Which Loan Lenders are lending now?

[BB_Debt_Management]

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I'm not interested in dealing with loan brokers, but which loan lenders in the market place are lending? Also what is their criteria? (roughly)

cheers.

[gerard]

I'm not interested in dealing with loan brokers, but which loan lenders in the market place are lending? Also what is their criteria? (roughly)

cheers.

To be honest you have no chance of dealing direct with the lenders. If you dont know the answers to your own question then doubly so.

[Rich79]

One merchant who I can tell you are definitely lending and very hungry for more business is Logbook Loans.

In case you are not aware they provide no credit check, any purpose cash loans secured against the value of a vehicle. Depending on the value of the vehicle you can lend up to £50k and the customer continues to drive the vehicle for the duration of the loan until fully settled.

Clearly this is a sub-prime product, aimed at people who can not get credit from more traditional lenders. It competes well with payday loans as the cash be made available within 24 hours, however you can borrow a lot more and the APR is more attractive (e.g. Logbook Loans typical APR 437.4% / Payday Loans typical APR 1700% plus).

Commissions are £10 per valid lead, which is a genuine customer owning a vehicle that is less than 10 years old and free of finance.

We are the agency managing their affiliate programme and if you would be interested to join the closed network please don't hesitate to either PM or email me.

Thanks,
Rich

[mobile1]

BB Debt Management,
At Mobile Money Ltd we are lending direct to consumers. We offer same day log book loans with no credit checks and payout in cash.
We are currently offering £10 per lead on Affiliate Future network and would warmly welcome you on board.
If you would like to know more please call Mobile Money head office on 01527 68349,PM me or check out our website.
Regards
Mike Preston

[DB-PROJECTS]

Unsecured Loans

Blackhorse Finance
Everyday Loans
Real Personal Finance
Halifax Unsecured Loans
Provident Loans / Greenwoods
FLM Loans

Secured Loans

GE Money (Limited Lending)
Blemain Finance
Prestige Finance
Blackhorse Finance
Link Lending


Payday Loans Companies

Payday Loans UK
Wonga

+ Many others

[DataRambler]

Do you need to be FSA regukated to introduce leads to these companies?

Unsecured Loans

Blackhorse Finance
Everyday Loans
Real Personal Finance
Halifax Unsecured Loans
Provident Loans / Greenwoods
FLM Loans

Secured Loans

GE Money (Limited Lending)
Blemain Finance
Prestige Finance
Blackhorse Finance
Link Lending


Payday Loans Companies

Payday Loans UK
Wonga

+ Many others

[DB-PROJECTS]

No you dont need to be regulated by the FSA. FSA authorisation is mainly used for the sale of insurance products, You DO need to be regulated if you want to sell most insurance products.

It is very unlikley that any of these companies will let you introdcuce business direcly to them, they may make yu use one of there master brokers, most lenders nowadays require a gtd number of applications before they will even consider opening up and agency for you.

Depending on how you want to introduce business to these lenders you will need a Consumer Credit Licence issued by the Office Of Fair Trading.

This is just basic stuff if dealing with consumer finance. I would highly recommend that you hire and/or consult with a compliance Officer to help you stay the right side of the law.

Download CCL guidelines from OFT website and read over more than once to gain an understanding.

:tup

[quickaccidentuk]

hi rich

very intrested in running log book loan capain -

i have 1.2 million text users - opted in
and 4.9 million e-mail addresses.

but i heard there car loans companies giving £20 and dpending on the value of the loan a percentage.

come on mate they charge the client 300percent upward on bad credit.

let me know
dalvinder singh
quickaccidentuk@hotmail.co.uk

[quickaccidentuk]

hi
Mike Preston

any better commissions or are you static.

dalvinder singh
quick accident claims solicitors
e-mail - quickaccidentuk@hotmail.co.uk

[Rich79]

hi rich

very intrested in running log book loan capain -

i have 1.2 million text users - opted in
and 4.9 million e-mail addresses.

but i heard there car loans companies giving £20 and dpending on the value of the loan a percentage.

come on mate they charge the client 300percent upward on bad credit.

let me know
dalvinder singh
quickaccidentuk@hotmail.co.uk

Hi Dalvinder,

Apologies for late reply, I have just returned from annual leave.

I will send you an email with some more information on Logbook Loans.

Thanks,
Rich