What is a short-term, small-dollar loan?
A short-term, small-dollar loan is an unsecured, short-term cash loan typically backed by a future source of income, often times a paycheck or anticipated benefit. These loans should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems.
What can a short-term, small-dollar loan be used for?
A short-term, small-dollar loan should only be used when truly needed, such as in emergency financial situations. They are not a solution to long-term debt problems. Be sure you understand the risks of short-term cash loans, and please borrow responsibly. If you are facing long-term financial difficulty, please consider credit counseling, education, or other debt-management assistance, such as nonprofit financial counseling services in your community.
How do Wowpaydayloans.co.uk’s loan matching services work?
Wowpaydayloans.co.uk is not a lender and does not make credit decisions. It simply connects interested consumers with independent, licensed third party lenders based on the information provided. Begin by completing our simple form. Once submitted, Wowpaydayloans.co.uk will try to connect you with an interested third party lender. Every third party lender has their own terms and conditions for short-term, small-dollar loans (i.e., fees, repayment terms, renewal policies, APRs, etc.), and each makes approval decisions separately. If matched with a third party lender, be sure to fully understand the lender’s terms and conditions before agreeing to them. If you do not understand or agree to the lender’s terms and conditions, you may refuse the loan offer. If you have any questions or concerns about your short-term, small-dollar loan, you should contact your lender directly.
How do I qualify for a short-term, small-dollar loan?
Wowpaydayloans.co.uk is not a lender—it does not make short term cash loans or credit decisions. Wowpaydayloans.co.uk simply connects interested consumers with independent, licensed third party lenders. Independent lenders have their own minimum requirements which must be met to be approved for a short-term, small-dollar loan, and one independent lender’s minimum requirements may differ from another’s. Such minimum requirements typically include, but may not be limited to: 18 years of age or older A resident of the United Kingdom Valid checking or savings account Regular income of at least £500.00 per month
Does Wowpaydayloans.co.uk charge a fee to connect consumers with independent third party lenders?
Registering to be connected with third party lenders at Wowpaydayloans.co.uk is free! Since Wowpaydayloans.co.uk is not a lender, there are no fees or interest directly associated with registration. Wowpaydayloans.co.uk is a loan matching service that facilitates your request for access to participating third party lenders who may be able to meet your needs. If you are approved by a lender, the rates and fees associated with your loan will vary from lender to lender.
What amount can be borrowed with a short-term, small-dollar loan?
Typically, the amount that can be borrowed with a short-term, small-dollar loan ranges between £100 and £1,000. Please note, however, not all lenders offer up to £1,000, and the amount offered by an interested lender may differ from the amount sought. How much you qualify for depends on numerous factors including your lender, income, and employment. If approved for a short-term, small-dollar loan by an independent third party lender, how quickly could it be available? Cash transfer times may vary depending on the lender and your individual financial institution. An independent third party lender may transfer an approved short-term, small-dollar loan to your bank account in as early as several hours.
What information is needed to use the services offered by Wowpaydayloans.co.uk?
You must provide certain personal, employment, and banking information to be matched with prospective independent third party lenders. Such information includes, without limitation, name, address, telephone number, email address, bank account information, and employment information. The information you provide must be accurate. Once submitted, independent lenders may perform a credit check or otherwise verify your information.
Is the information I provide secure?
Will independent third party lenders perform a credit check?
Independent lenders may perform a credit check or otherwise verify your information. Each independent lender makes approval decisions separately. Wowpaydayloans.co.uk does not play a role in the credit decision process.
When must I repay my short-term, small-dollar loan?
Wowpaydayloans.co.uk is not a lender. Each independent third party lender has their own terms and conditions for short-term, small-dollar loans, including those concerning repayment. Only your lender can provide you with information about your specific loan term. You should contact your lender directly with any questions, comments, or concerns.
What if I am unable to repay my short-term, small-dollar loan according to its terms?
If you cannot repay your short-term, small-dollar loan according to its terms, your lender may: Charge you late fees Send your account to a collection agency Offer to renew, extend or refinance your loan (which may cause you to incur additional fees, charges and interest) Wowpaydayloans.co.uk is not a lender. Only your lender can provide you with information about your specific loan terms and the implications of non-payment of your loan. Ask your lender about its policies for non-payment.