Yes — every application we get is credit examined. As a lender that is responsible constantly be sure you meet our financing requirements and conduct credit and affordability checks for every loan.
Can I determine if I’ve been authorized without a credit search?
No вЂ“ a credit search is essential to allow us in order to make a choice on your own application, find out why here. All applications are at the mercy of a credit check and affordability evaluation.
Am I entitled to a Dot Dot Loan?
Eligibility is determined by your individual circumstances, but to make use of you have to be:
Over 18 years of age (over 21 for long-term loans)
To perform the job, you will also need:
Valid email and number that is mobile
Home target details
Bank debit and account card details
Can I want to send in almost any paperwork?
In certain full situations we possibly may ask you to answer for additional supporting papers.
Why should you validate my earnings?
Because we are a lender that is responsible we constantly verify your revenue and spending to simply help make sure any loan offer is affordable.
We have a bad credit rating, am I able to get that loan?
We make our choices on situation by instance foundation. We do not expect individuals to have credit that is perfect and we just just take different requirements into consideration when contemplating a credit card applicatoin in purchase to make financing decision.
What the results are if my application is declined?
This implies at this juncture we have been struggling to give you that loan, as the application didn’t fulfill our financing requirements. In the event your circumstances alter, you are welcome to re-apply after thirty day period.
Can I have a loan if i actually do not have personal house?
You don’t have to be house owner to obtain that loan from Dot Dot. We conduct credit checks and simply take your earnings and spending under consideration and base our decision about this.
What exactly is the essential difference between a direct loan provider and an agent?
Dot Dot Loans is a primary loan provider вЂ“ this implies us and, if approved, we’ll send the funds straight to your bank account that you can apply directly to. As opposed to lend you the amount of money on their own, an agent passes your information on to third parties who could possibly provide you with a loan that fits your needs.
Why have actually we been asked to submit supporting papers?
Often we truly need additional papers to assist us in order to make our financing choices. For instance, we might require some more info to help your reported earnings and spending or may need you to definitely deliver us proof your ID. We always you will need to keep these demands to the very least.
just What do i really do if I do not receive my loan?
Call us on 0333 240 6215 so we’ll take a good look at the presssing problem for you personally.
I will be a customer that is existing may I submit an application for another loan?
As a current consumer, you might be entitled to sign up for an innovative new loan you have repaid your existing one with us once. It is not a warranty, nevertheless, and exactly how much you may well be in a position to borrow as a existing client depends on your own specific circumstances. To try to get a new loan, merely get on the Dot Dot customer portal to begin your application. Please usually do not use straight through the homepage, as any current clients trying to get a further loan in because of this will immediately be declined. When you yourself havenвЂ™t yet registered when it comes to Dot Dot consumer portal, it is possible to register right here.
What exactly is Open Banking?
Open Banking is a straightforward and protected method to provide us with use of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are managed because of the Financial Conduct Authority (FCA) and must stay glued to data security legislation.
How come Dot Dot Loans utilize Open Banking?
We utilize information made available through Open Banking as an element of our credit and affordability checks, to ensure that we are able to make financing decisions on applications for just one of our loans that are long-term18 to 48 months). The solution we request you to agree to whenever obtaining a long-lasting loan we can see the data that appears in your bank statements and it is a paper-free method of sharing your revenue and spending information with us to ensure we are able to completely and fairly assess whether you really can afford to just simply take a loan out. In addition it eliminates the necessity for one to deliver bank statements, payslips or other earnings and expenditure-related information to us. You need to consent to this solution in order to accomplish the application as well as us to help you to help make a lending choice.
How does Open Banking work?
It is since straightforward as signing into the online banking. Through the application weвЂ™ll redirect you to definitely consents.online, who’ll request you to provide very first and last title, current email address and telephone number. YouвЂ™ll then be asked to choose which bank/building culture you possess your account that is current with before being asked for the permission to gain access to your statement information and share it with us. As soon as youвЂ™ve agreed, a protected, encrypted connection will likely be created using your bank/building culture and youвЂ™ll be expected to authenticate your self into the way that is same you log on to online banking. Your bank/building culture will likely then ask you to concur that you want to share your account information with consents.online before it is passed away for them, who can then share it with us.
Consents.online certainly are a Account that is FCA-regulated Information company (AISP). Consents.online offer a quick, simple and safe option to provide your monetary information making use of Open Banking.
As well as assisting you to share important computer data in a safe and safe method, consents.online additionally give you use of a free portal (available on the internet 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 choose to revoke access, it shall signify consents.online and anybody you formerly consented in their mind sharing your details with, including us, will no longer have the ability to see your username and passwords, unless they truly are needed to keep it for legal reasons.
Is consents.online safe?
Consents.online utilizes rigorously tested pc software and safety systems. By agreeing to generally share important computer data making use of consents.online, you are constantly in control. It is possible to decide what information may be accessed as well as for how long. No body gets access until you say therefore.
Is consents.online managed?
Yes, consents.online are managed by the FCA and must stick to data security legislation. To see their credentials view here.
So how exactly does consents.online interact with my bank?
Consents.online will hook up to your bank account straight using Open Banking APIs. An API — or Application Programming Interface — is an application intermediary that enables two applications to securely speak to one another. With regards to Open Banking, think about it as safe packages of information being moved between two places. It is exceptionally safe and provides just what’s necessary and absolutely nothing more. Consents.online makes a demand through the API, your bank responds to it by packaging information up, encrypting it and sending right back — nevertheless the distance amongst the two is definitely maintained.