Wageme is a friendly UK-based short-term lender that specialises in issuing payday loans. Payday loans or wage day loans are advances that are designed to last until a borrower’s upcoming paycheck. Applicants can borrow money from Wageme.com without worrying about their credit scores. The company uses an affordability system to determine the amount of money for which its applicants qualify. Wageme teaches its customers to practice responsible lending so that they do not end up with overwhelming debt. The staff members are friendly and compassionate people who care about consumers’ well-being.
APPLICATION REQUIREMENTS:
A Wageme applicant must meet certain requirements before the company will issue him or her an advance. First, an applicant must be at least 18 years of age because the loan requires a contract signature. Secondly, the applicant must live in the United Kingdom and have a UK bank account with a debit card. The bank account should be free of adverse transactions, and it must have a positive balance. The company will issue funds to the bank account, and it will retrieve its payments from the bank account. Therefore, the bank account must be in good standing.
LOAN AMOUNTS AND CHARGES:
Wageme has a fair system that it uses for lending people money. Applicants can request as little as £50 or as much as £750. First-time applicants are restricted to borrowing £400. Return applicants can request a full £750 loan after they establish trust. Loans are due on the next pay period after the person borrows the money. However, borrowers may have as long as 30 days to repay a cash advance. The fees are clear-cut and reliable. A small £50 loan will accrue £12 worth of interest, and the borrower will have to pay back £62. A £570 loan will have an interest payment of £180, and the borrower would have to pay back £930.
PROCESS:
The process of applying for a Wageme loan is quite simple. The applicant will complete a short form that asks for some personal information. The lender will perform a short verification and then give the applicant an answer. Once the applicant signs the electronic contract, then he or she becomes a borrower.
PAYMENT:
The lender can send the funds to the borrower’s bank account the same day if he or she requests such. The lender will charge a small fee of £15 for the expedited service.
