APR: 1265% Representative
Loan amount: £300 - £1,000
Repayment duration: 1 - 3 Months
OPTIOSCORE 41.6/100 
Time to apply: 01m 10s
Wizz Cash customer reviews

4 out of 5 from 3 customer reviews

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Provider last seen: 12:54pm 17/3/2017
Product data last updated: 3:48pm 16/6/2017
Customer questions answered: 0
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Representative Example: If you borrow £300 over 3 months at a Representative rate of 1,265.0% APR and an annual interest rate of 292.00% (fixed), you would pay 3 monthly instalments of £151.42. The total charge for credit will be £154.26 and the total amount payable will be £454.26.

Wizz Cash customer reviews

4 out of 5 from 3 reviews

Lackluster experience

21:22 09-05-2017

via Smart Money People

Initially I thought that Wizzcash was just what I needed, but then the interest turned out to be higher than expected. Moreover, the staff were difficult to liaise with and the website proved impenetrable. I lost one of the codes needed to get in; I didn't want to sign up to a direct debit, I couldn't log on without a mobile code and the staff simply couldn't help me access my account.

Bethany Churchard

My top 4 brilliant loan companies

19:35 30-04-2017

via Smart Money People

Wizzcash, cashasap, quickquid and wonga are the top and quickest companies out there they will not let you down I've been using them each month when I need a quick loan and they have never let me down...quick and money is in your account no more than 1 hour tops. Thank me later

James cordingley

Quick and easy

16:32 03-04-2017

via Smart Money People

Fast decision helpful and kept well informed.

Kevin

Our review of Wizz Cash

Our review by Mark
Written by: Mark
Simplicity
44.4
Features
54
Consumer sentiment
28.2

Total OPTIOSCORE
41.6/100

Wizz Cash, founded in 2012, are a high-cost short-term lender based in London. They offer high-cost short-term loans of up to £1000 over a 3 month instalment plan. Their aim is to solve emergency cash flow needs with a short-term affordable solution.

Similarly priced to the majority of high-cost short-term lenders, Wizz Cash are capped at charging 0.8% interest per day of borrowing. Claiming to be a fast paced company, they state that the application process is straightforward and that, if approved, the money could be in your account in 60 minutes. It’s worth noting that Wizzcash will also not charge any additional fee for paying your loan back early, so if you can afford to do it, it’s worth doing.  

There aren’t many reviews online for Wizz Cash, however, the few that are around tend to be positive, claiming the company to be fast and helpful. The payment into your account within 60 minutes was an obvious bonus to some of their customers. Their website is laid out in an easy and clear to use fashion, with plenty of information about their product as well as short-term loans in general.

If you're considering taking out a Wizz Cash loan, the usual high-cost short-term loan health warning applies: make sure you can afford the repayments before you apply. Although Wizz Cash do not charge for missed or late payments, it will impact your credit file and make your financial life more difficult in the future. If you find yourself struggling to make your repayments make sure you let WizzCash know as they may be able to put you on a repayment plan to help out.

Overall verdict: Due to the lack of reviews on the internet about Wizz Cash, it seems that they are still a fairly unknown in the marketplace. Like all high-cost short-term loans, it is worth comparing your options and remember to make sure are able to make your repayments before you apply.

Highlights

  • No early repayment fees
  • Equal monthly repayments, so you always know how much you are paying back
  • 7 days a week applications accepted

Minimum criteria

  • You must have a minimum income of £750 per month
  • You must be employed
  • You must have a UK mobile number
  • If you miss a payment you may have to pay a £15 late payment fee

Fees

  • Maximum APR 1265%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

Wizz Cash Customer Question & Answers

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About Wizz Cash

Wizz Cash are a short-term lender that have been lending to customers since 2012. First-time lenders can borrow up to £300, however, returning customers can borrow anything up to £1,000 over a 3 month borrowing period. A company driven by a commitment to responsible lending, they like to keep things straightforward. If your application is successful, you will receive your money in one lump sum and repay the loan over 3 months in equal monthly instalments.

Wizz Cash will not continually extend a growing line of credit, and they do not charge you any fees for repaying your loan early and advertise having no hidden fees with their loans. As with all lenders, they undertake a number of credit checks to ensure the sustainability of their candidates and they’ll only approve a loan if they’re confident you can meet the monthly repayments. Their minimum criteria are that you’re 18 or over, a UK resident and in current employment and take home a minimum of £750 a month.

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Provider last seen: 12:54pm 17/3/2017
Product data last updated: 3:48pm 16/6/2017