Care Finance and Loans Review | www.carefinanceandloans.co.uk
Address: 17 Beechwood Court, Cranborne Road, Bournemouth, BH2 5BR.
Branding: Care Finance and Loans. Also known as: CareFinanceLoans.
FCA Licence: 618577.
From: Care Retirement Options Ltd.
Related: No companies.
Available: Monday to Friday. Times not disclosed.
Bad credit considered: Yes.
Manage: No Care Finance and Loans login at www.carefinanceandloans.co.uk.
Offers: Instalment loans.
Sums: £100 to £150 (new) £500 max (returning).
Terms: 3 months.
Notes: On the application form you can access between £100 and £150 that rises in £10 increments. Other than this, there is no note regarding available cash sums. We did spot a review online whereby it was stated that £500 was possible for returning customers. If this is the case then only existing customers would be able to borrow the sampled £300 loan above. For those applying for the first time, a team member must contact you to verify your personal details and an employment check must also be made. Funds are released assuming that the agreement is completed by 5pm. Since no contact times are listed, it would be assumed that underwriting takes place between 9am and 5pm during the working week. Also of note is that there is a minimum monthly wage of £1200 or £280 if you are paid weekly. No SSL is used on applications.
There are no current features of note. Competitive pricing is very important in the instalment sector. The £171 charge here is a little above what the average 3 month lender would ask for. There are even 2 firms that charge less than £100. Outside of low pricing, you are really looking for added flexibility, sizeable loan sums, weekend payouts etc. You expect to at least see encryption being used on forms. This company was introduced after they were spotted on a review website. We did initially wonder if they were brand new, but they have been around since back in 2010.