1st Stop Payday Loans
Good:
You can get your money within 4 hours (if your bank has fast transfer)
Bad:
They don't lend as much money as other payday lenders
Verdict:
One of the more expensive lenders but they accept people with bad credit to help you rebuild your finances with this small loan - only apply if you are sure you can make repayments on the agreed date as you will end up owing a lot of money
1st Stop Group offer payday loans between £100 and £500. These loans are to be repaid on your next payday. If you're a new customer, you can borrow up to £300, but you do have the option to top-up your loan in the future.
Their application has four stages, if you are accepted at stage 3, you will be sent a text containing your pin code and an email with your loan agreement which you will need to accept and send back. You'll then get a call from a loan advisor who will finalise your application and arrange transfer of the funds. Please note that by applying, you are subject to a 10p charge to verify your bank account.
1st Stop payday is a good option if you are looking to start rebuilding your credit history. You do not need to have a perfect credit history to apply. You can get the money quite quickly which is convenient if you need it fast as it can be in your account within the same day, providing that you've applied on a weekday and you've opted for same-day transfer. Before applying to this company, make sure you can pay the loan back on your next payday because if you don't you will incur a large amount of charges and it will cost you a lot more than it should.
Please be aware that 1st Stop acts as a lender but also acts as an affiliate. This means that when you complete your application form, they will tell you if they are able to offer you a loan. If they aren't, they may recommend another company to you. Do not feel as if you have to apply with the suggested company as this may further impact your credit file.
If you miss a payment these people will hound you day and night on every number they have for you. Please remember that. Also if you plan to extend it becomes really, really expensive. One of the highest interest loans of them all so really think hard about this and if you do take it - pay them back at first attempt, otherwise you are just an idiot!
do not touch this company .iff you miss a payment they hound you and harrass you at work and at home.they are unreasonable when trying to make an arrangement to pay money back..GO ELSEWHERE .DO NOT TOUCH THIS COMPANY
I have used this company for a couple of months, the charge £45 per £100 if your rolling over as the charge is £35 plus £10 roll-over fee there are much cheaper ones out there if you can get them. Also charge £20 to get speedy payment which could potentially be £200 if you take it over 2 months. But in saying that, they are quick, answer your emails quick and off great customer service on the phone. its up to you.
Pricey, rip-off interest rates, don't go there!!
avoid like the plague, ruthless and aggressive...........threatening e-mails, prob no differnt from majority, fine when you are oaying extortionate rates but miss and all hell will break loose, about to report for breach of data protection!!
Easy to use online service, staight forward, plus I got my loan the same day! Will definately recommend.
Was passed onto another lender who said they "had" a loan for me which was nothing like what i applied for. Also it'd cost me £49 to get it.
The percentage rate is crippling, please avoid like the plague. You've really got to be desperate to go here.
I find this compay very rewarding and meet's my need's
The 1st Stop pay day loan don't offer as much funds as other pay day lenders but it is great for a small emergency loan. Luckily, if you have credit issues (as I do) you will still be considered.
Once I applied the decision was made quickly and I received my funds on the same day as I was approved before four o'clock.
Loans for new customers up to £300 - 31 days
Loans for existing customers up to £500 - 31 days
- You may not need to provide any documents, they will inform you when they receive your application
- You must have been a UK resident for 3 years or longer
- You don't need to have a good credit history
- You can be full-time or part-time employed, or you can be self-employed
- You must have a UK bank account that your wages get paid into
- You must be 20 years of age or older to apply
- Verification of bank account - £0.10
