When it comes to short term finances and payday loans, there are a huge number of companies on the market that can provide you with options. However, determining the differences between these businesses can be difficult, and this can make the process of deciding who can provide you with a loan best tailored to your needs almost impossible. That’s why we’re here to help. We’re putting together a side by side comparison between Wizzcash and Pounds To Pocket loans in order to provide you with all of the information that you need to help you find the right lender for you.

How Wizzcash Works

The process of applying for a loan through Wizzcash is extremely simple. We provide short term loans ranging from three up to twelve months, with loan amounts from £200 to £1000. All applicants have to do is fill out how much they want to borrow, how long for, and fill out the application form. Then, after our expert team carry out a series of affordability checks, they will be notified by text or email on whether their application has been provisionally accepted.

These affordability checks include:

  • Eligibility criteria
  • Credit checks
  • Employment checks

The whole process of filling out our application form and receiving your funds can take less than an hour!

Wizzcash vs Pounds To Pocket Loans

Here at Wizzcash, we are a Pounds to Pocket payday loan alternative that you can trust to provide you with money whenever you need it. We’re a little different to some of the other lenders that you may have come across during your research.

Loan Amounts
Pounds To Pocket loans range from £200 up to £2000, which can be helpful if you’re looking for a large amount of money to help with a financial emergency. However, here at Wizzcash, we aim to protect our customers by only providing access to £1000 as the maximum borrow amount. Payday loans are designed to only be short term and to help you out of emergency situations. A maximum limit of £1000 makes repayments a lot easier for our customers and prevents our customers from building up a lot of interest over a long period of time.

APR
Here at Wizzcash, we provide our customers with one of the most competitive APR percentages on the market. The longer the term of the loan, the lower the APR however the nominal amount you pay will be higher the longer you hold the money for. For example, if you borrow £300 over 3 months, you would pay a total of £455 with Wizzcash. However, over 12 months you would repay £572.28 with Pounds To Pocket. Research undertaken 27/02/17.

Repayment Periods
Pounds to pocket payday loans offer repayment periods of between 6 to 12 months, meaning customers will have a waiting period of 6 months before repaying their loan. Here at Wizzcash, we understand that some people only need a helping hand up until payday, and so provide the option of equal repayments from 3 months. We also allow our customers to repay their loan early without an additional fee, meaning you can clear your debt as soon as you are able to.

Simple, Fast Applications
As a Pounds To Pocket payday loan alternative, we aim to make our application form quick and easy for our customers to fill out. All they have to do is fill out how much they want to borrow and foe how long, and fill out their details with our online application form. Once this has been received, we will let you know instantly whether or not your application has been approved and aim to get your money into your account as quickly as possible – usually within the hour. Pounds To Pocket loans aim to process applications within 30 minutes, and have the funds sent to their customers’ current accounts within 10 minutes after the loan has been approved if the bank supports Faster Payments. However, if it does not, they will still aim to get your funds into your account on the same day, as long as applications are made before 2.30pm.

FCA Approved
As a Pounds To Pocket payday loan alternative, we are FCA approved and ensure that we follow all FCA guidelines and responsible lending practices. There could be a number of unapproved lenders on the market that you will need to be wary of, in order to protect your finances and personal details. Some might try to convince you to spend more money than you actually need to borrow, whether you can afford it or not. Whether you’re looking to apply for a loan with Wizzcash or a Pounds To Pocket loan, Wizzcash will be completely transparent at all times.

Responsible Lending
Responsible lending is extremely important to us here at Wizzcash, and as a Pounds To Pocket loan alternative, we aim to only lend to those who can truly afford it. We will carry out a series of eligibility checks to help you find the right source of finance to suit your budget. We always keep your personal details 100% secure, and continue to be fully transparent at all times.

Why Choose Wizzcash?

Whether you’re looking for a Pounds to Pocket alternative, or you’re browsing the market to find the right lender for your needs, there are a number of reasons why you should choose Wizzcash. Not only do we have a competitive APR, and allow you to borrow up to £1000, we are 100% confidential and secure, so you can be sure that you are in the safest of hands at all times. We are totally transparent and our online calculator will give you all of the information that you need when it comes to knowing how much your loan will cost you. Whether you apply for a Pounds To Pocket payday loan, or a loan from Wizzcash, turn to an FCA approved short term loans lender. Apply online with Wizzcash today!

 

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk