Wonga payday loans are considered as a smarter alternative to payday lending. However, be smarter with Swift Money today!
Wonga has become a trusted name when it comes to payday loans after the development of the WDFC UK limited in the year 2006. Wonga is basically the trading name of the WDFC UK limited. The company was established by investor and entrepreneur Jonty Hurwitz and Errol Damelin. Wonga instantly became the market leader in the UK payday loan industry. As per the states, Wonga has a market share of 30 to 40 percent in the UK payday loan industry. Even though Wonga operates in several different countries, the service is popular for its robust operations in the UK.
Wonga has certainly boosted online lending. It has offered borrowers real-time visual loan quotes, risk analysis programs for performing automatic credit checks along with much more like loan apps that make it easier for people to get loans online quicker.
Swift Money – A Better Alternative
Swift Money has innovation to offer. However, borrows still prefer to compare swift money with wonga payday loans. There has been a read-only access system where the customers can easily monitor their accounts closely. The system also enables automatic transfers which facilitate customers to avoid costly overdraft fees in case of unauthorized overdrafts.
Swift Money offers its customers with superior account management and flexibility than Wonga. The repayments can be taken automatically every month when you get paid and are in a much better position to comfortably make a payback.
Moreover, with Swift Money customers can make additional repayments anytime they way, even early, that gives an ideal opportunity to reduce the total amount of interest owned along with the overall cost of the loan.
The ARP Swift Money offers is very much lower compared to what Wonga has to offer and it also offers the feature to cap the total amount repayable so the borrower never has to accumulate the interest for more than 40 days even if they have not completed paying back their loan.
Compre Swift Money with Wonga Payday Loans
Emergencies occur when we least expect them and in most of the cases, you will not have sufficient funds to cope up with the instant expenses that arise. How do you cope during such times? It has now become very easy!
If you are looking for a quick payday loan, consider applying for a fast payday loan. Do not forget to compare swift money with wonga payday loans, as it will allow you to make a wise and informed decision and get hold of cash in a few minutes to cater all your financial emergencies.