Who are Wage Day Advance?

Wage Day Advance is a UK-based short-term credit broker that specialises in facilitating small loans ranging from £100 to £5,000. Established in 2021, the company aims to differentiate itself from other credit brokers by prioritizing customer service and transparency. They work with a panel of reputable lenders to provide quick and accessible payday loans to individuals in need of emergency funds.

Why are Wage Day Advance contacting me?

Wage Day Advance may contact you if you have previously applied for a loan through their service or if there are updates or issues regarding an existing loan. They may also reach out to inform you about new financial products or services that match your borrowing history and profile.

Is contact from Wage Day Advance serious?

Yes, contact from Wage Day Advance should be taken seriously, especially if it pertains to outstanding payments or loan agreements. Ignoring their communications can lead to further financial or legal complications, so it’s important to address any issues promptly.

Can a Debt Management Plan stop Wage Day Advance?

A Debt Management Plan (DMP) can help manage your repayments to Wage Day Advance, potentially stopping further collection actions. By consolidating your debts and negotiating reduced payments with your creditors, including those facilitated by Wage Day Advance, you can manage your financial obligations more effectively​.

I have received a letter from Wage Day Advance, what does this mean?

Receiving a letter from Wage Day Advance typically indicates they are trying to communicate with you about a financial matter, such as a reminder about an upcoming payment, a notice of a missed payment, or important information regarding your loan terms. It’s crucial to read the letter carefully and respond appropriately to avoid further issues.

What rights do I have against Wage Day Advance?

As a borrower, you are protected by regulations set by the Financial Conduct Authority (FCA). These regulations ensure that brokers like Wage Day Advance must operate transparently and fairly, providing clear information about loan terms and treating customers ethically. You have the right to receive all loan details and to lodge complaints if you feel mistreated​.

Wage Day Advance are sending debt collectors to my house, what should I do?

If debt collectors are sent to your home, it is important to remain calm and understand your rights. You are not obligated to let them enter your home. You can request proof of their identity and details of the debt. It is advisable to communicate with Wage Day Advance directly to resolve the issue or seek advice from a debt advice service​.

Will Wage Day Advance repossess my home?

Wage Day Advance, as a broker, does not have the authority to repossess homes directly. However, if a secured loan facilitated through their service remains unpaid, the lender may take legal action which could potentially lead to repossession. It is essential to address any repayment issues promptly to avoid severe consequences.

What Debt Management Plans can help stop Wage Day Advance from contacting me further?

DMPs, Individual Voluntary Arrangements (IVAs), and Debt Relief Orders (DROs) can help manage your debt and reduce contact from Wage Day Advance. These plans involve negotiating with your creditors to arrange affordable payment plans, which can prevent further collection actions and contact.

What if I can’t afford to pay Wage Day Advance?

If you cannot afford to repay your loan to Wage Day Advance, contact them immediately to discuss your situation. They may offer a revised repayment plan or temporary relief. Additionally, you can get free debt advice from services like MoneyHelper.

If you’d like to speak with an expert debt advisor today, you can reach out to the friendly MoneyPlus team.

Typical APR*: 2814.2%

Address: Wage Day Advance Ltd, Unit 7, Acorn Business Park, Keighley Road, Skipton, North Yorkshire, BD23 2UE.

Telephone: 0871 703 7777

Website: www.WageDayAdvance.co.uk/

Please Note: We are not affiliated with, Wage Day Advance. However, if you are having trouble with Wage Day Advance please contact us now. * At time of writing