Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk Loanski is an authorised credit broker not a lender

    Choose Wisely Loans Alternative

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Choose Loan Amount

    Credit score not affected*

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    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Choose Loan Amount

    Credit score not affected*

    Loading

    Rates from 45.3% APR to 1575% APR Minimum Loan Term is 1 months - Maximum Loan Term is 60 months. Representative Example: Borrow £1000 for 24 months. Annual interest rate 70% (fixed). 24 equal instalments of £77.48. Total amount to repay £1,859.52. Representative 97% APR (variable).
    *Subject to application being approved by the lender. Not all lenders are able to provide up to £10,000

    Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

    Loans from £100 to £10,000

    • 1 month to 5 years
    • 100% online application
    • All credit scores welcome to apply
    • Paid out in as fast as 10 minutes^

     

    Secure SSL connection

    Your application is sent over a secure encrypted network

    REPRESENTATIVE 97% APR

    Loanski offers competitive interest rates compared to some lenders across the market.

    Installment Options

    Customize your loan term from 1 month to 60 months putting you in control of your payment plan.

    Fast Payouts

    You can expect fast payouts sometimes within 10 minutes^

    Company Number: 

    07580462

    Company Name:

    Choose Wisely is a trading style of Choose Wisely Limited

    Date firm started up business:

    28 March 2011

    Type of Business: 

    62012 – Business and domestic software development

    Choose Wisely offers the following:

    £300 to £25,000

     

    Loan term length:

    3 months to 60 months

    Head Office Address:

    Telephone House,
    18 Christchurch Road,
    Bournemouth,
    England,
    United Kingdom
    BH1 3NE

    FCA Status: Authorised

    Choose Wisely is authorised and regulated by the Financial Conduct Authority (FCA)

    Payout Time:

    Payout time will vary depending on the lender you choose to take your loan with. Each lender will have their own payout times, the amount of money you apply for can also affect this. Larger and long term loans can take a couple of days sometimes because they may need more security checks.

    Choose Wisely Review

    Choose Wisely is a comparison site that compares most money related sites along with utility bills.

    Their mission is to save customers both time and money by doing all the hard work and researching the best companies for them.

    They are the UK’S 7th largest comparison site which was set up in 2013 by Marc Biles and Tara Flynn. Between them, both Marc and Tara have over 27 years of experience within the financial industry.

    One of their aims if to become one of the UK’s leading Fintech sites.

    Choose wisely compares loans, bank accounts, credit cards, prepaid cards and also energy.

    Customers can stop spending hours upon the hours of research online and allow choose wisely to do all of the hard work for them.

    Their service is completely free for customers and Choose Wisely will only take a commission directly from the company once the product choosen is finalised.

    How the company works:

    If you would like to take advantage of Choose Wisely’s fantastic benefits then all you need to do is select the product you are searching for and apply online.

    If it is a loan you are searching for then you can also take advantage of their ‘check eligibility’ section and see if you will be accepted before you apply.

    This feature is fantastic because it gives you an indication of what the outcome will be without it damaging your credit score.

    Too many rejected credit applications can affect your credit score negatively, which can prevent you from being accepted on other potential applications.

    Once you have applied online for your loan you will be given a list of companies that are most likely to accept you for a loan. You can compare each lender from the list and decide which company looks the best for you. All of your information from your application form with Choose Wisely will be carried over to your lender to save you time entering information again.

    If you are accepted then you will be able to sign your form electronically and should receive your loan the very same day, directly into your bank account.

    Repayment method:

    Repayment method will vary dependent on your lender. The two main forms of repayment are CPA (Continous Payment Authority) and direct debit. Both of these are automatic payments, direct debit is taken directly from your bank and CPA directly from your bank card similar to a payment transaction.

    Your lender may also offer alternative ways to pay such as bank transfer, or online payment. However, these are not normally taken automatically so you will need to remember to make the repayments yourself.

     

    Do I need a bank account?

    Yes, for any online loan application you will need a bank account and debit card to be able to apply. Your bank account will be used to confirm your identity along with performing the relevant credit checks.

    It will also be used to provide you with your loan and to take your repayments.

     

    To be eligible to apply for a loan you must fit the following criteria: 

    Age

    The minimum required age to apply for a loan through Choose Wisely is 18 years of age.

     

    Address information

    All applicants must be residents of the United Kingdom to be able to apply for credit.

    3 years worth of proof of address must be supplied when completing their application form, which must also be within the UK.

     

    ID and Income

    Most lenders will require information about your income. Some lenders will have a minimum income requirement and some are more relaxed and will accept pensions and benefits.

    When you enter your information with Choose Wisely you will normally only be matched with lenders who will accept you.

    The majority of lenders will also require an expenditure form. This is to ensure that you will be able to afford your loan repayments and they won’t be putting you into any financial difficulty by lending you money.

    On the expenditure form, you can include information on your monthly outgoings and include bills you pay each month. Remember to include things such as rent & mortgage payments, utility bills, credit cards, existing loans, childcare fees, car payments and grocery bills.

     

     

    Penalties

    There will normally be penalties if you can not make your loan repayments on time. Some lenders do not charge anything at all and will just refer your account to debt collectors if you continue to miss payments.

    Some lenders will charge fees and extra interest. Always ensure that when you sign your credit agreement that you are fully aware of your lender’s penalty policy.

     

    Reviews

    Choose Wisely has a great review score on Trustpilot of 4 stars out of 5.

    Customers were very happy with the service they received from Choose Wisely and were able to get matched with lenders easily using their service.

    Recently some reviews have been rated as ‘bad’ with customers complaining they were charged a subscription fee to use Choose Wisely. However, Choose Wisely is a completely free service with no subscription fee. If you are asked for money then you be on a scam website.