WageMe Bad Credit Review, Fees and Alternatives


WageMe Bad Credit is an online lender in the UK that mainly offers direct loans to help you through that next paycheck. According to WageMe reviews, it is one of the best short-term loan providers in the UK.

But what exactly does WageMe offer? Is it the right option for you?

What is WageMe?

WageMe is an online finance company and direct lender based in London. It has been around since 2012.

This lender offers a flexible service, where borrowers can choose their payment amount and date, and is completely transparent about, among other things, interest rates, contingent fees and total costs to be repaid.

What kind of loans does WageMe offer?

  • Payday loans
  • Bad credit loans
  • Emergency loans
  • Small loans
  • Cash loans
  • Bridging loans

How do WageMe loans work?

The WageMe application process is completely online. It does not require borrowers to handle paperwork or attend meetings. This lender only lends to those who can repay the loan quickly and as such has a stricter acceptance rate.


Worth noting: most WageMe loans are designed to help borrowers through to their next paycheck. If you are looking for a provider that offers quick loans with longer maturities, you may want to consider Day Loans or Koyo Loans.

How to apply?

Applying for a WageMe loan:

  • Go to the WageMe website.
  • Choose a loan amount, term and purpose.
  • Fill in your details, financial details (income and expenses) and bank details.
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WageMe will perform a credit and affordability check and give you a decision on your loan application within 30-90 seconds. If approved, you will usually receive the money in your account the same day.

Alternatives to WageMe:

  • Tappily Loans
  • LoanPig
  • loanable
  • QuidMarket
  • finance ourselves

WageMe Bad Credit Qualification

To be eligible for a WageMe Bad Credit you must:

  • Be a resident of the UK.
  • Have a valid UK bank account.
  • Be at least 18 years old.
  • Have a regular income of at least €600.
  • Please provide a valid email address.
  • A credit score is verified, although you do not need a perfect credit score to apply.

WageMe Withdrawal: How does the refund work?

WageMe collects payments directly from borrowers’ bank accounts on the date specified in the agreement. Borrowers can also repay the money early and possibly save interest, depending on how much they have repaid at the time.


Most important features of WageMe Bad Credit:

This is what WageMe has to offer.

Flexible/early repayment

Borrowers can choose between loan terms from 1 to more than 18 months. The minimum repayment term of a loan is 90 days and the maximum term is 3 years.

With WageMe they can also determine the date on which they want to pay.

If you want to repay your loan early, you can save interest. Like CASH4UNOW and Dot Dot Loans, WageMe does not charge an early repayment fee.


WageMe has a fair system through which it lends money to people. Applicants can apply for as little as £50 or up to £750. For the first time, applicants are allowed to borrow as little as £400. Returning applicants can apply for a full loan of £750 after the trust has been established. Loans are due in the next pay period after the person borrows the money. However, borrowers can have up to 30 days to pay a cash advance. The rates are clear and reliable. A small loan of £50 yields £12 in interest and the borrower must repay £62. A loan of £570 has an interest payment of £180 and the borrower would have to repay £930.

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WageMe Bad Credit loans

WageMe doesn’t just reject applicants based on low credit scores or poor credit history.


The lender considers factors such as budget and financial conditions, housing status, and other information.

Worth noting: if you have bad credit, getting a credit-building loan from a direct UK lender may help.

Short-term loans (in instalments and payday)

WageMe short-term loans range from £50 to £5,000. Borrowers can get short-term loans for periods of 6 to 35 days, instalment loans for 1 to 12 months, and payday loans for 1 to 31 days.

Bridging Loans

WageMe bridging loans are available from £30,000 to £2,000,000 over 3-4 weeks to 3-4 years. The amount and term of the loan are determined on a case-by-case basis. Bridging loans can be useful if you are trying to cover the cost of buying a new home before selling your old one.

Quick First Decision

The WageMe application process is quick and easy, and the lender gives applicants an initial decision minutes after they complete the application form.

WageMe Bad Credit Interest

The amount you pay in interest and the total amount to be repaid will depend on your financial circumstances, budget, credit history and other factors.

For example, if you borrow £1,200 over 18 months at £90.46 per month, you will pay an interest rate of 49.9% per annum (for a total of £428.28) and a total repayable amount of £1,628. £0.28.

APR rates range from 45.3% to 1721% APR.

The representative APR is 49.9%, one of the lowest on the market right now.

WageMe Fees

If you are unable to pay WageMe on your chosen date, a WageMe advisor will contact you to resolve the issue. If you miss multiple payments, you could be fined up to £15.

Missed payments are reported and will affect your credit score.

WageMe Bad Credit Customer service

To contact the WageMe customer support team:

  • Phone: 0207 993 0742
  • Fax: 0207 681 1681
  • Application form via the website.
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WageMe loan reviews

WageMe has a 4.7-star rating on Trustpilot. Customers say their website is easy to use and praise their quick application process.

‘Fast application, excellent service, would recommend and use again’ – Miss Byers.

‘Very satisfied with the fast and efficient service. I would recommend them to anyone. – Mr. wakefield.

“Fast and efficient, I didn’t even have to talk to anyone.” – Mr Sandrone.

“Easy to use. I had a problem with one thing so I emailed customer service and they were very responsive and resolved the issue quickly. Very happy with the service. Highly recommend.” – Mr Tattum.

“Wageme has been great from my first loan agreement until I got a new loan. Very helpful customer service, who responded to my email inquiries almost immediately! I would highly recommend it! Good service and competitive rates! – Mrs Rudden.

Do you also have a day when everything goes wrong? The car has to go to the garage to have it repaired. Well, at Wageme.com everything went well. I filled out the simple form and within 30 minutes the money was in my account. I would use this service again. Thank you Wageme. ‘ – Alan.

Is WageMe Legitimate?

WageMe is a trading name of Wageme.com Ltd., which is regulated and fully licensed by the Financial Conduct Authority. The lender has a wide range of loans, allows prepayment and is an excellent option for those looking for short-term loans.

Frequently Asked Questions – WageMe Bad Credit Review

Is WageMe a direct lender?

Wageme is a direct lender. Potential borrowers can apply for loans on their website and if approved, the lender will transfer funds directly to their bank accounts.

How quickly will I receive the money?

Most customers get their money deposited into their bank account the same day their application is approved. Some banks may take 24-48 hours to clear the money.

If my credit history is bad, can I still be approved?

WageMe approves or rejects applicants based on a variety of factors, but would not reject an applicant just because of poor credit history. According to some WageMe reviews, the lender has accepted applications from people with bad credit scores.