Wallet Wizard is part of the Credit Corp Financial Services family. We are an innovative lender that utilizes many years of experience in the financial services industry to deliver Line of Credits to people in a wide variety of circumstances to suit their individual situations.
We have an unwavering focus on technology and innovation. We get that people want answers quickly, so we strive to constantly improve our processes to give you the fastest, easiest and most hassle-free way to access cash. Got some feedback that can help us with that, let us know here.
We have made accessing cash so easy with our online process! With our Line of Credit Product, you could be eligible for a credit line of up to $5000. As you pay off your account balance and credit becomes available, you can apply to access more cash in just a few quick steps via our online Members’ Area!
We are currently offering our Line of Credit to individuals >18 years old whose primary residence is located in the following states:
From time to time, our team needs to perform a few extra checks. Don't worry, these checks help us comply with our commitment to being a responsible lender and we will only do them if they are needed to get your application completely assessed. Log-in to the Members' Area to see an update on the progress of your application.
We perform a soft credit inquiry when you check your loan options through Wallet Wizard. This step allows you to check the rates that may be available to you. That inquiry will not affect your credit score at all, and will only be visible to you on your report; not to others.
However, if you choose to continue with the application, a hard credit inquiry will be performed. Hard inquiries can affect your credit score and are visible to third parties reviewing your credit report.
A credit limit is the maximum level of credit we agree to make available to you under a contract with us. This amount is based on our assessment of your situation and income. We will offer a credit limit that is right for you.
Available credit is the difference between your credit limit and your current account balance. Your current account balance is the amount owing to Wallet Wizard.
You don’t always have immediate access to your available credit. This may be because:
You can log in to the Wallet Wizard Members’ Area any time to see if you’re eligible to apply to access your available credit. Once you’re eligible, all you have to do is submit a redraw application via the instructions in the Members’ Area. It’s super-fast and easy!
Wallet Wizard takes a bunch of information into account when making a decision. Please check your email to view the details of the Adverse Action Notice.
There are no nasty surprises. Everything is laid out in your Loan Agreement so you’ll always know exactly what to expect. Our APR is 35.99%.
A $10 NSF fee may apply if a payment has failed due to insufficient funds on your account or card.
If paying with a debit card, please be aware that Wallet Wizard does not charge any fees for debit card payments.
Your minimum repayment amount is determined by your approved credit limit. You can look at example repayments on the Cost page to see what you can expect to repay weekly, bi-weekly or monthly based on the loan amount you select.
Once your loan is approved and accepted, you can see the upcoming repayments on your Members Area.
Payment reminders are also sent to the listed contact details.
You don’t need to worry about a thing. We’ll set-up automatic repayments either every week, every two weeks or every month by direct debit that coincide with your pay cycle. The money will either come out of your nominated debit card or bank account on the day that repayments are due.
At Wallet Wizard, we pride ourselves on being open about how much you need to pay. Our APR is 35.99% based on the balance of the loan.
It's always best to contact us on 213 833 3050 to discuss your situation.
It is safest to leave the money in your account on the due date for the whole day.
Wallet Wizard does not have any penalties for early payments, unlike some lending platforms in the marketplace today. At Wallet Wizard, we want you to have the flexibility to borrow money when you need it and pay it back when you don't.
Yes you can! This is why we allow you to add your debit card details as part of the application.
We know this loan is important to you, so we work hard to get it to you quickly. Wallet Wizard process the funds on the same day the loan agreement is accepted. If the ACH disbursement was processed before 12:30PM EST time*, most often you would receive the funds the same day. Loan Agreements accepted after this cut off time are typically processed the following business day (depending on the financial institution).*
*Funds are generally deposited via ACH for same day funding if accepted before 12:30PM EST Monday-Friday.
No. We don't want to bore you with banking procedures (who has time for that?) but each bank processes our request differently.
Just be upfront and honest, keep us up-to-date about your situation and income, and make sure there’s enough money in your account when repayments are due. All of the terms and conditions of your Line of Credit are set out for you to read before you sign your Loan Agreement. You should be sure you understand your responsibilities before you accept. Apply for a Line of Credit with Wallet Wizard today.
Once you have a Line of Credit, you may be eligible to access available credit once it reaches the lower of $500 or 25% of your Credit Limit. You might also be eligible to apply to increase your credit limit. Login to the Wallet Wizard Members’ Area to see if these options are available to you.
We are a responsible lender. Every request for more cash requires us to consider your capacity to pay. Your request to access your available credit may have been denied if we believe your circumstances have changed or you may be experiencing hardship. If you believe you are in hardship please contact us on 213 833 3050 to discuss you situation.
Having a Line of Credit means that unless you request to close your Loan Account, you can continue to request access to your available credit when you need it*. Having the account remain open with a $0 balance does not incur any additional costs to keep the account facility open.
*subject to a credit assessment
If you would like to authorize a third party to speak on your behalf, receive information about your loan and help you manage your loan, feel free to give us a call on 213 833 3050. You may add one authorized user on your loan at a time, and we must receive verbal authorization from you, the customer, over the telephone. During this process, you will be asked to provide the full name, date of birth, and relationship you have with the individual you would like to authorize.
Please note, the authorized user must be over the age of 18, and the authorization will cease when the loan is paid off in full or when notify us to remove authorization.
Important Borrower Information
Here is some important information for anyone considering taking out a loan.
When entering a credit contract you are agreeing to the financial schedule, terms and conditions, privacy disclosures and often an agreement to debit funds from your bank account. You should ensure you have read and fully understand the information in that contract before accepting or signing.
If you are unsure about whether you require a loan today or you would like further general information, you can access some on the NZ Government’s website www.sorted.org.nz
Wallet Wizard adheres to The Responsible Lending Code and encourages its customers to be familiar with The Code of Responsible Borrowing. You can find a copy of these codes at www.familybudgeting.org.nz
Wallet Wizard refers to these resources as a part of our commitment to socially responsible lending. Wallet Wizard does not claim or imply any relationship or endorsement by the NZ Government in providing the links to these resources.