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Flexibility Is Key for Lending Stream Customer

Market Wire, September, 2009

Fitness instructor Toni Gibbon, 23, decided flexibility was the key when she was looking for an online loan recently. She chose a loan from payday lender Lending Stream, because they offered more flexible terms than any other lender.

In her job, Toni knows the importance of flexibility. She says: “I always tell my clients they have to stretch properly to remain flexible. Since I finished my training and started working, I found my bank balance was quite stretched, but sadly not very flexible!”

With some debts outstanding and new bills coming in, Toni decided it was time to take control of her finances. She had heard about payday loans from a friend, but she had some concerns. Above all, she was worried that she would have to sign up to a repayment plan that might not suit her.

She continues: “I used the internet to research online loans. Several lenders make you repay the full amount on your next payday, but Lending Stream were much more flexible and gave me longer to pay back the loan. This meant I could borrow enough money to pay off my debt and buy some new gear for work that I really needed.”

Figures from Lending Stream show that this is one reason their service is very popular. 94% of Lending Stream customers opt to use their flexible repayment terms, so they do not have to pay back the entire loan on their immediate next payday, as they would with other payday lenders.

Another reason Toni chose Lending Stream was because they had no early repayment charges. “Unlike some other online loans I looked at, there were no penalties for paying back the loan early
online payday loan