Wage Me

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Company Information

  • Company Name:
    Wage Me
  • Website Address:
  • FCA IP:
    652040
  • Business address:
    55 Old Broad Street, London, EC2M 1RX
  • Phone number:
    0207 993 0742

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.

243 Reviews of Wage Me have been submitted - read the latest 3 below

I have my pal Lucy to thank for getting me into payday loans and I think she must be Wage Me loans most popular customer because she literally uses them all the time. I can manage to restrict my loans from them to 2 or 3 a year and usually only for special things like weddings and birthdays where I need some extra cash sometimes. I like using Wage Me because their rates aren't too high and even though they do charge you to get your money the same day, I don't always go for that but still get my money within 3 days of applying which I don't think is too bad at all because that's usually how long most bank transfers take anyway unless you pay extra.

Review posted by Sharon Crozier, Dartford

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

This is the first time I have used Wage Me and I took a chance and didn't pay the extra to get the money the same day. I needed the cash for the weekend and it was Wednesday morning so I figured it might work out for me and I am pleased to say it did. I might not always have as much time to spare with the next loan so I am not sure if I would pay for the expedited service unless it was a real emergency and I was borrowing a bit more, then I think it would be worth it. But maybe not for small loans like the one I have just taken out with them. But for a first time payday loan it wasn't bad at all and I would definitely use them again.

Review posted by Hugh Bond, Leytonstone

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

If I don't pay the extra for their expedited service Wage Me payday loans are the cheapest. I can usually apply for the loan in plenty of time and so there hasn't been the need for a same day service and if I did need the money the same day I would try and choose a payday loan company that did this free of charge. I am quite an organised person so I haven't had a problem using Wage Me so far and hope to continue using them in this way. I tend to rely on payday loans quite a bit so when you find one that works well for you you should really try and stick with them to make life a bit easier and I think I have found this with Wage Me.

Review posted by Dan Piper, Bexleyheath

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money