Can payday loan reviews Be Trusted? Cashfloat Publishes Fact-Finding Report to Help Consumers Find Better Loans Based on User Reviews.
June 23, 2016 12:00 AM Eastern Daylight Time
LONDON–(BUSINESS WIRE)–Cashfloat.co.uk, a trading style of Western Circle Ltd (WCL), has published a series of articles inspecting the leading lenders in the UK, based on real customer reviews. The full-scope articles help people looking for a loan to better understand the lenders through the educative lenses of payday loan reviews.
Western Circle Ltd (WCL), a London-based lending company trading as Cashfloat.co.uk, has unleashed a revealing inspection report on the biggest lenders offering payday loans online in the UK. The report presents some of the very real issues that customers have faced when dealing with several of the leading UK lenders.
Although many of the leading UK lenders have been previously known to exploit people, they claim to have changed their ways following the Financial Conduct Authority’s (FCA) harsh clampdown on the market. The report aims to give an honest insight into each lender by compiling evidence from real customer reviews. Although many UK consumers think that a bigger UK payday loan company that has been around longer is the best choice, the report concludes that newer, smaller payday lenders are often a much more reliable option.
“Most of the lenders we looked at are to blame for the way that the UK payday loan market is frowned upon. These lenders claim to have changed, but we wanted to know, have they really?” said Jeremy Lloyd, Director at WCL.
The report determines whether each of the inspected lenders have really changed their ways, and whether they can be trusted again by analyzing reviews written by customers who have experienced the lenders themselves.