Red Wallet Loans @ www.redwallet.com

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Red Wallet is a payday lender based in Malton that launched recently in late 2012 at www.redwallet.com. Their site design will catch your eye when you initially reach them that has been done to an excellent standard. The Red Wallet loans range from £100 to £400 although there is a note that as a new customer you may see a restriction to the amount of credit granted. These monthly payday loans are set at £29 on every £100 borrowed and there is no further fee for their fast transfer. When just checking the site just now I noticed that they had a £10 cashback offer in place based on £100 borrowed (enter RWL10).

Cashback will be only be granted should you pay back on time, but what this does is cut down your costs from £29 to just £19 per £100 borrowed (for new customers). There is a Red Wallet login (My Wallet Login) at www.redwallet.com and this is a fully secure site. This lender has took on trade association membership with the CCTA trade association. An issue at hand would be that they do state in their FAQ that they may have to contact your employer and their loans are also only funded between Monday and Friday. The cashback scheme is certainly notable though and this makes Red Wallet an attractive payday lender to give a try.

Red Wallet Monthly Loans: Charges per £100…

£29 (29%) = 0.967% daily

Costs with Cashback Bonus:

£19 (19%) = 0.633% daily.

Red Wallet Loans