Guarantor loan provider receives FCA authorisation
1Plus1 Loans has become the third guarantor loan provider to be fully authorised by the FCA.
"Moving forward we are already exploring new markets and we will be adding to our product range as we aim to increase our market share."
The Accrington based instalment lender has been trading since 2013 and offers instalment loans between £500- £5000 to clients using a guarantor to support their application.
Director Gary McKenna said: “We will be running an extensive marketing campaign in the coming months as well as increasing the intermediary side of our business.
“Over the past 18 months we have invested heavily in our processing systems and although we are technology led, we try to take a common sense approach with enquiries that others turn away because they don’t fit within a pre-determined profile.
“Moving forward we are already exploring new markets and we will be adding to our product range as we aim to increase our market share.”
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