Yes – every application we get is credit examined. Being a lender that is responsible always make sure you meet our lending criteria and conduct credit and affordability checks for every single loan.
May I determine if i have been approved with no credit search?
No вЂ“ a credit search is essential to ensure that us in order to make a determination on the application, find out why right here. All applications are susceptible to a credit check and affordability evaluation.
Am I qualified to receive a Dot Dot Loan?
Eligibility is determined by your individual circumstances, but to put on you need to be:
Over 18 years old (over 21 for long-term loans)
To perform the job, you can also require:
Valid email and mobile number
Residence address details
Bank debit and account card details
Can I need certainly to send in almost any paperwork?
In certain situations we possibly may ask you to answer for additional supporting papers.
Why do you need to confirm my earnings?
Because we are a accountable lender, we always verify your income and spending to greatly help guarantee any loan offer is affordable.
I’ve a bad credit rating, am I able to get that loan?
We make our decisions for situation by instance foundation. We do not expect individuals to have credit that is perfect so we simply simply take different requirements under consideration when contemplating a credit card payday loans in Buckinghamshire applicatoin so as to make financing choice.
What the results are if my application is declined?
What this means is at this juncture we have been struggling to provide you with that loan, as your application failed to satisfy our financing requirements. Should your circumstances change, you are welcome to re-apply after 1 month.
Can a loan is got by me if i actually do perhaps maybe not obtain my personal house?
You don’t have to be a true property owner to have that loan from Dot Dot. We conduct credit checks and simply take your earnings and expenditure into consideration and base our choice 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 can use straight to us and, if approved, we will deliver the funds directly to your money. As opposed to provide you the cash by themselves, an agent passes your details on to third events who might be able to give you that loan that fits your needs.
Why have actually I been asked to outline supporting documents?
Often we are in need of additional papers to aid us to produce our financing choices. for instance, we might require some more info to support your reported earnings and spending or could need you to definitely deliver us proof your ID. We constantly you will need to keep these needs to at least.
Exactly just What do i really do if I do not get my loan?
Call us on 0333 240 6215 and then we’ll take a good look at the presssing problem for you personally.
I’m a current customer , can I submit an application for another loan?
As a current consumer, you may well be entitled to sign up for a unique loan you have repaid your existing one with us once. This is simply not a guarantee, but, and just how much perhaps you are in a position to borrow being a customer that is existing on your own specific circumstances. To try to get a brand new loan, just get on the Dot Dot client portal to start out the job. Please usually do not use straight through the website, as any current clients trying to get 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’s Open Banking?
Open Banking is really a simple and safe way to provide us with use of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are regulated by the Financial Conduct Authority (FCA) and must abide by data security 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 could make financing decisions on applications for just one of y our loans that are long-term18 to 48 months). The solution we request you to consent to whenever applying for a long-lasting loan permits us to view the details that seems on your own bank statements and it is a paper-free method of sharing your earnings and spending information with us to make certain that we could completely and fairly assess whether you’ll pay for to just just take away that loan. It removes the necessity for you to definitely deliver bank statements, payslips or any other income and information that is expenditure-related us. You need to consent to this ongoing solution to help you to perform the application as well as us in order to produce a financing decision.
How does Open Banking work?
It is because simple as logging into the online banking. Throughout the application weвЂ™ll redirect you to definitely consents.online, who’ll ask you to provide very first and name that is last email and contact number. YouвЂ™ll then be expected to choose which bank/building culture you possess your account that is current with before being asked for the consent to gain access to your declaration information and share it with us. As soon as youвЂ™ve agreed, a secure, encrypted connection will likely to be made out of your bank/building culture and youвЂ™ll be expected to authenticate your self into the way that is same you log in to online banking. Your bank/building society will likely then request you to make sure you’d like to share consents.online to your account information before it is passed away for them, that will then share it with us.
That is consents.online?
Consents.online really are a FCA-regulated username and passwords Service company (AISP). Consents.online offer a fast, effortless and way that is secure offer your economic information making use of Open Banking.
As well as assisting you share important computer data in a safe and way that is secure consents.online additionally offer usage of a free portal (available online and via an application you can see what you’ve shared, control and revoke access to your data at any time if you agree to this option during your application) where. If you undertake to revoke access, it shall imply that consents.online and anybody you formerly consented in their mind sharing your details with, including us, will not manage to view your account information, unless they’ve been expected to store it for legal reasons.
Is consents.online safe?
Consents.online makes use of rigorously tested pc software and protection systems. By agreeing to fairly share your computer data consents which are utilizing, you are constantly in control. It is possible to determine what information may be accessed and for the length of time. No body gets access until you state therefore.
Is consents.online controlled?
Yes, consents.online are controlled by the FCA and must stick to data security legislation. To see their credentials follow this link.
How exactly does consents.online relate to my bank?
Consents.online will connect with your bank account straight making use of Open Banking APIs. An API – or Application Programming Interface – is an application intermediary enabling two applications to securely communicate with one another. It as secure packages of data being transferred between two places when it comes to Open Banking, think of. It is acutely protected and provides just what’s necessary and absolutely nothing more. Consents.online makes a request via the API, your bank reacts to it by packaging information up, encrypting it and giving right straight back – nevertheless the distance between the two is obviously maintained.