Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Track Loans Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 97% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Track Loans

    Company Number: 

    03832332

    Company Name:

    Track Loans is a trading style of STREET (UK) C.I.C.

    Date firm started up business:

    26 August 1999

    Type of Business: 
    64999 – Financial intermediation not elsewhere classified

    Track Loans offers the following:

    £100 to £500 

     

    Loan term length:

    6 months

    Previous Business Names:

    STREET (UK) LIMITED

    26 Aug 1999 – 07 Oct 2015

     

     

    Head Office Address:50 Cliveland Street, Birmingham, West Midlands B19 3SH United Kingdom.

    FCA Status: Authorised

    STREET (UK) C.I.C. is authorised and regulated by the Financial Conduct Authority (FCA)

    Payout Time:

    If your application form is completed before 14:30 then you will receive your money the very same day!

    Track Loans Review

    Track Loans have a more flexible and affordable approach to traditional payday loans. You can borrow money between £100 and £500 with 6 months to pay it back.

    Their repayment system works around you so you can choose to repay monthly, weekly, fortnightly or however your income falls so it will make repaying your loan much easier.

    STREET (UK) C.I.C. aims to help people who can’t always access credit as easily, their aim is not to make a profit on their loans and so offer a lower more affordable interest rates than companies like Provident and Sunny.

    How the company works:

    Applying for a loan with Track Loans is fast and easy. It only takes a few minutes to apply online answering the short questions about both your personal details and financial information.

    Once you have done this you can expect to receive a decision about your application instantly. Normally all of your identity can be confirmed online but in some cases, you may need to provide Track Loans with additional paperwork to support your application.

    If this is the case then they will inform you for this and it can be submitted securely online using their secure portal.

    If you are accepted for a loan with Track Loans and your application was completed before 14:30 then you can expect to receive the money directly into your bank account before 17:00 the very same day. Any applications that are accepted after this will be paid before 11:30 the following day.

    Sunday’s and bank holiday’s may delay payments to the following working day.

     

     

    Repayment method:

    Repayment’s are done using CPA (Continous Payment Authority). This is similar to direct debit where the payment is taken directly from your bank account using the card details you entered on your application form.

    You can also choose to repay online or via card payment but these two are not automated meaning that you must remember to make the repayments yourself before the agreed date.

    Do I need a bank account?

    All applicants will require a bank account as Track Loans is an online loan company. Your bank account will be used to confirm your identity, fund your loan and to also take your monthly repayments.

    The bank account must be solely in the applicant’s name and must also be a current account with an active debit card.

     

    If you do not have a bank account then you can either open a free one online or look into borrowing with a doorstep loan company such as Provident Loans or Morses Club.

    These companies offer cash payments and do not require bank accounts.

     

    To be eligible to apply for a loan you must fit the following criteria:

     

    Age

    Applicants will need to be a minimum of 18 years of age to be able to apply for a loan with Track Loans.

     

    Address information

    All applicants will need to be resident in the United Kingdom and have a UK address. Track Loans will also require your address information over the past 3 years so they can run the relevant credit checks on your file.

     

    ID and Income

    Identity is normally confirmed online using the bank information you provide and your address history. If for some reason this can not be confirmed then you may be asked to submit additional information to prove this but this rarely happens.

    Track Loans doesn’t state whether they require an applicant to be in employment or whether people solely on benefits can also apply.

    To check whether you can afford the repayments or not you will be asked to complete and expenditure form.

    The expenditure form details all monthly income and outgoings. When filling out the form make sure you include any recurrent bills you may pay such as rent/mortgage payments, utility bills, grocery bills, car payments, child care payments, any existing credit card or loans you may already have and anything else you payout monthly.

    Although this may seem a little invasive it gives Track Loans a good idea of where you stand financially and allows them to see if you will be able to afford the loan repayments.

    As a responsible lender, they wouldn’t want to add any extra financial stress onto anybody by offering them a loan.

    Penalties

    If you miss loan repayments then you will incur extra fees along with additional daily interest.

    If you continue to miss payments then your account will default and it will be referred to a collection agency who will attempt to recover the money in other ways.

    This will also add a bad mark to your credit file which may prevent you from applying for any more credit in the future.

    If you think you are entering a period of financial difficulty and won’t be able to make your monthly repayments then it is best to speak to Track Loans as soon as you can to discuss this with them.

    They may have a solution and may be able to offer an alternative payment plan while you get your finances back on track.

    Ignoring the situation could make things worse and you may incur extra costs putting you in a worse situation.

     

    Reviews

    Unfortunately, we were unable to locate any reviews on Track Loans or even their parent company Street UK.