Yes – every application we get is credit examined. Being a accountable loan provider we always be certain you meet our financing requirements and conduct credit and affordability checks for every loan.
May I determine if i have been authorized without having a credit search?
No вЂ“ a credit search is essential to help us to produce a choice on the application, learn why here. All applications are susceptible to a credit affordability and check evaluation.
Am I qualified to receive a Dot Dot Loan?
Eligibility depends on your individual circumstances, but to put on you should be:
Over 18 years old (over 21 for long-lasting loans)
To perform the job, you will also require:
Valid email and mobile quantity
Residence target details
Bank debit and account card details
Can I need certainly to send in almost any paperwork?
In a few cases we might ask you for additional supporting papers.
Why should you confirm my earnings?
Because we are a lender that is responsible we constantly verify your revenue and spending to assist guarantee any loan offer is affordable.
I’ve a credit that is bad, am I able to get that loan?
We make our decisions for situation by situation basis. We do not expect visitors to have perfect credit rating therefore we take different requirements under consideration when it comes to a software in purchase to produce lending decision.
What are the results if my application is declined?
This implies at this juncture we have been not able to provide you with financing, as the application would not fulfill our financing requirements. In the event your circumstances alter, you are welcome to re-apply after thirty days.
Can a loan is got by me if i really do perhaps perhaps not obtain my personal house?
You should not be described as a true property owner to have that loan from Dot Dot. We conduct credit checks and bring your expenditure and income into consideration and base our choice with this https://www.speedyloan.net/uk/payday-loans-cam.
What is the essential difference between a direct loan provider and a broker?
Dot Dot Loans is an immediate lender 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 provide you the cash by themselves, an agent passes your information on to parties that are third could possibly provide you with that loan that suits your needs.
Why have we been expected to send in supporting papers?
Sometimes we are in need of additional documents to aid us in order to make our financing choices. As an example, we might require some more information to support your stated earnings and spending or could need one to deliver us evidence of your ID. We constantly attempt to keep these needs to the very least.
Exactly exactly What do i really do if I do not get my loan?
Contact us on 0333 240 6215 and then we’ll take a good look at the problem for you personally.
I’m a current consumer , am I able to submit an application for another loan?
As a current client, perhaps you are entitled to remove an innovative new loan you have repaid your existing one with us once. It is not a warranty, nevertheless, and simply how much perhaps you are in a position to borrow as a current client depends on the specific circumstances. To try to get a brand new loan, merely log on to the Dot Dot consumer portal to begin the application. Please try not to use straight through the website, as any current clients trying to get a further loan in in this way will immediately be declined. You can register here if you havenвЂ™t yet registered for the Dot Dot customer portal.
What’s Open Banking?
Open Banking is a straightforward and way that is secure provide us with usage of your monetary information through username and passwords Service Providers (AISPs). Open Banking and AISPs are managed by the Financial Conduct Authority (FCA) and must abide by data security legislation.
How come Dot Dot Loans use Open Banking?
We utilize information offered through Open Banking as an element of our credit and affordability checks, to ensure we could make financing decisions on applications for example of our loans that are long-term18 to 48 months). The solution we request you to consent to whenever trying to get a long-lasting loan permits us to view the info that seems on the bank statements and it is a paper-free means of sharing your earnings and spending information with us in order for we could thoroughly and fairly assess whether you really can afford to just take down that loan. In addition it eliminates the need for one to deliver bank statements, payslips or other earnings and expenditure-related information to us. It is important to consent to this service in order to perform the application as well as for us in order in order to make a lending decision.
How does Open Banking work?
It is as easy as logging into the online banking. Throughout the application weвЂ™ll redirect you to definitely consents.online, who can request you to offer very first and name that is last email address and contact number. YouвЂ™ll then be expected to select which bank/building society you own your account that is current with before being expected for your consent to get into your declaration information and share it with us. As soon as youвЂ™ve agreed, a secure, encrypted connection will likely be created using your bank/building culture and youвЂ™ll be expected to authenticate your self within the same manner as you log on to online banking. Your bank/building society will likely then request you to concur that you may like to share consents.online to your account information before that is passed away in their mind, that will then share it with us.
Consents.online are a Account that is FCA-regulated Information company (AISP). Consents.online offer a fast, simple and safe solution to offer your monetary information making use of Open Banking.
As well as assisting you to share your computer data in a safe and protected method, consents.online additionally give you usage of a free of charge portal (available on the internet and via a software in the event that you consent to this choice through your application) where you are able to see what you have shared, control and revoke usage of important computer data at anytime. If you undertake to revoke access, it shall imply that consents.online and anybody you formerly consented for them sharing your data with, including us, will not manage to view your account information, unless they truly are necessary to keep it for legal reasons.
Is consents.online safe?
Consents.online utilizes rigorously tested computer software and safety systems. By agreeing to generally share important computer data consents which are making use of, you are constantly in control. You are able to determine what information may be accessed as well as for just how long. No body gets access unless 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 qualifications follow this link.
So how exactly does consents.online relate solely to my bank?
Consents.online will connect with your bank account Open Banking that is directly using APIs. An API – or Application Programming Interface – is an application intermediary which allows two applications to securely speak with one another. It as secure packages of data being transferred between two places when it comes to Open Banking, think of. It is exceedingly safe and provides just what exactly is necessary and nothing more. Consents.online makes a demand through the API, your bank reacts to it by packaging information up, encrypting it and giving straight straight back – nevertheless the distance involving the two is obviously maintained.