Wageday Advance

Written by:

Cara Bradley

5 minutes mins read

Updated: 15th August 2024

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Wageday Advance is no longer able to offer direct loans, but Little Loans could help you find a suitable alternative.
Little Loans is a credit broker, and we work with a large panel of lenders who provide short-term personal loans from £100 to £10,000. The loans offered by our lenders can be repaid over terms from 3 to 60 months, depending on how much you apply to borrow.

Five reasons to choose Little Loans as your Wageday UK alternative

1. Little Loans, and all the lenders on our panel, are authorised and regulated by the Financial Conduct Authority (FCA).
2. Our service is free to use.
3. No-obligation quotes.
4. We welcome all credit scores to search for a loan.
5. Worried about your credit score? We understand. Check your eligibility before you apply, with no impact to your credit score.*

*If you’re matched with a loan and make a full application with the lender, you will be required to undergo a hard credit search. Please be aware that hard searches will remain on your credit file for up to 12 months, and too many hard searches over a short period of time can have a negative effect on your credit score.

Who was Wageday Advance?

Wageday Advance was a UK-based direct lender of short-term loans. Their head office was based in Leeds.
New customers could apply to borrow between £80 and £1,000, whereas existing customers could apply for up to £2,000. Repayment terms varied between one and six months.

Can I still get a loan with Wageday Advance?

Sadly, Wageday Advance, a trading name of CURO Transatlantic Limited, went into administration in February 2019. You can no longer apply for a direct loan with Wageday Advance.

Could I get a loan with Little Loans instead?

Little Loans is a credit broker, not a lender. We can help you search for a loan to suit your personal circumstances.

When you need money to cover the cost of an urgent financial emergency, the last thing you feel like doing is trawling through multiple lenders in an attempt to find the right loan. Let Little Loans do the work for you.

Who can use Little Loans?

You can use Little Loans to search for a loan if you:

• Are over the age of 18;
• Are a UK resident;
• Have a UK bank account and valid debit card; and
• Have a regular source of income paid directly into your bank account.

Can you explain how the Little Loans journey works?

Sure. We’ve broken our journey down into five simple steps below, so you know what to expect at every stage.

1. Firstly, you’ll need to let us know how much money you need, and how long you’d like to borrow it for. Use our online form to supply some details to help us get to know you. This should take no longer than five minutes to complete.
2. Using the information you’ve provided, we’ll run a soft search on your financial history. Don’t worry – at this stage, there will be no impact to your credit score. Once this is complete, we’ll scan our panel of lenders for a match.
3. If we’ve found you a loan, you’ll be redirected to the lender’s website, where you can find out more about the loan and decide whether you’d like to make a full application.
4. Should you choose to go ahead with the loan, you’ll be asked to provide some further information. The lender will carry out a hard search, which will remain on your credit file for up to 12 months.
5. Once the results of the lenders checks are back and marked as satisfactory, you will be sent a loan agreement. Be sure to thoroughly read through the terms and conditions. If you’re happy to proceed, you can sign and return the agreement.

When will my money be sent?

Each lender has their own payout timescales, so it’s best to check this directly with them, especially if you need money in an emergency. This information can usually be found on the lenders’ website.
Some of the lenders on the Little Loans panel could send your money the same day your application is approved, although the time it takes for the funds to appear in your account will depend on your bank’s policies and procedures.

I’m worried about money; is there anywhere I can find advice?

Whatever you’ve got going on, please know that money and debt management advice is readily available on sites such as StepChange, MoneyHelper, Citizens Advice, and National Debtline. A number of these charities and organisations also offer a designated live chat and phone call service - please refer to each individual site for further information and operating hours).

† Wageday Advance was a direct lender that is no longer trading. The domain name Wageday Advance was then sold. WageDayAdvance.co.uk is a credit broker, not a lender, and is a registered trading name of Wage Day Advance Limited, which is an Introducer Appointed Representative of T Dot UK Limited.
Wageday Advance the direct lender and Wageday Advance the credit broker are two separate entities

This article is from June 2024; all information was correct at the time of writing.