FLM Quick Loans

What you need to know:

FLM Quick Loans offer something of a novel service in the payday loans sector – they will consider anyone’s application providing they’ve not been declared bankrupt and also providing that person can provide a suitable guarantor who will be responsible for repaying the loan should the applicant fail to do so. Providing a guarantor is central to FML Quick Loan’s lending policy.

Criteria:

FLM Quick Loans will consider applications from a broad spectrum of people, including people who have CCJ’s and defaults. The central point here is that the applicant must be able provide a guarantor and that guarantor must have a strong credit history with no defaulted payments, no CCJ’s and really, a completely clear credit history with no late repayments.

The applicant themselves must be over the age of eighteen years old, in full time employment and have a valid UK debit card linked to a bank account.

Customer Service and Complaints:

The main stumbling block in many people’s application to FLM is the difficulty surrounding finding a guarantor – providing you can find a guarantor, and providing you have never been declared bankrupt, then FLM will consider your payday loan application.

Overall:

FLM offer the cheapest charges of any lender reviewed on Quick Payday Loans. They can put themselves in such a strong position mainly because of the guarantees that are given to them by the addition of a guarantor. While we recommend FLM as a payday lender, we don’t see as a very accessible service, particularly for people on the lookout for quick credit (the entire process is likely to take more time due to the organisation required to find a suitable guarantor – the applicant may be just as well lending the money from the guarantor in the first place).