Billing Finance Review | www.billingfinance.co.uk
Address: The Causeway, Great Billing, Northampton, NN3 9EX.
Branding: Billing Finance. AKA: BillingFinance.
FCA Licence: 565740.
From: Billing Finance Ltd.
Memberships: CCTA, FLA.
Related: No companies.
Available: Monday to Friday (8.30am/5.30pm).
Bad Credit Considered: Yes.
Manage: No Billing Finance login at www.billingfinance.co.uk.
Niche: Car, LCV, motorbike.
Products: Hire purchase.
Sums: £1000 to £10,000 (new and returning).
Terms: 12 to 60 months.
30% to 35% APR (estimated)
Notes: Applications can be made directly. You can also find their service through select partners. It is unknown just how many partnerships they have running today. In a section titled brokers and dealers they display badges for 12 of the companies used. We are aware of a few of those listed, but the most well known partner of the bunch is Zuto. No sample interest is provided, but sources put the ballpark at between 30% and 35%. On their licence page we noticed that there was a company called Orchard Leasing, although this doesn’t appear to be active online. Customers are offered the chance to make online payments through the site. It wouldn’t be advised to pay this way though since they don’t currently use encryption.
– Experience: This is a small family business with 40 staff members. They do however have experience on their side, having been established in early 1983 that marks more than 30 years in service. Their website was registered back in 2003 and so they adapted to the web in good time. Whilst they are smaller than most, they are progressing well with 9000+ customers and lend around £1.8 million monthly.
– Multi-memberships: CCTA and FLA trade association memberships have each been taken on by this firm. This is a clear sign that you will be dealing with a responsible lender that is following strict codes of conduct. Scoring well on experience and trust are key features, especially in the market of subprime lending.
– Pricing: As was covered in the notes, the APR is not confirmed, but we’d place them a little above Advantage who charge the lowest subprime rate at 29.26%.
– Estimated APR range now added.