Am I going to be credit checked when I use?
Yes – every application we get is credit examined. As being a lender that is responsible constantly be sure you meet our financing requirements and conduct credit and affordability checks for every loan.
May I determine if i have been authorized with no credit search?
No вЂ“ a credit search is essential to enable us which will make a determination in your application, here find out why. All applications are at the mercy of a credit affordability and check evaluation.
Am I qualified to receive a Dot Dot Loan?
Eligibility depends on your circumstances that are personal but to make use of you have to be:
Over 18 years old (over 21 for long-lasting loans)
To perform the application, you can also need:
Valid email and number that is mobile
Residence address details
Bank debit and account card details
Can I want to send in almost any paperwork?
In a few instances we might ask you to answer for additional supporting papers.
Why must you confirm my income?
Because we are a accountable lender, we constantly verify your revenue and expenditure to aid guarantee any loan offer is affordable.
We have a credit that is bad, may I get that loan?
We make our choices on a full situation by situation basis. We do not expect individuals to have credit that is perfect so we simply just take different requirements under consideration when contemplating a credit card applicatoin so as to make financing choice.
What are the results if my application is declined?
What this means is at this juncture we have been not able to offer that loan, as the application would not satisfy our financing requirements. In the event the circumstances alter, you are welcome to reapply after thirty day period.
Can I have that loan if i really do perhaps perhaps not acquire personal home?
You should not be described as house owner to have a loan from Dot Dot. We conduct credit checks and bring your expenditure and income under consideration and base our decision with this.
What is the essential difference between a direct loan provider and a broker?
Dot Dot Loans is a primary loan provider вЂ“ this implies that one may use straight to us and, if approved, we are going to deliver the funds right to your money. As opposed to provide you the amount of money on their own, an agent passes your information on to parties that are third might be able to provide you with that loan that fits your needs.
Why have actually we been expected to outline supporting papers?
Sometimes we require additional documents to assist us to create our financing choices. As an example, we might require some more information to help your reported earnings and expenditure or could need one to deliver us evidence of your ID. We always you will need to keep these requests to a minimum.
What do I do if I do not get my loan?
Contact us on 0333 240 6215 and now we’ll take a good look at the problem for you personally.
I will be a current customer , may I submit an application for another loan?
As a preexisting client, you might be entitled to remove a fresh loan with us once you’ve paid back your existing one. This isn’t an assurance, but, and simply how much perhaps you are in a position to borrow being a current client depends in your specific circumstances. To apply for a loan that is new merely log in to the Dot Dot consumer portal to begin the application. Please usually do not apply straight through the homepage, as any current clients applying for a loan that is further because of this will immediately be declined. You can register here if you havenвЂ™t yet registered for the Dot Dot customer portal.
What exactly is Open Banking?
Open Banking is a straightforward and way that is secure give us access to your economic information through Account Information Service Providers (AISPs). Open Banking and AISPs are managed because of the Financial Conduct Authority (FCA) and must stick to data protection legislation.
How come Dot Dot Loans use Open Banking?
We utilize information provided through Open Banking included in our credit and affordability checks, to ensure we are able to make financing decisions on applications for just one of y our long-term loans (18 to 48 months). The service we request you to consent to whenever obtaining a long-lasting loan we can see the info that seems in your bank statements and it is a paper-free method of sharing your revenue and spending information with us in order that we are able to completely and fairly assess whether you really can afford to simply just take a loan out. It eliminates the necessity for you to definitely deliver bank statements, payslips or any other earnings and information that is expenditure-related us. You need to consent to this solution in order to accomplish the application as well as for us in order to create a financing choice.
How does Open Banking work?
It is as easy as signing into the online banking. Throughout the application weвЂ™ll redirect you to definitely consents.online, that will request you to offer very first and name that is last email and telephone number. YouвЂ™ll then be expected to select which bank/building culture you own your current account with, before being expected for the permission to get into your declaration information and share it with us. When youвЂ™ve agreed, a secure, encrypted connection are going to be fashioned with your bank/building society and youвЂ™ll be expected to authenticate your self into the same manner as you log on to online banking. Your bank/building culture will likely then request you to make sure you want to share your bank account information with consents.online before this can be passed for them, who can then share it with us.
That is consents.online?
Consents.online certainly are a Account that is FCA-regulated Information company (AISP). Consents.online offer a fast, simple and safe solution to provide your financial information making use of Open Banking.
As well as assisting you to share important computer data in a secure and protected method, consents.online additionally give you usage of a free of charge portal (available online and via a software in the event that you accept this program during your application) where you could see just what you have shared, control and revoke usage of important computer data whenever you want. If you undertake to revoke access, it will imply that consents.online and anybody you formerly consented for them sharing your details with, including us, will not have the ability to view your bank username and passwords, by law unless they are required to store it.
Is consents.online safe?
Consents.online makes use of rigorously tested pc software and protection systems. By agreeing to fairly share important computer data utilizing consents.online, you are constantly in control. You are able to determine what information may be accessed and for the length of time. No one gets access unless you state so.
Is consents.online controlled?
Yes, consents.online are controlled by the FCA and must stick to data security legislation. To see their credentials click the link.
So how exactly does consents.online relate genuinely to my bank?
Consents.online will hook up to your bank account Open Banking that is directly using APIs. An API – or Application Programming Interface – is an application intermediary which allows two applications to securely speak with one another. It as secure packages of data being transferred between two places when it comes to Open Banking, think of. It really is excessively protected and provides just what’s necessary and absolutely nothing more. Consents.online makes a https://speedyloan.net/uk/payday-loans-bst demand through the API, your bank reacts to it by packaging information up, encrypting it and giving straight straight back – nevertheless the distance between your two is obviously maintained.