Midland Credit Review | www.midlandcredit.co.uk

Midland Credit

About…
Address: Millhouse Business Centre, Station Road, Castle Donington, DE74 2NJ.
Branding: Midland Credit. Also known as: MidlandCredit.
FCA Licence: 654302.
From: Midland Credit Ltd.
Launched: 2011.
Memberships: Non.
Related: No companies.
Website: www.midlandcredit.co.uk.

Loan Details…
Available: Monday to Friday (9am/6pm), Saturday to Sunday (10am/4pm).
Bad credit considered: Yes.
Manage: No Midland Credit login at www.midlandcredit.co.uk.
Niche: Car.
Pricing: 5.99% to 36.99% APR.
Products: Not disclosed.
Sums: £3000 to £50,000 (new and returning).
Terms: 24 to 60 months.
Notes: You are able to buy your car from any reputable dealer. If you haven’t had any luck in finding one then you can freely use their contacts. They are also happy to contact the dealer on your behalf and deal with the ins and outs of the contract.

Noteworthy…
– Amounts: Financing can potentially reach the level of £50,000. Such a sum would likely be accessible to those with positive profile scores only.
– Eligibility: All promotional material is targeted towards subprime finance. CCJs, IVAs etc are headlined, as well as the acceptance of self-employment. They claim that they are currently accepting 2 out of every 3 applications. Whilst most circumstances are promoted, their partnered lenders are not shared that makes it tricky to diagnose whether such headlines are merely used to drive up conversions.
– Panel: No information surrounds which lenders they feed their applications to. We’d assume that they use several subprime specialised firms. Many of which would likely have been profiled here on the site.
– Operations: Applications are now processed 7 days a week. This coverage is welcoming to see since they previously closed down their support team at weekends. Online reviews that were studied paid high praise to the quality of the support and the fast turnaround speeds.

Updates…
– Minimum applicant age was 21 that has now been changed to 18.
– Opening days were previously restricted between Monday and Friday (9am to 5.30pm). The times have now been extended to 6pm during these days and they have importantly extended to Saturdays and Sundays (both at 10am to 4pm).
– Website design has received a fresh revamp. All applications as before are encrypted.

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