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We operate an important service that tries to connect potential borrowers with lenders. We take this responsibility seriously to ensure that our customers have access to reputable lenders who operate with responsible lending policies.
We only work with lenders who share our values and who are committed to responsible lending. Likewise, we advise our customers to study their financial situation carefully to ensure that they can afford to repay the loan before any money is lent.
We encourage our customers to make informed decisions when it comes to borrowing money, and we believe in transparency in the lending process. It is important to us that our customers understand the costs involved, the terms of the loan, and their obligations when they borrow money.
The following document outlines important responsible lending practices that all potential borrowers should consider before taking out a loan.
Doddler.co.uk is a responsible credit broker that tries to connect consumers with a reputable lender for short-term financial needs. We are not a direct lender and do not make loan or credit decisions.
Doddler.co.uk is owned by Direct Link Technologies, Ltd., which is registered in England and Wales (Company Number: 11816402).
Direct Link Technologies, Ltd. is registered and located at 30 Churchill Place, 5th Floor, London E14 5RE.
Direct Link Technologies, Ltd. is authorised and regulated by the Financial Conduct Authority (FRN: 844593) and is registered with the Information Commissioner’s Office (Registration Number: ZA665097).
Doddler is authorised by the FCA as a loan connection service. We try to help connect UK residents with reputable and FCA-authorised direct lenders. We are not a direct lender.
You can request a short-term loan through our website for free. We may conduct a soft credit inquiry, which won’t affect your credit. If we are able to connect you with a direct lender, they will conduct more thorough credit and financial checks. Each lender sets their own eligibility criteria for a short-term loan.
If you are eligible, the lender may offer you a short-term loan. If you are approved, you may receive funding in as little as one business day.
At Doddler, we believe in complete transparency, and we expect the same from the lenders and consumers we work with. To submit a loan request through us, we will require some basic personal and financial information. This will include your name, address, National Insurance number, income, employment history, and outstanding debt payments. In some cases, we may request additional information.
If you are connected with a lender, they may request more information, depending on their requirements. Nevertheless, rest assured that the lenders in our network are all FCA-authorised. As a result, your information will be protected and secure.
We encourage all our customers to make informed decisions when borrowing money. As a responsible credit broker, it is important to us that customers understand all the costs and responsibilities involved in repaying the loan
If you are approved for a loan, the lender will present you with an offer and an agreement. The agreement will serve as a contract between you and the lender. The loan agreement will outline the following terms and conditions:
Make sure you thoroughly read and understand the information in the loan agreement. Once you sign the agreement, you are bound by the terms and conditions.
It is of utmost importance to Doddler that you understand the consequences of missed payments on your loan. Each lender imposes their own policies regarding missed payments. We strongly encourage you to review the missed payment policies in your loan contract before signing it. Missed payments may result in additional fees and penalties that increase the overall cost of the loan. Additionally, repeatedly missing payments can negatively impact your credit score.
Failing to repay your loan or defaulting results in more severe consequences. Defaults can significantly damage your credit score and result in collection activities. As a result, this can make it significantly more challenging to secure funding or favourable interest rates in the future.
Depending on your contract, the lender may offer plans to renew, roll over, or other repayment extensions for your short-term loan. Keep in mind that rollovers, renewals, and extensions are never guaranteed. Additionally, they are not offered by all lenders. If you require a rollover, renewal, or extension, contact your lender directly to discuss the possibilities.
We would like to remind you that loan rollovers, renewals, or extensions often make it more difficult to repay the loan. This can result from added interest rates and financial responsibility.
At Doddler, we are accredited by the FCA and comply with their guidelines and policies. The lenders in our network are also FCA-authorised and expected to abide by their regulations.
If we find that a lender within our network is violating lending best practices or FCA regulations, we will flag it as misconduct. Such misconduct will result in the removal of the lender from our network.