Over One in Ten Drivers Have Had Their Car Clamped

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Lending Stream research reveals the UK are getting caught out by parking restrictions

Research from short term loans company, Lending Stream, has revealed that over one in ten drivers (13%) have had their car clamped, paying on average of £109 to get their vehicle released. Almost a third of those (31%) have been forced to pay up to £300 to get the clamp removed.

In addition, almost one in five drivers (19%) has had their vehicle towed, bearing the brunt of an average £94 to retrieve it.

With many of the nation’s motorists continuing to be caught out by clamping and towing, Lending Stream advises that for those that have received a parking charge, short term cash loans- a substitute to payday loans- can be a good way to cover the additional short term expense.

Unlike payday loans, cash loans from Lending Stream can be paid back anytime over a period of six months.

Getting cash loans from Lending Stream can, like payday loans, also be a very quick process. For example, short term cash loans can be availed online so as to get money safely transferred into a bank account on the same day. Lending Stream’s average short term cash loan amount is £200. However, cash loans can be offered at amounts between £80 and £720.

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