Payday loan company Wageday Advance are taking payday lending to the next level by announcing their unique preferred employers list.
After several months of testing, Wageday Advance has now launched an automatic loan acceptance system for employees of over 8000 different companies. They are now making instant automated loan decisions, without the need to carry our credit checks, for applicants that are employed by any of the companies listed as a preferred employer. This removes the need for any manual checks resulting in an instant decision once a customer has applied for a loan.
Who’s on the preferred employee list?
There over 8000 preferred employers at present ranging from public companies such as EON PLC, airlines, insurance companies, local councils, supermarkets, the armed services, banks and building societies, the health service and many more covering virtually every type of employer and the list keeps growing as Wageday Advance collate data on the payment profiles of existing customers taking out payday loans.
There are far too many companies to list here so we’ve compiled a full list of preferred employees that can be found on our website.
Will this make it easier to get a payday loan?
If you work for one of the companies on the preferred employee list, you should have a very good chance of getting accepted for a payday loan, without the need to go through credit checks and other measures.
Data from customers that have already taken out a loan has been analysed and employees of the companies that are listed on the preferred employee list are more likely to repay their loans on time, resulting in a far higher acceptance rate for employees of these companies.
What this effectively means is that loans will be automatically approved as long as you work for a preferred employer, meaning that you can get access to a payday loan very quickly in the event that you have an unforeseen financial shortfall that needs covering before your next payday.
If you are an employee of one of the companies listed on the Preferred Employee list you can apply here for a payday loan and you should get a decision almost straight away.
To find out if your employer is a Wageday Advance Preferred Employer, click here for a full up to date list of employers.