APR: 1269.72% Representative
Loan amount: £100 - £700
Repayment duration: 5 - 30 Days
OPTIOSCORE 55.7/100 
Time to apply: 00m 43s
Creditstar UK customer reviews

1 out of 5 from 1 customer reviews

This profile has been claimed

Provider last seen: 11:07am 14/3/2017
Product data last updated: 4:05pm 26/4/2017
Customer questions answered: 0
Be the first to ask a Question
Representative Example: If you borrow £100 over 30 months at a Representative rate of 1,269.7% APR and an annual interest rate of 292.00% (fixed), you would pay 30 monthly instalments of £124.00. The total charge for credit will be £24.00 and the total amount payable will be £124.00.

Creditstar UK customer reviews

1 out of 5 from 1 reviews

Absolute Waste Very Strict Legislation Detail

06:27 29-11-2016

via Choose Wisely

Bad Very Horrible Experience Indeed Please Readers/Lenders Do-Not Go Here Bypass Immediately. This Company Absolutely Love Finding Something too Enable Credit* To Cause you extra monies always altering Terms/Conditions Legislation Print Do-Not Be fooled As I Was They caused overdraft banking fee's that simply should not have been applied onto my business account, then on checking personal account balance which i.e was my kiddies Christmas present monies but Credit Star Had Debited This Account As Well As Business I Was Given False Hope & Relentless Apologies But Nothing In The Feel/Shape Of Such A Thing Called Refunding. Very Testing Amateur Company Whom Know Exactly What/Why/If/Where/How To Fiddle Innocent Members Of Public Society Like ME.!!!!!!!! Hell Yeah I actually borrowed £400.00 And I Paid £800.00 Back In Total Debited From Both American AMEX ACCOUNTS. Also £44.00 In Late Fee's Apparently So Hey I Feel Victimised Violated Robbed, Folks Do Think Twice They Will Screw You Ontop Of Christmas Too. THINK THINK PLEASE.????????????? PROF Zeno Peter John Farrah Knowles.

Prof Z Knowles

Our review of Creditstar UK

Our review by Alex
Written by: Alex
Simplicity
71.3
Features
49
Consumer sentiment
46.3

Total OPTIOSCORE
55.7/100

Creditstar started out operating in Europe, primarily in Estonia, Finland, Lithuania, Poland and Sweden and are yet to become as big in the UK as the rest of group have become in Europe. They are very transparent in regards to what they offer and their application form and website on the whole is simple and easy to navigate. Creditstar also offer online account management, allowing customers to easily manage their loan and any future loan applications online. For returning customers that have been deemed responsible, Creditstar will lend up £700 instead of the maximum £300 for first timers.

Another key selling point of Creditstar is that they’re open for business and process loans 7 days a week, with opening hours stretching from 9am to 8pm. This is rare amongst their competitors, with most other companies closing a lot earlier than 8pm on a Sunday. Although not advisable, Creditstar will allow you to apply for an extension on the payment a maximum of two times per loan agreement. This can be up to as much as your original loan term, however you will still be charged the interest so this means that costs will add up dramatically if you take this route.

They seem to have very little presence across the web and it’s proved pretty tricky to find any kind of customer feedback. Their OPTIOSCORE places them mid-table on Choose Wisely but this has been boosted by their features and the consumer sentiment score is low at 28.8.

As with any high-cost short-term product the usual warning applies. If you have any doubt whether you can afford to repay your loan on time and in full, then don’t apply. By missing or being late with repayments, you will not only harm your credit file but be subject to a number of fees, which can soon make things very expensive.

Overall verdict: They have a number of years’ experience operating throughout Europe but with minimal feedback and web presence in the UK it’s hard to gain any feel for how they operate. They are one of the more expensive lenders in this market so it could be worth shopping around and looking at those that are more well-known and have lower rates of interest.

Highlights

  • Loan term extensions available
  • Returning customers can borrow up to £700
  • Payouts not affected by weekends or bank holidays
  • They use the Faster Payment Service to transfer the loan

Minimum criteria

  • You must be aged at least 18
  • You need to be a UK resident
  • You must be employed with a regular income
  • You must have a UK bank account and debit card
  • You must have a mobile phone number
  • You must have an active email address
  • You must have good credit history
  • No bankruptcy or visits from debt collectors in the last 18 months

Fees

  • Maximum APR 1651.6%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

Creditstar UK Customer Question & Answers

Have a question for Creditstar UK ?
Be the first to ask a Question

About Creditstar UK

Creditstar offer high-cost short-term loans over periods ranging from 5 to 30 days at a representative APR of 1269.72%. First time borrowers can apply for up to £300 and returning customers with a proven record for repaying can apply for up to £700.

In order to apply for a Creditstar loan you must to be a UK resident, be at least 18 years old and have a UK bank account with direct debit facilities. You’re also required to have both a mobile phone and active email address. As with most lenders you’ll need to provide proof that you can meet the repayments on the agreed date, and will therefore be asked for income details, bank details and personal details so ensure you have these during the application process. Creditstar does not consider applications from those with a bad credit history, who’ve been bankrupt or been visited by debt collectors over the last 18 months.

One your application has been approved you should receive the funds within 30 minutes. This is as long as your application falls within Credistar’s opening hours of Monday to Sunday, 9am to 8pm. It’s also worth noting that weekends and bank holidays do not influence repayment dates loans with Creditstar.

You won’t be penalised for paying your Creditstar loan off early, and you just need to contact them so they can determine your outstanding amount. However, if you’re late repaying your loan, a default charge of £15 will be added to the balance on the third day after your due date. The interest will accrue at 0.8% per day until you pay it off on both the initial amount you borrowed and the default fee. Interest will be capped when it reaches the same as the original amount borrowed.

Claim this profile

This profile has been claimed

Provider last seen: 11:07am 14/3/2017
Product data last updated: 4:05pm 26/4/2017