Peachy is a short term money lender which has been around for a long period of time. They have reputation unlike any other in this sector. They are registered in the England and Wales, and are regulated by the Financial Conduct Authority.
As far as legitimacy is considered, they are the best you will ever find. If you are having a tough time trying to figure out whether or not you should choose this service, then continue reading our comprehensive review. We have unraveled every aspect of this company. So, that you get a clear perspective of the way they work.
Official Website – http://peachy.co.uk
Peachy Loans Review
This service provides loan ranging from £100 to £1000 to the eligible candidates. The loan duration is from 1 month to 12 months and the APR is 947%. For many people who does not have any experience with payday loans, these numbers might seem huge.
However, it is not too big when compared to other services out there. Remember, short term loans should be your last resort and not the first choice as majority of them charge heavy interest amounts.
There is a loan calculator tool on their website. The users just have to input the amount of loan they require and the software will show further steps. Basically, the information about the number of installments, interest percentage and final amount payable will be displayed. Below is a rundown of the eligibility criteria for all the applicants.
- Monthly income of at least £600
- No CCJ in last 6 years
- The candidate should hold a UK bank or building society account with a valid debit card
- The candidate should be more than 18 years old and should be a resident of the UK
- All the applicants must have a mobile phone and an email address
Once the application is processed, the money will be deposited within an hour to your bank account.
Just like all the business solutions, this one has its flaws. If you come across anything which seems to be inappropriate or unjust, then you can make your voice heard through various means. First, try to contact the customer support of this firm. Below we have gathered the contact details.
Email – [email protected]
Phone – 08000 124743
Address – Cash On Go Ltd, 76 King Street, M2 4NH Manchester
After getting a final response from the firm, if you are still unhappy. You can complaint to the Financial Ombudsman service to get your disputes settled. Here are the contact details of this service.
Address – Exchange Tower, London, E14 9SR
Telephone – 08000 23 4567
Complaints – [email protected]
Website – www.financial-ombudsman.org.uk
This firm has a huge reputation in this industry. They offer flexible loan terms with customized repayment schedules. Their support team is very responsive and handles every query with utmost care.
There are no early repayment fees and arrangement fees charged by them. However, they do charge £15 for late payments. If you need cash quickly, then there isn’t any reason as to why you should not indulge with this firm. Moreover, their website interface will keep you updated on the exact details about the loans.
Lastly, they do publish articles about financial related matters which is a great educational outlet. As long as you do not miss a payment, Peachy will be a delight but remember late repayment will definitely leave a mark on your credit score.
Do you have any experience with Peachy.co.uk? Share your experience by leaving us a comment below.