Can I be credit examined whenever I use?
Yes – every application we get is credit checked. 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 have been authorized with no credit search?
No – a credit search is important to enable us in order to make a choice on your own application, here find out why. All applications are susceptible to a credit affordability and check evaluation.
Am I entitled to a Dot Dot Loan?
Eligibility depends on your personal circumstances, but to make use of you have to be:
Over 18 years old (over 21 for long-lasting loans)
To accomplish the application, you will also require:
Valid email and number that is mobile
Home target details
Bank account and debit card details
Can I want to send in virtually any paperwork?
In certain full instances we possibly may ask you to answer for additional supporting papers.
Why must you validate my earnings?
Because we are a lender that is responsible we always verify your income and spending to greatly help guarantee any loan offer is affordable.
I’ve a credit payday loans Buckinghamshire that is bad, could I get a loan?
We make our decisions on instance by situation foundation. We don’t expect visitors to have credit that is perfect therefore we just take different requirements into consideration when contemplating a software so as to make financing choice.
What the results are if my application is declined?
What this means is at this juncture we have been struggling to give you that loan, as your application would not satisfy our financing requirements. When 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 home?
You should not be considered a true house owner to obtain that loan from Dot Dot. We conduct credit checks and bring your expenditure and income under consideration and base our choice with this.
What is the essential difference between a direct lender and an agent?
Dot Dot Loans is a primary loan provider – what this means is 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 income on their own, an agent passes your information on to 3rd events who might be able to provide you with that loan that matches your needs.
Why have actually we been expected to send in supporting documents?
Sometimes we truly need additional documents to aid us to produce our lending choices. For instance, we might need some more information to support your reported earnings and spending or could need one to deliver us evidence of 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 get my loan?
Call us on 0333 240 6215 and now we’ll take a good look at the presssing problem for you personally.
I will be a customer that is existing could I make an application for another loan?
As a current client, you might be entitled to sign up for a fresh loan you have repaid your existing one with us once. This is simply not a warranty, nonetheless, and just how much you are able to borrow as a customer that is existing on your own specific circumstances. To try to get a brand new loan, merely get on the Dot Dot client portal to start out the application. Please usually do not use directly through the website, as any current clients obtaining a loan that is further because of this will automatically be declined. When you yourself haven’t yet registered for the Dot Dot consumer portal, you are able to register right here.
What’s Open Banking?
Open Banking is a straightforward and protected solution to provide us with use of your monetary information through Account Information Service Providers (AISPs). Open Banking and AISPs are managed because of the Financial Conduct Authority (FCA) and must stick to data security legislation.
How come Dot Dot Loans utilize Open Banking?
We use information offered 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 example of our loans that are long-term18 to 48 months). The solution we request you to accept whenever obtaining a long-term loan permits us to view the info that appears on the bank statements and it is a paper-free means of sharing your revenue and spending information with us to make certain that we could completely and fairly assess whether you really can afford to just just take down that loan. Moreover it removes the necessity for you to definitely deliver bank statements, payslips or any other earnings and information that is expenditure-related us. You need to accept this solution in order to accomplish the job as well as for us in order which will make a lending decision.
How does Open Banking work?
It’s as easy as signing into the online banking. Through the application we’ll redirect you to definitely consents.online, who can request you to provide very first and name that is last current email address and contact number. You’ll then be expected to choose which bank/building culture you possess your present account with, before being expected for the permission to access your statement information and share it with us. When you’ve agreed, a secure, encrypted connection are going to be made out of your bank/building culture and you’ll be asked to authenticate your self within the way that is same you log on to online banking. Your bank/building culture will likely then request you to confirm that you may like to share consents.online to your account information before this really is passed away in their mind, that will then share it with us.
That is consents.online?
Consents.online really are a FCA-regulated username and passwords Service company (AISP). Consents.online offer a fast, simple and safe method to provide your monetary information making use of Open Banking.
As well as assisting you share important computer data in a safe and way that is secure consents.online also offer you usage of a free portal (available online and via an app 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 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 see your account information, by law unless they are required to store it.
Is consents.online safe?
Consents.online Uses rigorously tested security and software systems. By agreeing to share with you your computer data making use of consents.online, you are constantly in control. You can easily decide what information could be accessed as well as for the length of time. Nobody gets access until you state so.
Is consents.online controlled?
Yes, consents.online are managed by the FCA and must stay glued to data security legislation. To see their credentials click on this link.
How exactly does consents.online connect to my bank?
Consents.online will connect with 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 with one another. It as secure packages of data being transferred between two places when it comes to Open Banking, think of. It really is incredibly safe and provides just what exactly is 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 straight back – nevertheless the distance between your two is obviously maintained.