Loan Options @

Loan Options (LoanOptions) headlines a range of bad credit loan products that most commonly cater extended terms such as large unsecured personal loans. This broker is based in Bridgend and states that they are partnered by over 20 direct lenders. They can be reached at that was setup recently in late 2010. There is a Loan Options fee of £64.76 that appears to have caused a few discussions on popular consumer forums. This fee is made up of £34.76 for registration and then £1 for each day since their service of finding funds stretches over 30 days. You can get a refund for this, although you will have to send a cancellation letter to them (the refund calculation will be based on the time that you use them).

The site is SSL secure and you will be provided with an account login feature. Figures from £100 to £100,000 are headlined with the larger sums usually being relevant to the logbook side. No charge breakdowns are provided, although you will spot a 53.4% APR figure at the bottom of the page. The Loan Options contact number is 0845 643 5496 with there being a form attached for any email correspondence. It is strange to see a broker fee in place since they state that they already have connections with lenders. There is a note that they handle over 3000 applications every day and so they if this is the case then they are doing very well and they have as noted not been active for that long.

Loan Options