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1st Stop Group’s loan book passes £250 million mark

1st Stop Group Limited, the specialist consumer lender, is delighted to announce it has passed £250 million of outstanding loans. 1st Stop Group- a portfolio company of Pollen Street Capital, the independent alternative asset investment management company – reaches this milestone having undergone significant growth across its secured lending, car finance and personal loan products. This growth has been driven by a detailed understanding and experience of its markets and through a focus on consumers who are underserved by the larger mainstream competitors. Commenting, Alex Mollart, Founder and Chief Executive of 1st Stop Group, said: “We are excited to have achieved …

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We have realised significant increases in our funding facility

We are pleased to announce that we have increased our credit facilities with our current funding syndicate.  Our main funders, Citibank, have agreed to increase our existing facility by a further £75M to £225M. This increase reaffirms Citibank’s support for 1SG in the near prime specialist finance sector. We have also agreed an increase to the mezzanine, which extends the facility by £5M to £25M.  1SG, a portfolio company of Pollen Street Capital, the independent alternative asset investment management company, now has total debt facilities of £270M. The extended facilities will be used to fund our consumer lending product range …

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1st Stop Personal Loans wins prestigious Financial Reporter Award

1st Stop Group Limited is pleased to have been announced as the proud winners of the Financial Reporter Award for the best Unsecured Lender. The award recognises innovation and excellence within our industry and is welcome recognition from our peers that 1st Stop is leading the way in unsecured lending. …

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1st Stop Group joins London Stock Exchange Group’s ELITE

  ELITE is LSEG’s international business support and capital raising ecosystem for ambitious and high growth companies Over 150 UK companies make up the 1000 strong international ELITE community of companies, in addition to advisers and investors 1st Stop Group are a specialist consumer lender offering a range of loan products. 1st Stop Group today joins London Stock Exchange Group’s international business support and capital raising ecosystem, ELITE.   1st Stop Group offers car finance loans, secured second charge mortgages and unsecured personal loans to UK customers, serving customers who are not able or not wishing to borrow from high …

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Shared ownership does not have to be a barrier to a secured loan

Kerry is a young professional from London who worked hard to get herself on the property ladder and secured herself a two-bedroom maisonette in the heart of London. She acquired the property utilising one of her local Housing Association schemes and purchased 70% equity of her home. Three years later, Kerry had accumulated significant credit card debt following a program of home improvements. She found herself juggling minimum repayments and making little inroad into the debt. She needed a £25,000 debt consolidation loan to combine her monthly outgoings into one comfortable monthly repayment to improve cash flow. She could then …

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1st Stop Group (1SG) announces an increase in its Citibank funding facility to £150m

1SG has announced that one of its funders, Citibank, has agreed to increase its existing facility, doubling the amount available from £75m to £150m. The increase reaffirms Citibank’s support for 1SG and the near prime specialist finance sector and means that alongside its other funders, 1SG now has total debt facilities in excess of £225m. The extended facility will be used to fund 1SG’s consumer lending product range which includes car finance loans, secured second charge mortgages and unsecured personal loans. It will enable 1SG to continue its exciting growth trajectory having seen its loan book pass £150m last month, …

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1st Stop take on the Three Peaks Challenge

In August a team from 1st Stop Car Finance will be tackling Ben Nevis, Scarfell Pike and Snowdon to raise money for MIND – The Mental Health Charity. Mental Health has become a huge topic over the past year as it is recorded that it is one the biggest killers of men under the age of 45. Figures suggest that 1 in 4 of us will experience a mental health issue in the UK within a year with only 25% receiving treatment. If you would like to support the team in this great cause you can donate directly to their …

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1st Stop increases its maximum loan amount for 2nd Charge in Northern Ireland to £35k

Homeowners in Northern Ireland can now take out a second charge secured loan of up to £35k, with specialist loan provider, 1st Stop Home Loans. The other great benefits of a 1st Stop secured loan still remain including no first mortgage consent application required up to £35k and only 1 month’s mortgage history required. 1st Stop Group offer a range of loan products including personal loans, homeowner loans and car finance to those customers who are looking for an alternative to a high street lender. Commenting on the decision to make this change, Head of Sales, Nigel Brookes said: “This …

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1st Stop Group announces its loan book has passed the £150 million mark on its second anniversary since equity investment from Pollen Street Capital.

On the second anniversary of a significant investment by Pollen Street, 1st Stop Group Limited, the specialist consumer lender, is delighted to announce it has passed £150 million of outstanding loans. 1st Stop Group reaches this milestone having undergone significant growth across its secured lending, car finance and personal loan products, lending £100m in the last twelve months. This growth has been driven by its detailed understanding and experience of its markets and through a focus on near prime consumers who are underserved by the larger mainstream competitors. Commenting, Alex Mollart, Founder and Chief Executive of 1st Stop Group, said: “We …

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