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FLM, Bringing Back the Golden Age of Lending . . .

The number of lenders offering personal loans has fallen sharply in the past two years. There has been a 37% drop in the number of providers offering unsecured loans since July 2007, according to research from financial information group Moneyfacts.co.uk

Britannia Building Society, Direct Line, Intelligent Finance, Liverpool Victoria, Lombard Direct, MBNA Europe Bank, MINT, Northern Rock and Virgin Money are among those to withdraw from the market.

And those lenders that have continued to offer the product have increased the cost to borrowers, with the average rate on a £5,000 loan rising by 3.7% during the period, according to the figures.

People with CCJ’s, defaults or other credit history problems will find it extremely difficult to borrow money without paying exorbitant APRs in excusive of 200%!! Some people in these situation turn to doorstep lenders, borrowing £500 at a ridiculous APR of 254.5%, therefore paying back almost double the amount back in the first year!

However there is an alternative, FLM Loans. FLM Loans are the future of unsecured lending. FLM Loans specialise in unsecured personal loans for people who have been refused credit by Major banks. They aim is to provide a responsible lending service to as many people as possible and can accept applications from tenants, both private and council, self-employed, retired or people on benefits and even people with CCJs, Defaults or other credit history problems.

Lets go back in time; Picture the golden days of lending. When you and your granddad could walk into your local bank and your granddad could support your application and let the bank know that you were a trust worthy person and a good investment. Allowing you to use the money to buy your first car, start a business adventure or any other dreams you had!

FLM lend money in this way because they believe that a customer’s friends and family know them better than a credit scoring system ever could. Therefore family and friends are the best people to decide if FLM should lend you money.

FLM Loans are aiming to become the number one option for anybody looking for an alternative unsecured loan. Their repayment structure is both transparent and flexible with no charges or penalties for early repayment. We also do not insist on inflated Payment Protection Insurance charges. We do recommend Income Protection Insurance from Payment Guard but it isn’t a requirement, visit their web site or call 0800 408 2248 for more information.

FLM staff pride themselves as treating every customer as a friend. They deliver an efficient, personal and professional service and are available to answer any questions you may have.
Call FLM today on 08000 911799, to see how they can help you, or friends and family make your dreams become a reality.

Tags: Back, Bringing, Golden, Lending