Consollo @


Consollo is a direct lender within the guarantor loan space based in Sale (Cheshire). They launched at back in July 2013. This brand is part of Stonemere Finance Ltd who have been operating since 2010. They started out lending through the payday firm (321Cash) and they also broker through the Cash Calf and Pay Me Early brands. The Consollo guarantor loans service has now become their central focus and this has been promoted a considerable amount over 2014. This product has been designed and marketed for consolidation, specifically for those caught up in the payday loan cycle. They head sums of £1000 to £5000 taken over between 12 and 60 months.

For a £1000 loan over a full year the charge would be set at £236.72. This is exactly the same price as in place at Amigo Loans. It is understandable that they would match what they offer, since they are the current market leader. Amigo are of course not one of the cheapest solutions around though. There is no login facility equipped to although they do use SSL. The guarantor must be a homeowner aged between 21 and 75 and they must have a top credit score. Bad credit is fine so long as the applicant is in a viable position to meet the repayments.

They aim to send the payment out on the same day, but they state that it can take a few days and so it doesn’t look like they process transfers through the Faster Payments Service. There is a note that documents may be requested that could slow down the process. No contact times are listed, however the same times would likely be in place as at 321Cash. These times are set as Monday to Thursday (8am to 8pm) and Friday is (8am to 5.30pm). This service has good qualities, although there isn’t really a USP that differentiates them in what has become one of the UK’s most competitive and overcrowded sectors.