A serious work for one to Wonga provides over a variety of attributes one to give payday loan is the fact that they are not a beneficial agent, but instead a primary bank. This means the business doesn’t collect the new user’s info and you may submit its recommendations to a third-class lender so you’re able to know if the consumer is approved to own an instant payday loan.
Alternatively, Wonga is actually a totally inserted lender that delivers aside finance myself, without having any wedding out-of 3rd-group loan providers. Whenever a consumer applies to possess an online payday loan during the Wonga, the information simply feel collected of the organization and certainly will never be common by third-team service providers.
Loans are also paid faster compared to applying for a quick payday loan within a broker. Whenever applying on a brokerage, the consumer would have to wait for broker to acquire acceptance on the software on financial. Whenever Wonga approves a consumer’s software, it shell out the cash straight to the customer – occasionally when you look at the same day’s the new customer’s payday loan app.
Safe Solution
Wonga is even invested in the protection of the user’s research. As indexed in the past, the organization is an immediate financial and you can guidance shared from the customers won’t be wanted to a third-party carrier, apart from the user’s credit record getting expected out of a card agency.
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