Some may think it’s an old fashioned concept, but we value trust and it’s an important element of the Wonga service. Besides, since when has something been a bad idea just because it’s been around for a long time? Yeah, yeah - apart from the The Spice Girls?

When we provide cash on demand, we carry out a sophisticated credit check and consider lots of other factors before making an automated decision. So it’s a highly technical process, but we’re still doing something very human too. We’re ultimately putting our trust in an individual to honour their promise - a simple, yet very important promise to repay their loan on a certain date they’ve chosen

So if a customer keeps their promise, what happens next? We increase their Wonga trust rating of course! We won’t bore you with mathematical equations and algorythms, but we’ve built a flexibile credit system that considers every customers’ use of the service on an ongoing basis - and gradually increases their credit limit accordingly. So use the service responsibly and you’ll be rewarded with more borrowing flexibility if you ever need it in the future. You’ll see the maximum you can apply for at any time by using the cash amount slider when you login.

We trust you found this post informative.

This entry was posted on Friday, July 11th, 2008 at 5:02 pm and is filed under Credit, General, Responsible borrowing, Wonga.