Lester Freeman
Cashfloat is a UK-based direct lender offering payday and short-term personal loans of up to £1,000 and £2,500, respectively. The company was established in 2014 to provide loans to people with bad credit scores who typically find it challenging to secure loans. Cashfloat's services are designed for UK residents and offered on a non-advised basis for informational purposes only. The company does not charge any upfront or application fees and provides flexible repayment plans. It also offers an Easy-Start feature, allowing borrowers more time to repay their loans without additional interest charges. While Cashfloat caters to individuals with poor credit scores, it requires applicants to have a reliable source of income to be eligible for a loan.
| Characteristics | Values |
|---|---|
| Year of establishment | 2014 |
| Type of lender | Direct lender |
| Type of loans offered | Payday, short-term personal loans |
| Loan amount | Payday loans: up to £1,000, personal loans: up to £2,500 |
| Interest charged | Only for the days you have the loan |
| Application fee | None |
| Eligibility criteria | Reliable source of income, no need for a perfect credit score |
| Application process | Online |
| Customer service availability | Monday to Friday, 9 am to 5:30 pm |
| Average customer rating | 4.82 |
What You'll Learn
Cashfloat's services are designed for UK residents only
Cashfloat is a UK-based direct lender offering payday and short-term personal loans to UK residents. The company was established in 2014 to help people with bad credit scores who find it challenging to secure loans. Cashfloat is a trading name of Western Circle Ltd, authorised and regulated by the Financial Conduct Authority (FCA).
Cashfloat specialises in providing simple, flexible loans to meet diverse needs. They offer payday loans up to £1,000 and personal loans up to £2,500. The application process is entirely online, with loan calculators to help determine the desired loan amount and affordability. There are no hidden fees, and repayment plans are flexible.
To be eligible for a Cashfloat loan, applicants must have a reliable source of income. Benefits can be considered as part of this income, provided they are not the sole source. Cashfloat does not require a perfect credit score and assesses suitability by considering factors beyond the credit score. They pride themselves on their fast service, aiming to provide loan approval and funding within 90 minutes of application.
The company prioritises customer support and encourages borrowers to contact them if they anticipate missing a repayment. Cashfloat also offers a five-day grace period for missed payments. Their website features a login area where borrowers can edit their details, make payments, and close their loans early without penalty.
The company offers payday and short-term personal loans
Cashfloat is a direct lender that offers payday and short-term personal loans to UK residents. The company was established in 2014 to help people with bad credit scores who struggle to get loans. Cashfloat is a trading name of Western Circle Ltd, authorised and regulated by the Financial Conduct Authority (FCA).
The company offers payday loans up to £1,000 and personal loans up to £2,500. Payday loans can be paid off early without penalty, and the company provides a savings calculator to show customers how much they save by making early payments. Cashfloat also offers an Easy-Start feature, which gives borrowers more time to repay their loans without adding extra interest charges.
To be eligible for a Cashfloat loan, applicants must have a reliable source of income. Benefits can be considered as part of an applicant's income as long as they are not the only source. The company does not require a perfect credit score and considers more than just the credit score when assessing loan suitability. Cashfloat offers a loan calculator and an affordability calculator to help borrowers decide how much to borrow and whether they can afford a payday loan.
The entire loan process is handled online, and Cashfloat aims to provide loan approval and funding within 90 minutes of applying. Most applicants receive a decision within 30 minutes, and once approved, funding is typically provided within an hour. The company also provides 24/7 customer support to guide applicants through the loan process.
Cashfloat is a direct lender and a trading name of Western Circle Ltd
Cashfloat is a direct lender offering payday and short-term personal loans of up to £1,000 and £2,500, respectively. It is a trading name of Western Circle Ltd, authorised and regulated by the Financial Conduct Authority (FCA). Western Circle Ltd is a company based in the UK and Europe, with a team of financial experts.
Cashfloat was established in 2014 to help people with bad credit scores access loans. The company provides an online application system, with loan and affordability calculators, to help borrowers decide on the amount they want to borrow and determine if they can afford a payday loan. The entire process is easy to navigate, with no hidden fees, and flexible repayment plans.
To be eligible for a Cashfloat loan, applicants must have a reliable source of income. Benefits can be considered as part of an individual's income, as long as they are not the only source. Cashfloat also offers an Easy-Start feature, which allows borrowers more time to repay their loans without additional interest charges.
The company prioritises customer privacy and data security, and actively works to prevent fraud and scam attempts. Cashfloat has received positive reviews for its user-friendly process, quick decisions, and willingness to lend to those with poor credit scores.
Applicants need a reliable source of income to be eligible for a loan
Cashfloat is a UK-based direct lender offering payday and short-term personal loans. It was established in 2014 to help people with bad credit scores who find it challenging to obtain loans. The company is a trading name of Western Circle Ltd, authorised and regulated by the Financial Conduct Authority (FCA).
To be eligible for a loan with Cashfloat, applicants must have a reliable source of income. This income can include benefit payments, but they cannot be the applicant's only source of income. In addition to this requirement, Cashfloat also performs credit checks and affordability assessments. The company provides an online affordability calculator to help applicants determine whether they can afford a payday loan.
Cashfloat caters to a range of loan amounts, with payday loans available up to £1,000 and personal loans up to £2,500. The company prides itself on its customer experience, offering features like a five-day grace period for missed payments and the Easy-Start option, which gives borrowers more time to repay their loans without additional interest charges.
While Cashfloat does not charge any application fees, it is important to note that late fees and interest will accrue for missed payments. The company encourages borrowers to contact them as soon as they anticipate missing a repayment. Overall, Cashfloat aims to provide a user-friendly lending process with full support and transparency for its customers.
The company has a Trustpilot rating of 4.82 stars
Cashfloat is a UK-based direct lender offering payday and short-term personal loans. It was established in 2014 to help people with bad credit scores who struggle to get loans. The company has a Trustpilot rating of 4.82 stars out of 799 reviews, with 738 customers rating them as excellent.
Cashfloat's services are designed for UK residents and are offered on a non-advised basis for informational purposes only. The company does not provide financial advice and does not charge any fees for its services. It is a trading name of Western Circle Ltd, authorised and regulated by the Financial Conduct Authority (FCA).
The company offers flexible and simple payday and personal loans of up to £1,000 and £2,500, respectively. They pride themselves on providing fast loans, with most applicants receiving a decision within 30 minutes and funding within one hour of approval. Cashfloat also provides an Easy-Start feature, giving borrowers more time to repay their loans without additional interest charges.
To be eligible for a Cashfloat loan, applicants must have a reliable source of income. Benefits can be considered as part of an individual's income as long as they are not the only source. The company also offers an online loan calculator to help borrowers estimate their repayment schedules, APR, and total interest.
Cashfloat prioritises customer service and data protection. They maintain strict measures to protect borrowers' personal and financial information and are committed to preventing fraud and scam attempts. The company encourages borrowers to contact them if they anticipate missing a repayment and offers a five-day grace period for missed payments.
Frequently asked questions
No, Cashfloat is a UK-based direct lender offering payday and short-term personal loans to UK residents.
To be eligible for a loan from Cashfloat, you must have a reliable source of income. Benefits can form part of your income as long as they are not your only source. Cashfloat also requires applicants to undergo a credit check and an affordability assessment. However, you do not need to have a perfect credit score to apply.
Payday loans from Cashfloat are available up to £1,000, while personal loans can be up to £2,500.
