2014 Lender Lists:
On Stride Financial @ www.onstride.co.uk
The variable rates will either be 29%, 59%, or 89% APR. For £1000 over 12 months this would create charges of £146.36, £272.45 or £385.91. These are very competitive charges that tells me that they are looking to compete with Amigo Loans and other emerging guarantor firms. The advantage over Amigo is that no guarantor is of course required here. They are as noted much slower than their sister-brand. Whereby Pounds to Pocket trades 24/7 with funds being available almost instantly, this is not the same story here. They are open from Monday to Friday only. This was between 8am and 4.30pm, but they now close later at 7pm.
On Stride Financial also have to underwrite the application that they state can take a couple of days. After approval they do issue same day funding though. As an update, they do require a bank statement to be uploaded. Other than this, their eligibility requirements are relaxed. Once the loan goes through you are handed with a secure login facility at www.onstride.co.uk. I would expect those with past credit troubles to fall into the 89% APR tier (they may just push you on to P2P). Other than the low pricing, they promote that no late fees are charged. We will keep an eye on their progress.