Red Wallet are brand new payday loan lenders based in the UK and offer loans of up to £400 for first time customers which is generous in comparison to some other lenders
Red Wallet have a very user friendly and clear website, giving you the cost of your loan and the repayment information upfront so you always know where you stand. The fact that they have absolutely no hidden charges – including no faster payment/tranfer fees means you will get more for your money from Red Wallet than some others that charge high same day transfer fees.
They have competitive interest rates and also offer customers the ability to manage accounts online so you will always be in control of your payday loan. If your loan is approved before 5pm, you’ll get your money the very same day.
Here’s the essential information:
- Consumer Credit License
- APR %
- Contact Details
- Faster Payment Fee
- Min & Max Loan Terms
- Max Loan for 1st Time Customers
- Weekend Funding
- Rollover & Extension Options
- Online Account Management
- Credit Checks
- Apply via Mobile/SMS
- Minimum Income
- Minimum Age
- Other Criteria
Red Wallet are a great choice of lender if you are looking for a larger initial payday loan. We really like the setup at Red Wallet and the fact there are no charges involved in transferring your money make them a great payday loan lender.
Here’s our quick review:
If you would like to know more about how we score and review our Payday Loan Lenders, please click here: Reviews – How they are put together
It is extremely important that you understand the risks of using Payday Loans. We want to ensure that you are fully aware of the commitment you are making and the consequences of non-payment. We have put together a series of articles we strongly recommend you read prior to applying for a Payday Loan. Please see this list below: