Lending Stream and Opos grow their relationship through Covid-19

The Coronavirus has brought on significant implications on employment, including permanent employment termination, reductions in hours and pay and temporary furlough.

At the beginning of 2020, Lending Stream was approached by Opos with a new strategy to help support Lending Stream’s Collections process. The focus was, as it always is, to continue to put customers first and make sure they could get the greatest support, with best practices in place. This has come in particularly useful during these uncertain and difficult times, when customers need this the most.

Both Opos and Lending Stream were both originally founded as tech-based businesses, which means their backgrounds align extremely well in terms of business processes. Opos’ inhouse tech has helped both Lending Stream and their customers.

Opos have been one of Lending Stream’s key partners during the Covid-19 pandemic and continue to support them greatly.

Alex Woodcraft, Head of Collections at Lending Stream says: “The team at Opos have been great partners to GAIN Credit and Lending Stream. Their resilience and support throughout COVID has been invaluable. Going forward we’re really excited to grow our partnership and I look forward to what Scott and the team have for us next.”

This is a guest post by Lending Stream, who offer 6 month short-term loans as an alternative to payday loans.

Lending Stream, Wisteria Grange Barn, Pikes End, Pinner, London, United Kingdom, HA5 2EX

Lending Stream offers short-term loans between £50 - £800 that are paid back in monthly instalments over six months. Lending Stream accepts applications 24 hours a day, 7 days a week, even on bank holidays. We encourage our customers to repay early to save on interest and provide online account management features for making payments and checking account balances. Lending Stream has been providing short-term loans since 2008. We run an affordability analysis on all applications to help assess whether you are able to repay the loan in a sustainable manner. Representative Example:Annual Interest Rate: 292.0%. Total Amount of credit: £200. Representative APR: 1333% Duration of Agreement: 6 months. Total Amount Payable: £386.61. Total Charge of credit: £186.61 . Six repayments of: £64.44

This release was published on openPR.