis. Once accepted they hand you a cheque and so it can take time to access your funds. They accept bad credit such as past defaults, but they always ask for documents.
MyMate was launched in 2013 at the vibrantly styled www.mymate.co.uk website. This brand is the creation of Matthew Sanders who has been very successful through the recruitment business (called de Poel). Soon after launch, additional short terms were available (7 to 31 days), but you can now only select between 2 and 12 months. The impressive sum range from £150 up to £2500 has remained in place. There are various term restrictions. For instance, the £1000 amount stops at the 6 month point (£1010 allows you to select 12 months). Cash limits could be imposed based on personal circumstances and there is a “Plan B” option in place.