michaelc
Member of DD Central
Posts: 4,844 
Likes: 2,758
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Post by michaelc on Dec 12, 2018 19:04:03 GMT
Does anyone know if they are a member? I went to the moneysavingexpert site to see if they say anything about W. I found they don't like any payday lenders which I can understand but do list three as the "least worst". However, those listed seem to have much higher apr than W does. Perhaps W doesn't feature there because its not a member of the Good Practice Charter? A very quick and casual search seemed to suggest that up to 90% of payday lenders are members but W isn't? Perhaps W isn't particularly trying to increase borrower traffic to its site? I don't know if they need more lenders or borrowers right now. Search for: "Least-worst payday lenders" in the link below www.moneysavingexpert.com/loans/payday-loans/ |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,840
Likes: 11,068
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Post by ilmoro on Dec 12, 2018 19:42:02 GMT
nsiam? Email today suggests lenders required rather than borrowers
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Post by nsiam on Dec 12, 2018 19:54:12 GMT
Does anyone know if they are a member? I went to the moneysavingexpert site to see if they say anything about W. I found they don't like any payday lenders which I can understand but do list three as the "least worst". However, those listed seem to have much higher apr than W does. Perhaps W doesn't feature there because its not a member of the Good Practice Charter? A very quick and casual search seemed to suggest that up to 90% of payday lenders are members but W isn't? Perhaps W isn't particularly trying to increase borrower traffic to its site? I don't know if they need more lenders or borrowers right now. Search for: "Least-worst payday lenders" in the link below www.moneysavingexpert.com/loans/payday-loans/, this is something we need to apply for but we haven't yet and hence we are not on the list. We may consider applying in the future. We currently have an increased level of interest from borrowers due to the festive season and as we are increasing volumes. With this in mind, we need to increase the lending capital to meet the increased demand.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Dec 13, 2018 3:08:46 GMT
Providing there is no slipping of standards in borrower selection I am happy to add a few thousand more to Welendus.
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zlb
Member of DD Central
Posts: 1,412
Likes: 331
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Post by zlb on Dec 13, 2018 17:25:38 GMT
Does anyone know if they are a member? I went to the moneysavingexpert site to see if they say anything about W. I found they don't like any payday lenders which I can understand but do list three as the "least worst". However, those listed seem to have much higher apr than W does. Perhaps W doesn't feature there because its not a member of the Good Practice Charter? A very quick and casual search seemed to suggest that up to 90% of payday lenders are members but W isn't? Perhaps W isn't particularly trying to increase borrower traffic to its site? I don't know if they need more lenders or borrowers right now. Search for: "Least-worst payday lenders" in the link below www.moneysavingexpert.com/loans/payday-loans/, this is something we need to apply for but we haven't yet and hence we are not on the list. We may consider applying in the future. We currently have an increased level of interest from borrowers due to the festive season and as we are increasing volumes. With this in mind, we need to increase the lending capital to meet the increased demand. hi Nadeem, was this increased Christmas borrowing, combined with lower ability to repay, included in your stress testing? Thanks.
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Post by nsiam on Jan 3, 2019 19:30:34 GMT
michaelc , this is something we need to apply for but we haven't yet and hence we are not on the list. We may consider applying in the future. We currently have an increased level of interest from borrowers due to the festive season and as we are increasing volumes. With this in mind, we need to increase the lending capital to meet the increased demand. hi Nadeem, was this increased Christmas borrowing, combined with lower ability to repay, included in your stress testing? Thanks. Hi zlb, To date, the repayment and collection performance has only been improving. We have not seen lower ability to repay. With regards to our stress testing, it was conducted to cover extended economic downturns which is more severe than seasonal variation. Hope this answers your questions. Best, Nadeem
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