THL Direct Review |

THL Direct

Last Update: November 6th, 2016

Address: 8 Trinity, 161 Old Christchurch Road, Bournemouth, BH1 1JU.
Branding: THL Direct. AKA: THLDirect.
FCA Licence: 673015.
From: Total Home Loans Direct Ltd.
Launched: 2008.
Memberships: Non.
Related: Response Funding.

Product Details…
Bad Credit THL Direct Loans Available?: Yes.
Manage: No THL Direct login at
Offers: Instalment loans.
Opening Hours: Monday to Friday (9am/6pm).
Secure (SSL): No.
Sums: £200 (new) | £500 max (returning).
Terms: 3 months.

The Pricing…
£48 /£200 (30) (early settlement) <0.800%>
£169.62 /£300 (83) <0.681%>

Notes: The sampled £300 could only be obtained by a returning user. We couldn’t get a full 3 month price. Their example is shown for 83 days that we have added above. Response Funding in comparison shows an 82 day example that calculates a little less at 0.679%.

Additional Info…
THL launched the year before Fancy a Payday (now rebranded as Response Funding). They may have hit the market first, but they are the least attractive option of the pair. There are few differences between them, but the significant ones are that the starting sum here is £200 (rather than £150) and no SSL is used on the site (it is on the other). Outside of this, what you are receiving is a pretty basic 3 month loan. This can be settled after just a month, but you’ll need to arrange this by phone (no login provided). A minor upgrade has seen as much as £500 offered to return users, but newcomers are stuck with £200.

– For 2016 they changed £100 to £200 (all) into £200 (new) plus £500 max (return). It is not clear if there is still a requirement on workplace calls. It looks like they have removed the age request of 21+.
– The original sum range was £100 to £250, but they later cut down to offer just a single selection of £150. This was updated to £100/£200.
– Pricing was matched to the other company. You could only select £150 back then, but we will reference how much their costs worked out for the sum of £100. Interest was priced at £30 and a £25 charge was set on a forced quick transfer. An extra £7.50 (interest) was also imposed on the transfer fee that equated to an overall charge of £62.50. Shortly before 2015 they also charged £3.99 on new applications. Due to the high cost this was one such lender that we thought wouldn’t stick around when they had to meet the FCA ruling. They have however remained active.
– Product has been reshuffled. The monthly term has been replaced by 3 months.
– Web design has seen an improvement, but there are still no logins and they also don’t use SSL.