WageMe Review | www.wageme.com
Address: 55 Old Broad Street, London, EC2M 1RX.
Branding: WageMe. Also known as: Wage Me.
FCA Licence: 652040.
From: Wageme.com Ltd.
Related: No companies.
Available: Monday to Friday. See notes.
Bad credit considered: Yes.
Manage: no WageMe login at www.wageme.com.
Offers: Payday loans.
Pricing: £24/£100 (30 days).
Sums: £50 to £400 (new) | £750 max (returning).
Terms: 30 days.
Notes: Whilst the full monthly term is primary they can cater short terms of just a few days should your payday be approaching soon. There has never been any reference as to when they open and close. Standard working hours between Monday and Friday should be expected.
– Amounts: Not many payday lenders offer small sums starting from just £50. The benefit here is in receiving a more manageable loan that doesn’t have an excessive lump sum to pay when the repayment arrives.
– Growth: The recent 2012 launch hasn’t stopped this lender from initiating a considerable challenge to the major firms. When a range of highly searched phrases were studied through Google their site would always have high visibility. They are clearly doing well online and they have also been running a range of advertising strategies offline. They have primarily targeted the London region where they have for instance been advertising on the side of taxis. Their social media following has also built up quickly and the general feedback on review sites has been highly positive to date that shows that they are a rising force.
– Account logins have recently been taken away. This is one of the main service issues since all of the big names provide such facilities.
– The cost of this monthly product loomed on the expensive side. The interest was fixed at £39 per £100 borrowed. A slow transfer was free, but if the cash was required in just a few hours then an extra £15 would be imposed (and discounted from the funds requested). There was a promo code released that would have been designed to specifically remove this fee, but we were never able to find one during the time that they were available. Such savings would no longer be possible since they now face the strict 0.8% daily cap.