Who was Wizzcash?
Wizzcash was a direct lender, offering online payday loans between £300 and £1,000. Customers repaid their Wizzcash loan across a term of 3 months, in equal monthly instalments.
Wizzcash also operated as a credit broker and was able to redirect unsuccessful applicants to other products and services.
Why did Wizzcash stop offering loans?
The following statement can be found on their website:
“We are no longer offering credit or loan applications on Wizzcash.com, whether you are a new or an existing customer. We apologise for any inconvenience and assure you it was not an easy decision to stop providing our services as we have enjoyed helping customers for many years on Wizzcash.com.”
What if I had a loan with Wizzcash?
If you had an active loan with Wizzcash at the time they stopped trading, you should have continued to make your repayments as normal.
Wizzcash states the following on their website:
“If you have an outstanding loan with Wizzcash.com, the loan will remain in place and will still be subject to the terms you have already agreed. You can continue to make the required repayments on your loan in the usual way and according to the Wizzcash.com Terms and Conditions.”
Can I still apply for a loan with Wizzcash?
As discussed, Wizzcash is no longer trading and is unable to consider applications for loans from both new and former customers.
The good news is that the 30+ lenders on the CashLady panel are still trading and considering loan applications. For your peace of mind, all our lending partners are authorised and regulated by the Financial Conduct Authority (FCA).
Search for a loan to suit your personal circumstances in just five minutes today.
CashLady Representative 79.5% APR
Searching for a Wizzcash loan alternative with CashLady: how does it work?
1. Our form can be completed entirely online in around 5 minutes, and you can access our website 24 hours a day, 7 days a week. You’ll just need to let us know how much money you need, and how long you’d like to borrow it for, as well as some key information about yourself, such as your employment and income details.
2. Next, it’s over to us to run a soft search on your financial history and scan our panel of lenders for a suitable loan. A soft search will not harm your credit score.
3. If we’re able to match you with a loan, we’ll redirect you to the lender’s website, where you can find out more and decide whether you’d like to make a full application.
4. If you’re happy to go ahead with the loan, the lender will carry out a creditworthiness assessment, which will include a hard search or an Open Banking check. Please note that a hard search will remain on your credit file for up to 12 months, and multiple hard searches in a short period of time will negatively affect your credit score.
5. Once the lender has completed their checks, they’ll let you know whether you’ve been approved for the loan.
The CashLady eligibility criteria
You’re welcome to use CashLady’s free credit broking service to search for a short-term loan if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account and a valid debit card; and
- Have a regular source of income paid into your bank account.
What if I have bad credit? Could I still search for a loan with CashLady?
If you’re looking for alternatives to Wizzcash loans, you can search with CashLady, even if you have bad credit.
CashLady is proud to work with a number of lenders who specialise in loans for people with bad credit.
It’s important to remember that having bad credit could limit your borrowing options, and it might not be possible to be approved for the amount of money that you need. It’s also worth noting that a bad credit loan could come with a higher rate of interest.
I’ve been approved for a loan; when will my money be sent?
The time it takes for your money to be paid out will depend on the lender. Some of the lenders on the CashLady panel could send your money on the same day your application is approved, although the time it takes for the money to become available in your account will depend on your bank’s policies and procedures.
What happens if I can’t afford to make my repayments?
Struggling to repay your loan? Please contact your lender as soon as you can. They will be able to share any options that may be available to you to help reduce the financial pressure.
Your lender will not judge you or your circumstances and will be keen to work with you to come up with a suitable solution that suits both you and them.
Get free financial advice
If you’d like to talk to someone about money or debt concerns, please reach out to StepChange, MoneyHelper, Citizens Advice, or National Debtline for free, impartial advice and support.