As a responsible lender, we do everything we can to avoid putting you in that situation, by carefully assessing your ability to repay a Lending Stream loan when you apply. However, we understand that your financial situation can unexpectedly change for the worse, making it difficult for you to repay your loan. In that case, we'll work with you to arrange an affordable repayment plan.
If you are considering whether a Lending Stream loan is right for you, you can read more about How It Works.
If you have a loan with us and need to talk to us about an affordable repayment plan, contact us. You can also choose to contact free debt advice providers.
At Lending Stream, we don’t want our customers getting into financial difficulties when trying to make their short term repayments for a loan, so we always recommend that you contact us as soon as you know that there might be a problem with making your next repayment. We can work with you to help you repay your loan with an affordable payment plan.
You might have heard horror stories about those who have experienced payday loan repayment difficulties and found themselves being charged costly fees, on top of the continued interest on the money they originally borrowed. Those with payday loan payment problems could soon see costs escalate quickly.
At Lending Stream, we take a different approach. You can view a breakdown of any fees that might be due if you miss a repayment, but our aim is always to work with you to help you repay affordably and on time, whenever possible.
For independent help with debt, go to moneyadviceservice.org.uk