2014 Lender Lists:

WageDayAdvance @ www.wagedayadvance.co.uk

WageDayAdvance (more popular as Wage Day Advance) is one of the more experienced payday loan lenders competing in the industry. They have been active since 2004 at www.wagedayadvance.co.uk. This is a single trading company that offers monthly loans. It is notably a large one, with more than 100 people employed in Skipton. In February 2013 this brand was acquired by Speedy Cash. When it comes to the service, the full cash availability is £80 to £750, although they restrict new customers at £350. A set monthly interest charge applies that creates a £29.50 cost per £100. You can choose either slow funding (free) or same day (£15).

When using the paid option the cost gets expensive at £44.50. Just to update that they have now added FlexAdvance that has a maximum term of 18 months. You can repay early here, but the same monthly rate is set and so the cost is very high when you extend like this. The WageDayAdvance loans have always been popular in the industry, but this has developed more so in recent years through TV ad campaigning (shown on E4). For most of their trading years, there was no WDA login in place over at www.wagedayadvance.co.uk, but this was eventually added (SSL has always been used). They are a member of the BCCA trade association.

To cover their operational times, Monday to Friday stands at 8am to 8pm and Saturday is 9am to 5pm. They now also make a note as to when they process their Express transfers. This includes Monday to Friday (12.15pm, 3.30pm and 7.30pm) and each Saturday (12pm, 3.15pm and 4.45pm). This payday lender is highly experienced and they have always been well received from their growing user base. From studying their product as it stands today, the charges are a little expensive when that £15 fast funding fee has been added. You can get a better deal by using their sister brand (Speedy Cash).