Yes – every application we get is credit examined. As being a lender that is responsible always be certain you meet our financing criteria and conduct credit and affordability checks for every loan.
Can I determine if i am authorized with no credit search?
No вЂ“ a credit search is important to help us which will make a decision in your application, here find out why. All applications are at the mercy of a credit check and affordability evaluation.
Am I qualified to receive a Dot Dot Loan?
Eligibility depends on your individual circumstances, but to use you should be:
Over 18 years old (over 21 for long-lasting loans)
To accomplish the job, you will require:
Valid email and mobile quantity
Residence address details
Bank debit and account card details
Will I need certainly to send in just about any paperwork?
In a few full situations we might 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 revenue and expenditure to aid guarantee any loan offer is affordable.
I’ve a bad credit rating, am I able to get that loan?
We make our choices for a full case by situation basis. We do not expect visitors to have credit that is perfect so we take various requirements under consideration when it comes to a credit card applicatoin 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 provide you with that loan, as your application didn’t satisfy our financing requirements. Should your circumstances alter, you are welcome to re-apply after thirty days.
Can I get a loan if i really do perhaps maybe not obtain personal home?
You should not be described as a true home owner to have that loan from Dot Dot. We conduct credit checks and bring your expenditure and income under consideration and base our choice about this.
What is the essential difference between a direct lender and an agent?
Dot Dot Loans is an immediate loan provider вЂ“ what this means is us and, if approved, we’ll send the funds straight to your bank account that you can apply directly to. Rather than lend you the income on their own, a brokerage passes your information on to parties that are third might be able to give you a loan that fits your needs.
Why have actually I been asked to submit supporting papers?
Sometimes we want additional documents to simply help us to create our financing choices. For instance, we possibly may require some information that is further help your reported earnings and spending or could need you to definitely deliver us proof your ID. We constantly make an effort to keep these demands to the very least.
Exactly exactly What do i really do if I do not get my loan?
Contact us on 0333 240 6215 so we’ll take a good look at the issue for you personally.
I will be a current client , am I able to submit an application for another loan?
As a current customer, you may well be entitled to sign up for a unique loan with us once you’ve paid back your existing one. This is simply not a warranty, nevertheless, and exactly how much perhaps you are in a position to borrow being a existing client depends in your specific circumstances. To try to get a brand new loan, just log on to the Dot Dot client portal to begin the job. Please usually do not use directly 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 exactly is Open Banking?
Open Banking is a straightforward and protected option to provide us with use 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.
Why do Dot Dot Loans utilize Open Banking?
We use information provided through Open Banking as an element of our credit and affordability checks, to make certain that we could make financing decisions on applications for example of y our long-lasting loans (18 to 48 months). The solution we request you to consent to whenever obtaining a long-term loan allows us to see the details that appears on your own bank statements and it is a paper-free means of sharing your revenue and spending information with us in order for we could thoroughly and fairly assess whether you are able to manage to just take a loan out. It also eliminates the necessity for one to deliver bank statements, payslips or other income and expenditure-related information to us. You will have to consent to this solution to help you to finish the job as webpage well as for us in order to produce a financing choice.
How does Open Banking work?
It really is as easy as signing to your online banking. Through the application weвЂ™ll redirect you to definitely consents.online, who can request you to provide very first and final name, email and telephone number. YouвЂ™ll then be asked to choose which bank/building society you own your present account with, before being asked for the permission to get into your statement information and share it with us. As soon as youвЂ™ve agreed, a protected, encrypted connection will likely to be fashioned with 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 society will likely then request you to make sure you want to share consents.online to your account information before this really is passed in their mind, who can then share it with us.
That is consents.online?
Consents.online are really a FCA-regulated username and passwords Service company (AISP). Consents.online offer a fast, effortless and way that is secure offer your economic information utilizing Open Banking.
As well as assisting you share your computer data in a safe and protected method, consents.online additionally give you usage of a free of charge 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 choose to revoke access, it will imply that consents.online and anybody you formerly consented in their mind sharing your details with, including us, will not have the ability 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 talk about important computer data consents which are making use of, you’re always in control. It is possible to determine what information may be accessed as well as just how long. No body gets access unless you state therefore.
Is consents.online managed?
Yes, consents.online are controlled by the FCA and must stick to data security legislation. To see their qualifications click on this link.
How can consents.online interact with my bank?
Consents.online will hook up to your 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 really is extremely protected and provides just what exactly is necessary and nothing more. Consents.online makes a request through the API, your bank reacts to it by packaging information up, encrypting it and giving straight straight back – nevertheless the distance amongst the two is obviously maintained.