WageDayAdvance are a short-term loan provider offering loans of between £100 and £1000. Loans can be spread over a period of between 1 and 6 months. Based in Leeds, West Yorkshire, WageDayAdvance have been providing finance to customers since 2004 and also have offices in Nottingham.
WageDayAdvance are a direct lender, which means the money provided to you will come from them directly. They have a competitive APR of 1294.0%
What Is The Criteria For A Loan With WageDayAdvance?
To apply for a loan with WageDayAdvance you must be aged 18 years or over, a full UK resident with a valid UK bank account and be in permanent employment. During the application process, you must be able to provide full details of your employer, as well as all of your outgoings and expenses. This helps them make a sensible and accurate decision when processing your loan request.
How Do Repayments With WageDayAdvance Work?
If approved, you will be offered options to repay your loan with WageDayAdvance over a term of 1 to 6 months. You must choose which option is most affordable to you. For example, if you feel that the instalment amount for a loan over one month is not affordable, you should consider a longer term. You will be required to repay your loan back on the dates specified on the application. Like with all UK-based lenders, late payments can result in fees.
Like many responsible online lenders, WageDayAdvance use Continuous Payment Authority, which means the repayments will automatically be collected from your account on the date agreed, without you having to make the payment manually.
Here is a Representative Example of a loan with WageDayAdvance:
- Borrow £260 for 28 days
- Total Repayable £318.2
- Total charge for credit £58.2 comprising interest only
- Interest rate 292% per annum(fixed)
- Representative APR 1294.0%
More Useful Information
Telephone Number: 0333 006 2000
Company Number: 04179322
WageDayAdvance are authorised and regulated by the Financial Conduct Authority (FCA)
Warning: Late repayment can cause you serious money problems. For help, go to www.moneyadviceservice.org.uk.