Payday Loan Lenders: Wonga
Update: I was notified by Wonga today that changes have been made to the credit scoring which should have a positive effect on acceptance rates.
Wonga payday loans have only been around for two years at this time, but they have quickly emerged as a firm favourite throughout the UK. This London-based cash advance company boasts a unique application process whereby you can apply for a loan using an enhanced calculator to quickly work out the interest and terms for the desired loan. Wonga loans offer up to a 400 cash loan with no faxing, but the unique approach that Wonga take is to offer you the opportunity to choose the exact loan amount and the exact number of days to pay back; the interest is reduced each time you reduce the period of days. Returning customers can apply for 1000.
These are instant cash advances for sure, with Wonga getting the desired funds to your bank account within 15 minutes. These are no fax cash advances, everything is simply carried out online and there will be a credit check made. They do take in customers with a bad credit rating and have recently made changes to their credit scoring so that they say yes to more people. Wonga are certainly an interesting cash advance lender (they prefer that tagline over payday lender). You may have seen their recent advertising campaigns on the TV? They're certainly making a big push this year to catch the big boys.
Interest for a 100 Payday Loan:
Variable. Could range from 6.54 for one day - to 36.72 for 30 days. That would equate to 6.5% minimum or 36.7% maximum; a 14 day loan would be 20.07 (20%)! As you can see, the smaller the loan period is... the less you will have to pay in interest, but do remember that a 5.50 transmission fee will always be included.
Apply Now...
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(tags: quick easy payday loan, uk payday loan lenders 2010, unique short term loans, urgent loans uk, wonger loans)
Update: I was notified by Wonga today that changes have been made to the credit scoring which should have a positive effect on acceptance rates.
Wonga payday loans have only been around for two years at this time, but they have quickly emerged as a firm favourite throughout the UK. This London-based cash advance company boasts a unique application process whereby you can apply for a loan using an enhanced calculator to quickly work out the interest and terms for the desired loan. Wonga loans offer up to a 400 cash loan with no faxing, but the unique approach that Wonga take is to offer you the opportunity to choose the exact loan amount and the exact number of days to pay back; the interest is reduced each time you reduce the period of days. Returning customers can apply for 1000.
These are instant cash advances for sure, with Wonga getting the desired funds to your bank account within 15 minutes. These are no fax cash advances, everything is simply carried out online and there will be a credit check made. They do take in customers with a bad credit rating and have recently made changes to their credit scoring so that they say yes to more people. Wonga are certainly an interesting cash advance lender (they prefer that tagline over payday lender). You may have seen their recent advertising campaigns on the TV? They're certainly making a big push this year to catch the big boys.
Interest for a 100 Payday Loan:
Variable. Could range from 6.54 for one day - to 36.72 for 30 days. That would equate to 6.5% minimum or 36.7% maximum; a 14 day loan would be 20.07 (20%)! As you can see, the smaller the loan period is... the less you will have to pay in interest, but do remember that a 5.50 transmission fee will always be included.
Apply Now...
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(tags: quick easy payday loan, uk payday loan lenders 2010, unique short term loans, urgent loans uk, wonger loans)
