THL Direct
Good:
Same day payout if you are approved before 2:00pm
Bad:
Very expensive and have been known to take large sums of money from your account without warning
Verdict:
Charge is £30 per £100 borrowed- if you take this loan out make sure you can definitely repay it on the agreed date or you could end up owing them much more
THL Direct offer loans for £150 which you pay back on your next payday. THL Direct charge £30 for every £100 borrowed, which makes them one of the more expensive payday lenders on the market. THL Direct now only offer the express payday loan you have to pay a £25 transfer fee for the fast transfer of your money.
You can apply online or over the phone with THL Direct. If you want to apply online, you need to complete the application form on their website. Once you complete the application, it will be forwarded to a representative who will review your details, contact you with a provisional decision and may request you send some documents in. THL will also carry out a credit check on you. Once you have done all this, they will contact you to inform you of their final decision. If your application is completed before 2pm, the money will be in your account on the same day.
THL Direct's website is not SSL secured so your application may not be as secure as it would be with other companies. Also, they may pass your details on to a third party. They might require you to fax documents to them so be prepared as this could make the application process a lot longer. They do offer loan extensions if you are struggling to make repayments, you can roll the payment over until next month and pay the interest only. Realistically, you can get a cheaper payday loan from other lenders who don't charge as much APR or add a "FastTrack" charge, many do same day payout for free. They have been known (if you go into arrears with payments) to pass your debt onto a collection agency and after selling the debt, they will take the repayment sum from your bank account.
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I applied to this company 10 days ago for a small amount of £150 just to tide me over until payday - after asking me to fax back the agreement and a 10 minute pphone conversation , I was told I had been declined ( after I had given them my debit card details ). Today had a shock to find they have taken four separate transactions on my debit card totalling £485 - which has left me in a complete mess . I am speaking to the fraud department at my bank in the hope of getting this paid back - but not holding out much hope !! I have put one star on the ratings only because you can't give none..... DO NOT GET DRAWN IN BY THEM - AND DO NOT GIVE THEM CARD DETAILS !!!!!
round and round you'll go with these lot. stay away. dont answer the phone, when they do youll likely be hung up on mid chat. they dont record calls, so make sure you do if you contact them with problems........still waiting for notice of terminated contract. i was accepted then declined??? now that they have my bank details. i will see on payday...!=*#ers
Stay away from this company, I applied to THL for a pay day loan and provided all requested personal details including bank sort code, account number, debit card number and security code. The outcome was that not only was the application refused but my bank details were made available to another company I had an ongoing dispute with which was fancy a fay day, also they are linked with fast access money. STAY AWAY
This company has taken my entire months salary from my account £1000 for a loan of only £255.
They helped me out of a hole I was in with a bill, Very helpful , thank you
THL offered me a pay day loan. It wasn't the cheapest on the market and the £25 quick access payment made it even less value for money. However I did get my hands on the funds and they stuck to their side of the bargain. I would search around for a slightly cheaper option next time though.
I applied to THL for a pay day loan and provided all requested personal details including bank sort code, account number, debit card number and security code. The outcome was that not only was the application refused but my bank details were made available to another company I had an ongoing dispute with. Not Good!!
New and existing customers £150 - 33 days
- You need to provide: recent bank statements
- You don't need to have perfect credit
- You must have a bank account with a debit card
- You must be 21 years of age or older to apply
- You must earn at least £900 a month after tax paid into your account by BACS monthly
- You must be in permanent employment (no temporary) and be paid via BACS
