THL Direct Loans

THL Direct are a high-cost short-term lender based in Dorset. They offer payday loans to be repaid over 3 months, however, these can be repaid early without any fees and you’ll only pay interest for the length of time that you borrow the money.

Similarly priced to the majority of high-cost short-term lenders, THL Direct charge interest at the daily rate of 0.8% (in line with the FCA price cap). THL Direct do not charge any fees so no upfront fees, no default fees or late repayment fees. However, if you are late with your repayments it will have a negative impact on your credit file.

If you're considering taking out a THL Direct loan, the usual high-cost short-term loan health warning applies: make sure you keep up with your repayments. Although THL Direct do not charge for missed or late payments, they will show up on your credit file and make your financial life more difficult in the future. If you find yourself struggling to make your repayments make sure you notify THL Direct. They hold a strong reputation for being approachable and will try to help you limit the damage as much as possible.

Overall verdict: With numerous positive reviews, a simple to use website and a standard APR in the marketplace, THL Direct are definitely an option worth considering if a short-term loan is the route you want to go down. But remember, like any other high-cost short-term loan, be sure you can your repayments before you apply and compare your options first.