{"id":112,"date":"2020-01-23T03:15:35","date_gmt":"2020-01-23T03:15:35","guid":{"rendered":"https:\/\/learnbonds.com\/?page_id=146267"},"modified":"2024-04-29T11:02:01","modified_gmt":"2024-04-29T11:02:01","slug":"loans-bingo-loans-review","status":"publish","type":"page","link":"https:\/\/learnbonds.com\/uk\/payday-loans\/bingo-loans-review","title":{"rendered":"Bingo Loans Loan Review 2021 &#8211; All Credit Histories Considered!"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignright wp-image-146277 size-full\" src=\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/08\/bingo.jpg\" alt=\"Bingo Loans lending company logo\" width=\"225\" height=\"225\" \/>Finding the right short-term lender to get you out of a financial rut can be a tricky process. There are lots of quality and sub-par lenders out there, each one offering different terms.<\/p>\n<p>Bingo Loans is one such lender, but is it the right lender for you? We have undertaken a comprehensive review of the platform to let you know everything you need to know.<\/p>\n<p>So before signing up for a <a href=\"https:\/\/learnbonds.com\/loans\">loan<\/a> on the site, take a few moments to find out how it works and if there are any benefits and downsides to borrowing from them.<\/p>\n<div data-accordeon class=\"toc-block\">\n  <div data-accordeon-item>\n    <div data-accordeon-title class=\"toc-title-wrapper\">\n      <div type=\"button\" class=\"toc-btn toc-btn_main\">\n          <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#fff\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/div>\n      <span class=\"toc-title\">\n        In This Guide      <\/span>\n    <\/div>\n      <ul data-accordeon-content class=\"toc-list\" style=\"display: none;\">\n          <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_bingo_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is Bingo Loans?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#pros_and_cons_of_a_bingo_loans_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Pros and Cons of a Bingo Loans Loan<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#how_does_a_bingo_loans_loan_work\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">How does a Bingo Loans loan work?<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-how_does_a_bingo_loans_loan_work\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#fees_and_cost\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Fees and cost<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#credit_check\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Credit check<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_are_payday_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What are payday loans?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#bingo_loans_account_creation_and_borrowing_process\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Bingo Loans Account Creation and Borrowing Process<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#eligibility_criteria_for_bingo_loans_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Eligibility Criteria for Bingo Loans Loan<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#information_borrowers_need_to_provide_to_get_bingo_loans_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Information Borrowers Need to Provide to Get Bingo Loans Loan<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_are_bingo_loans_loan_borrowing_costs\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What are Bingo Loans loan borrowing costs?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#bingo_loans_customer_support\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Bingo Loans Customer Support<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#is_it_safe_to_borrow_from_bingo_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Is it safe to borrow from Bingo Loans?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#bingo_loans_review_verdict\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Bingo Loans Review Verdict<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#glossary_of_loaning_terms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Glossary of loaning Terms<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#faq\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">FAQ<\/a>\n\n        <\/div>\n\n    <\/li>      <\/ul>\n  <\/div>\n    <ul data-accordeon-content class=\"toc-list\" style=\"display: none;\">\n        <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_is_bingo_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What is Bingo Loans?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#pros_and_cons_of_a_bingo_loans_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Pros and Cons of a Bingo Loans Loan<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item subList-in-progress\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#how_does_a_bingo_loans_loan_work\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">How does a Bingo Loans loan work?<\/a>\n\n          <button data-accordeon-title class=\"toc-btn\" type=\"button\">\n        <svg width=\"12\" height=\"6\" viewBox=\"0 0 14 8\" class=\"icon\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\">\n    <path d=\"M1 1L7 7L13 1\" stroke=\"#060606\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\n<\/svg>\n          <\/button>\n        <\/div>\n\n      <ol data-accordeon-content class=\"StepProgress-sub-list\" style=\"display: none;\" id=\"TOC1sublist-how_does_a_bingo_loans_loan_work\">\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#fees_and_cost\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Fees and cost<\/a>\n          <\/li>\n                <li class=\"StepProgress-sub-item\">\n            <a href=\"#credit_check\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"3\">Credit check<\/a>\n          <\/li>\n          <\/ol>\n  <\/div>\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_are_payday_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What are payday loans?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#bingo_loans_account_creation_and_borrowing_process\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Bingo Loans Account Creation and Borrowing Process<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#eligibility_criteria_for_bingo_loans_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Eligibility Criteria for Bingo Loans Loan<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#information_borrowers_need_to_provide_to_get_bingo_loans_loan\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Information Borrowers Need to Provide to Get Bingo Loans Loan<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#what_are_bingo_loans_loan_borrowing_costs\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">What are Bingo Loans loan borrowing costs?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#bingo_loans_customer_support\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Bingo Loans Customer Support<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#is_it_safe_to_borrow_from_bingo_loans\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Is it safe to borrow from Bingo Loans?<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#bingo_loans_review_verdict\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Bingo Loans Review Verdict<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#glossary_of_loaning_terms\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">Glossary of loaning Terms<\/a>\n\n        <\/div>\n\n    <\/li>  <li class=\"StepProgress-item\">\n  <div data-accordeon-item>\n  <div class=\"StepProgress-item__group\" >\n    <a href=\"#faq\" class=\"btn-handleTocScrollToTitle StepProgress-item__link\" data-level=\"2\">FAQ<\/a>\n\n        <\/div>\n\n    <\/li>    <\/ul>\n<\/div>\n\n                                        <div class=\"inContentProviderSingle inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Try Our Recommended UK Payday Loan Provider 2020:<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\"><\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/01\/lendingstream_250_250.png\" alt=\"\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Get an Instant Quote<\/li>\n                                                                                                    <li>Apply within 2 Minutes<\/li>\n                                                                                                    <li>Friendly Support Service<\/li>\n                                                                                                    <li>FCA Regulated<\/li>\n                                                                                            <\/ul><!--\/.inContentProviderSingle--lis-->\n                                                                            <\/div>\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-4 d-none d-sm-none d-md-block d-lg-block\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img float-right\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/01\/lendingstream_250_250.png\" alt=\"\" width=\"125\" height=\"60\">\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <div class=\"col-12 text-center\">\n                                                                                    <div class=\"inContentProviderSingle--button\">\n                                                                                                <a href=\"https:\/\/learnbonds.com\/uk\/visit\/lendingstream\" title=\"Start Trading\" rel=\"sponsored\" data-relfix=\"1\">Apply Now!<\/a>\n                                            <\/div>\n                                                                                <div class=\"inContentProviderSingle--disclaimerText\">\n                                            *Subject to lender requirements and approval.                                        <\/div>\n                                    <\/div>\n                                <\/div><!--\/.row-->\n                            <\/div><!--\/.container-->\n                        <\/div><!--\/.inContentProviderSingle--wrapper-->\n                    <\/div><!--\/.inContentProvider--single-->\n                            \n            \n<p><em><div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><i class=\"omsc-icon sui sui-info-circle\" style=\"\"><\/i><\/em>Bingo Loans functions as both a direct lender and a matching service connecting borrowers to its partner lenders. It assesses all applications and either services them or hands them over when it cannot meet borrower needs. Most applicants can find a match but the rates are unpredictable as they vary from one lender to the next.<em><\/div><\/div><\/em><\/p>\n<h2 id=\"what_is_bingo_loans\">What is Bingo Loans?<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-146279 size-full\" src=\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/08\/Screenshot_807.jpg\" alt=\"screengrab of Bingo loans homepage\" width=\"1337\" height=\"612\" \/><\/p>\n<p>Bingo Loans describes itself as \u201ca short-term loan direct lender and broker, giving you the best of both worlds.\u201d<\/p>\n<p>The lender allows you to find the right loan either from its own platform or from third-party lenders. It makes use of a loan comparison algorithm to match borrowers and lenders.<\/p>\n<p>Bingo operates under The Money Hive Limited and has the authorization and regulatory oversight of the Financial Conduct Authority (FCA). It is also registered on the Financial Services Register.<\/p>\n<p>The company is registered in England and Wales with its head offices in Manchester.<\/p>\n<h2 id=\"pros_and_cons_of_a_bingo_loans_loan\">Pros and Cons of a Bingo Loans Loan<\/h2>\n<div class=\"su-note\"  style=\"border-color:#EFEFEF50;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#EFEFEF50;border-color:#EFEFEF50;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<div class=\"su-row\"><div class=\"su-column su-column-size-1-2\"><div class=\"su-column-inner su-u-clearfix su-u-trim\">\n<p><strong>Pros<\/strong><\/p>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Uses advanced technology to find the right loan for every applicant<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Works as both a direct lender and a matching service to third-party lenders<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Offers transparency into its rating system<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Reports to credit agencies and can therefore help to improve your rating<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Allows borrowers to cancel loans for up to 14 days after receiving funds<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#77e31f\"><\/i> Fast loan approval and funding within one business day<\/li>\n<\/ul>\n<\/div>\n<\/div><\/div><div class=\"su-column su-column-size-1-2\"><div class=\"su-column-inner su-u-clearfix su-u-trim\">\n<p><strong>Cons<\/strong><\/p>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<ul>\n<li><i class=\"sui sui-remove\" style=\"color:#e31f28\"><\/i> The rates may vary from figures shown on the site if you get your loan from a third party<\/li>\n<li><i class=\"sui sui-remove\" style=\"color:#e31f28\"><\/i> Bingo Loans may have to share your information with third parties to match you to a lender<\/li>\n<li><i class=\"sui sui-remove\" style=\"color:#e31f28\"><\/i> Since they check your credit, applying for a loan from the platform may affect your rating<\/li>\n<\/ul>\n<\/div><\/div><\/div><\/div><\/div><\/div>\n<h2 id=\"how_does_a_bingo_loans_loan_work\">How does a Bingo Loans loan work?<\/h2>\n<p>Bingo Loans uses advanced technology to offer a fast and efficient loan application process. Typically, the lender will offer you financing as a direct lender without discrimination. They accept all credit histories, and the entire process takes place online.<\/p>\n<p>With a focus on convenience and speed, they allow applicants to access an online calculator to confirm loan terms prior to application. And whenever they are unable to meet your request, they refer you to an alternative lender.<\/p>\n<p>If you happen to be matched to one of the provider\u2019s partner lenders, you will have your application transferred to their site. Once you complete the process, you will have the funds deposited directly to your account.<\/p>\n<p>At no point will you need to make a phone call as you can complete all required steps online. But if at any point you have queries regarding the application, you can contact customer support. In case you have been transferred to a third-party lender, the provider will put you in touch with the relevant person(s).<\/p>\n<h3 id=\"fees_and_cost\">Fees and cost<\/h3>\n<p>They do not charge fees for the matching service though they may receive a commission from the partner lenders. Loan amounts on the platform vary from as little as \u00a350 to a maximum of \u00a31,500. The loan terms, on the other hand, vary from one month all the way to 12 months.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-3435\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/imageedit_15_5335066377.png\" alt=\"Bingo Loans Loan Review...\" width=\"1660\" height=\"584\" srcset=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/imageedit_15_5335066377.png 1660w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/imageedit_15_5335066377-300x106.png 300w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/imageedit_15_5335066377-1024x360.png 1024w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/imageedit_15_5335066377-768x270.png 768w, https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/imageedit_15_5335066377-1536x540.png 1536w\" sizes=\"(max-width: 1660px) 100vw, 1660px\" \/><\/p>\n<p>In some cases, you can get your loan as soon as the same day or the next business day. It all depends on the time when you submit the application and when approval takes place.<\/p>\n<p>Given that the lender has a wide network of partners to work with, it also claims to offer high acceptance rates. This has to do with the fact that there will nearly always be a lender who is glad to meet your requirements and give you the terms you want.<\/p>\n<p>Though the typical wait period is 24 hours, you might have to wait longer if your bank does not accept accelerated payments. The maximum wait period is approximately 3 days.<\/p>\n<h3 id=\"credit_check\">Credit check<\/h3>\n<p>The site offers services to everyone even borrowers with a <a href=\"https:\/\/learnbonds.com\/loans\/bad-credit-loans\">bad credit rating<\/a> or no credit at all. In fact, it claims that there is no such thing as \u201cbad credit.\u201d Thanks to their flexible approach they finance all borrowers and seek to help you improve your rating.<\/p>\n<p>When you apply for a loan for the first time on the site, the provider may carry out a credit check and referencing. During the eligibility assessment process, they may use data from credit reference agencies and credit checks to determine your creditworthiness.<\/p>\n<p>Through these comprehensive checks, they ascertain borrower identity and are able to prevent fraudulent applications. In case you provide any information that is untrue or inaccurate, it is considered a breach of terms. As such, it may lead to the instigation of criminal procedures.<\/p>\n<p>You have the right to cancel any loan which the lender has approved for up to 14 days after you receive the funds. In order to make a cancelation, you need to contact the lender directly, whether this is Bingo Loans or any third party on the platform.<\/p>\n<p>Doing so will require written notification of phone call to the company. Note though that you will need to pay the full credit amount as well as the interests that have accrued since approval. You need to do this immediately and no later than 30 days after you give the withdrawal notice.<\/p>\n<h2 id=\"what_are_payday_loans\">What are payday loans?<\/h2>\n<p>A payday loan is a type of short-term loan whose term typically lasts until your next payday. Given the short term of the loan and the high risks that are typically associated with this type of loan, interest rates are also high.<\/p>\n<p>The <a href=\"https:\/\/learnbonds.com\/uk\/payday-loans\/\">payday loan<\/a> is usually a portion of a borrower\u2019s next paycheck and also goes by the name cash advance loan. To complete an application for this loan on Bingo, you would therefore need a pay stub from your employer to show your income level.<\/p>\n<p>Your loan principal will then be calculated as a percentage of this short-term income and your credit history will also come into play.<\/p>\n<h2 id=\"bingo_loans_account_creation_and_borrowing_process\">Bingo Loans Account Creation and Borrowing Process<\/h2>\n<p>Creating an account on Bingo and applying for your first loan is a simple process.<\/p>\n<p><strong>1.Simply visit the official Bingo Loans website and on the home page, select the amount you want and your preferred loan term.<\/strong><\/p>\n<p>The site will automatically calculate the interest rate applicable for this loan as well as how much you will need to pay every month (if it takes longer than 1 month).<\/p>\n<p><strong>2. If you find the terms satisfactory, proceed to the next step by clicking \u201cApply Now.\u201d<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-146278 size-full\" src=\"https:\/\/learnbonds.com\/wp-content\/uploads\/2019\/08\/how-it-works-step-2.png\" alt=\"Loan application page of Bingo Loans\" width=\"348\" height=\"347\" \/><\/p>\n<p><strong>3. Next, you will need to enter your personal details so as to complete the application.<\/strong><\/p>\n<p>These include personal details, income information, expenses and your bank account information.<\/p>\n<p>Bingo Loans may review your application or send it to a panel of other lenders who will review and send you the decision. In case one of them approves your application, you will be redirected to their site to complete the process by electronically signing the agreement.<\/p>\n<p>In case you complete the application before 3pm on a weekday, you might get funds on the same day. But if it is after 3pm or on a weekend, you will get funds on the next business day.<\/p>\n<p>Your repayment date will depend on when you complete the application as well as when you receive funds. All the repayment details will be available on the agreement.<\/p>\n<div class=\"su-note\"  style=\"border-color:#e5e54c;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#FFFF66;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><i class=\"omsc-icon sui sui-info-circle\" style=\"\"><\/i><em>It\u2019s essential to be cautious during the sign up process for these products. This is because you can end up owing two to three times what you borrow on the longer-term loans, and many have difficulty repaying the short-term loans without reborrowing.<\/em><\/div><\/div>\n<h2 id=\"eligibility_criteria_for_bingo_loans_loan\">Eligibility Criteria for Bingo Loans Loan<\/h2>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<p>Here are some of the qualifications you need to meet so as to qualify for a loan on the site:<\/p>\n<ul>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Be over 18 years of age<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Be a resident of the UK<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Have an active bank account<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Have an active debit card<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Be in permanent employment or be a recipient of various allowances<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Meet the site\u2019s credit and affordability criteria<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Provide accurate financial and personal information<\/li>\n<\/ul>\n<\/div>\n<h2 id=\"information_borrowers_need_to_provide_to_get_bingo_loans_loan\">Information Borrowers Need to Provide to Get Bingo Loans Loan<\/h2>\n<div class=\"su-list\" style=\"margin-left:0px\">\n<p>When applying for a loan on the platform, here is the information you will need to supply:<\/p>\n<ul>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Email address<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Personal information<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Employment details<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Financial information<\/li>\n<li><i class=\"sui sui-check-circle\" style=\"color:#189d2b\"><\/i> Bank account details<\/li>\n<\/ul>\n<p><em><\/div><\/em><\/p>\n<h2 id=\"what_are_bingo_loans_loan_borrowing_costs\">What are Bingo Loans loan borrowing costs?<\/h2>\n<p>Bingo is clear about its borrowing rates and costs. Take a look at some of the fees you will need to pay:<\/p>\n<ul>\n<li>Fixed APR 292% from Bingo Loans but may vary by lender<\/li>\n<li>Origination fees \u2013 depend on lender<\/li>\n<li>Late payment fees \u2013 vary by lender<\/li>\n<\/ul>\n<p><strong>Representative Example:<\/strong><\/p>\n<ul>\n<li>Borrowed amount \u2013 \u00a3300<\/li>\n<li>Repayment period \u2013 3 months<\/li>\n<li>Interest amount \u2013 \u00a3156.52<\/li>\n<li>Monthly repayment amount \u2013 \u00a3152.17<\/li>\n<li>Total amount repayable \u2013 \u00a3456.52<\/li>\n<li>Representative APR \u2013 1,261%<\/li>\n<\/ul>\n<p>Note however that rates may vary significantly from the above-shown figures if you end up getting a loan from one of the third-party lenders.<\/p>\n<h2 id=\"bingo_loans_customer_support\">Bingo Loans Customer Support<\/h2>\n<p>There is very little information online about Bingo Loans or its support team. You might want to find out firsthand by contacting them before applying for a loan. They are accessible on phone and via email and the contacts are available on the website.<\/p>\n<h2 id=\"is_it_safe_to_borrow_from_bingo_loans\">Is it safe to borrow from Bingo Loans?<\/h2>\n<p>Bingo Loans is a regulated service provider and there appears to be no safety concerns about borrowing from the platform.<\/p>\n<p>The website adheres to standard encryption protocols ensuring the safety of user information.<\/p>\n<p>Additionally, as a matching service, they work with reputable lenders in the UK. But always carry out a background check and read reviews on third-party lenders before accepting a loan from them.<\/p>\n<h2 id=\"bingo_loans_review_verdict\">Bingo Loans Review Verdict<\/h2>\n<p>Bingo Loans is a reputable, regulated financier working both as a direct lender and as a matching service. They ensure that everyone can get access to a loan by providing access to alternative lenders when they cannot offer services directly.<\/p>\n<p>Though their rates are within the average charged by short-term lenders, you can never be too sure of applicable rates until you identify your lender. They perform credit checks and report to credit agencies and may thus affect your rating for better or for worse depending on your repayment.<\/p>\n<p>All in all, it is a solid choice when you need cash urgently and have no other way out. but always make sure you read the fine print before signing any loan agreement from Bingo or any of its partner lenders.<\/p>\n                                        <div class=\"inContentProviderSingle inContentColor--learnbonds fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Try Our Recommended UK Payday Loan Provider 2020:<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n       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of loaning Terms<\/h2>\n\n\t\t<div class=\"glossary-component--container\">\n\t\t\t<div class=\"glossary-component--inner\">\n\t\t\t\t<div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Credit-Score.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Credit Score<\/span><\/div><div class=\"glossary-component--term-text\"><p>A credit score shows your creditworthiness. It's primarily based on how much money you owe to loan or credit card companies, if you have ever missed payments or if you have ever defaulted on a loan. <\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Guaranteed.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Guaranteed Approval <\/span><\/div><div class=\"glossary-component--term-text\"><p>Guaranteed Approval is when, no matter how bad, your credit score its, your loan application will not get declined.\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Credit-Limit.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Credit Limit <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Credit Limit is the highest amont of credit a lender will lend to the borrower.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Collateral.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Collateral<\/span><\/div><div class=\"glossary-component--term-text\"><p>Collateral is when you put up an item against your loan such as your house or car. These can be repossessed if you miss payments.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Cash-Advance.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Cash Advance  <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Cash Advance is a short-term loan that has steep interest rates and fees.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Credit-Rating.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Credit Rating<\/span><\/div><div class=\"glossary-component--term-text\"><p>Your Credit Rating is how likely you are to fulfill your loan payments and how risky you are as a borrower.\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Fixed-Interest.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Fixed Interest Rate<\/span><\/div><div class=\"glossary-component--term-text\"><p>Fixed Interest Rate is when the interest rate of your loan will not change over the period you are paying off you loan.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Interest.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Interest <\/span><\/div><div class=\"glossary-component--term-text\"><p>The Interest is a percentage based on the amount of your loan that you pay back to the lender for using their money<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Default.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Default <\/span><\/div><div class=\"glossary-component--term-text\"><p>If you default on your loan it means you are unable to keep up with your payments and no longer pay back your loan.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Late-Fee.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Late Fee<\/span><\/div><div class=\"glossary-component--term-text\"><p>If you miss a payment the lender will charge you for being late, this is known as a late fee.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Unsecured.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Unsecured Personal Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>An Unsecured Personal Loan is when you have a loan based solely on your creditworthliness without using collateral.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Secured-Loan.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Secured Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>A Secured Loan is when you put collateral such as your house or car up against the amount you're borrowing.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Prime-Rate.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Prime Rate<\/span><\/div><div class=\"glossary-component--term-text\"><p>This is the Interest Rate used by banks for borrowers with good credit scores.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Principle.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Principal<\/span><\/div><div class=\"glossary-component--term-text\"><p>The Principal amount the borrower owes the lender, not including any  interest or fees.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Variable-Rate.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Variable Rate<\/span><\/div><div class=\"glossary-component--term-text\"><p> A Variable Rate is when the interest rate of you loan will change with inflation. Sometimes this will lower your interest rate, but other times it will increase. <\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Installment-Loan.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Installment Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>An Installment Loan is a loan that is paid back bi-weekly or monthly over the period in which the loan is borrowed for.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Bridge-Loan.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Bridge Loan <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Bridge Loan is a short term loand that can last from 2 weeks up to 3 years dependant on lender.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/AAA-Credit.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>AAA Credit<\/span><\/div><div class=\"glossary-component--term-text\"><p>Having an AAA Credit Rating is the highest rating you can have.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Guarantor.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Guarantor <\/span><\/div><div class=\"glossary-component--term-text\"><p>A Guarantor co-signs on a loan stating the borrower is able to make the payments, but if they miss any or default the Guarantor will have to pay.\r\n\r\n\r\n\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/LIBOR.png\" alt=\"Stocks Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>LIBOR <\/span><\/div><div class=\"glossary-component--term-text\"><p>LIBOR is the London Inter-Bank Offered Rate which is the benchmarker for the interest rates in London. It is an average of the estimates interest rates given by different banks based on what they feel would be the best interest rate for future loans.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Home-Equity.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Home Equity Loans <\/span><\/div><div class=\"glossary-component--term-text\"><p>Home Equity Loans is where you borrow the equity from your property and pay it back with interest and fees over an agreed time period with the lender.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Debt.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Debt Consolidation <\/span><\/div><div class=\"glossary-component--term-text\"><p>Debt Consolidation is when you take out one loans to pay off all others. This leads to one monthly payment, usually with a lower interest rate.<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Federal-Student.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Student Loan<\/span><\/div><div class=\"glossary-component--term-text\"><p>If you obtain a Student Loan to pay your way through College then you loan is held with the Department for Education U.K.\r\n\r\n\r\n<\/p><\/div><\/div><div class=\"glossary-component--term\"><div class=\"glossary-component--term-image\"><img decoding=\"async\" src=\"https:\/\/learnbonds.com\/uk\/wp-content\/uploads\/sites\/2\/2020\/03\/Broker.png\" alt=\"Loans Glossary\"\/><\/div><div class=\"glossary-component--term-title\"><span>Student Grants<\/span><\/div><div class=\"glossary-component--term-text\"><p>Financial Aid in the form of grants is funding available to post-secondary education students throughout the United Kingdom and you are not required to pay grant<\/p><\/div><\/div>\t\t\t<\/div>\n\t\t<\/div>\n\n\t\t\n<h2 id=\"faq\">FAQ<\/h2>\n<div role=\"heading\" data-hveid=\"CAsQBQ\"><div class='man_faq_sec' itemscope itemtype='https:\/\/schema.org\/FAQPage'> <\/time><time itemprop=\"dateModified\" datetime=\"2020-06-17 17:07:56\"><\/time><script>jQuery(document).ready(function() {\r\n\t\t\tjQuery('.accordionButton').on('click', function() {\r\n\r\n\t\t\t\t\/\/REMOVE THE ON CLASS FROM ALL BUTTONS\r\n\t\t\t\tjQuery('.accordionButton').removeClass('on');\r\n\t\t\t\t\t\r\n\t\t\t\t\/\/NO MATTER WHAT WE CLOSE ALL OPEN SLIDES\r\n\t\t\t\tjQuery('.accordionContent').slideUp('normal');\r\n\t\t\t\r\n\t\t\t\t\/\/IF THE NEXT SLIDE WASN'T OPEN THEN OPEN IT\r\n\t\t\t\tif(jQuery(this).closest('.ms_faq').find('.accordionContent').is(':hidden') == true) {\r\n\t\t\t\t\t\r\n\t\t\t\t\t\/\/ADD THE ON CLASS TO THE BUTTON\r\n\t\t\t\t\tjQuery(this).closest('.ms_faq').find('.accordionButton').addClass('on');\r\n\t\t\t\t\t\t\r\n\t\t\t\t\t\/\/OPEN THE SLIDE\r\n\t\t\t\t\tjQuery(this).closest('.ms_faq').find('.accordionContent').slideDown('normal');\r\n\t\t\t\t} \r\n\t\t\t\t\t\r\n\t\t\t\t});\r\n\t\t\t});\r\n\t\t\t<\/script><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Can I make a repayment before my loan due date?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Most of the lenders on the platform accept prepayments. But always confirm to avoid prepayment fees.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Will I have to go through the same application process for subsequent loans or do I automatically qualify?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Simply because you qualified for a loan does not mean you will qualify the next time you apply. Therefore, you may get approval for subsequent or get rejected. Every lender will base their decision on your financial position at the time of application.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Do I need to submit any supporting documentation when applying for a loan?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">If you get approval for a loan with Bingo Loans, you will need to provide a picture ID and your latest bank statement (scan, photo or PDF) showing 30 days transactions.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">If I am working with a debt management company, do I need to reveal that when applying?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Yes. You may need to ask the debt management company to contact Bingo Loans in writing indicating their authorization to work on your behalf.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What happens if I can\u2019t make repayment on due date?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Make sure you contact your lender before the due date to discuss alternative options. Failure to do so may lead to late payment fees and you might get reported to debt collection.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What loan products does Bingo Loans offer?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">Bingo specializes in offering payday loans as a direct lender. But if you need any other kind of loan, you may still apply on the platform. Acting as brokers, they will match you to their partner lenders at no fee.<\/p>\r\n                <\/div><\/div><\/section>\n<\/div>\n<h2>UK Payday Loan Reviews- A-Z Directory<\/h2>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Bingo Loans Review 2020 \u2013 All Credit Histories Considered!<br \/>\nNeed an emergency loan of \u00a31500? Contact Bingo. You even don\u2019t have to worry about bad credit score<\/p>\n","protected":false},"author":644,"featured_media":146279,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-112","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":{"show_disclaimer":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bingo Loans Loan Review 2021 \ud83e\udd47 All Credit Histories Considered!<\/title>\n<meta name=\"description\" content=\"Read our 2021 review on Bingo Loans loans. We&#039;ve covered APR rates, fees, eligibility and more. 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