Financial Conduct Authority Award Cashfloat Full Authorisation for Short Term Lending

- by Kelly Richards

May 17, 2016 12:00 AM Eastern Daylight Time LONDON–(BUSINESS WIRE)–Cashfloat.co.uk, one of the UK’s fastest growing online lending companies, has reached another key milestone and been awarded Full Authorization status in the highly regulated High Cost Short Term Credit sector, by the Financial Conduct Authority (FCA).The company is now fully FCA authorized.

Cashfloat is fully authorized by the FCA


The Financial Conduct Authority (FCA) aims to protect consumers of the UK’s financial services industry, ensuring businesses are run with integrity and with the consumers’ best interests at heart. Western Circle Ltd (WCL), a London-based lending company trading as Cashfloat.co.uk, recognised the need for a new type of short term lender; one that not only follows the rules, but builds their entire business around the policy objectives behind them. Their efforts have gained the approval of the FCA, who have awarded them a full license as a high-cost short-term credit lender after thoroughly investigating the company’s strategy and lending procedures.

“We started Cashfloat because we saw an urgent need to revolutionise the short term credit market, providing people with a safe and friendly option and giving every customer the personal attention they deserve. We’re proud that the FCA have recognised our dedication to our consumers and have given us a full authorisation to continue providing responsible service to the UK,” says Jeremy Lloyd, Director at WCL.

Constantly developing new technology, publishing financial guides and raising public awareness of relevant issues, Cashfloat invest endless efforts in treating customers fairly while maintaining sustainable profits. Their honest and open approach to business is a refreshing change in the highly competitive short term lending market, and as a now fully-authorised lender, Cashfloat aim to continue being industry leaders in business integrity and FCA compliance.

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About The Author
Kelly Richards
Kelly Richards is the founder of the Cashfloat blog and has been working tirelessly to produce interesting and informative articles for UK consumers since the blog's creation. Kelly's passion is travelling. She loves her job because she can do it from anywhere in the world! Whether inspiration hits her while sitting on the balcony of a French B&B, or whether she is struck with an idea in a roadside cafe in Moscow, she will always make sure that the idea comes to fruition. Kelly's insights come from her knowledge gained while completing her degree in Economics and Finance as well as from the people she meets around the world. Her motto is: Everyone you meet has something valuable to teach you, so meet as many people as you can!
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Cashfloat is rated 4.81 stars by Reviews.co.uk based on 564 merchant reviews

4.81 / 5 Rating
564 Reviews
Spot on service, very quick .
Anonymous
I think your company is amazing you are so quick and efficient and you are the most helpful company I have ever used, you take in consideration the individual not just their credit score. If only there were more companies like in this world alot of people would be so much better off. Thank you again for your unbelievable help.
Mr Peter Y
Very easy to apply and helpful throughout the whole process, thank you.
Ms M
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CashFloat is a trading style of Western Circle Limited - Company Registration Number: 7581337. We are fully authorised and regulated by The Financial Conduct Authority. FCA full permission license: 714479. ICO Registration Number: Z3305234


* Cashfloat terms and conditions apply. Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy. Loan limit maximum of £500 for first-time customers (£1100 for existing). In most cases, loan decisions may take up to 30 minutes during office working hours. If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as you’re approved by 16:30.


Representative example: Borrow £500 for 4 Months, 4 Monthly Repayments of £215.81. Total repayment £863.24. Interest Rate PA (fixed) 270.10%, Representative APR 997%

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

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