Can Online Loan Review Sites Be Trusted?

- by Kelly Richards
Can we trust payday loan reviews - Cashfloat

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 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.


Share
Do you know someone who could benefit from this article?
About The Author
Kelly Richards
Kelly 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.
We work hard to provide useful and practical information on our website. Read our editorial policy.
Need £300 - £1,500 today?
Try our famous UK Payday Loans

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

Need money today? Apply now for our fast payday loans.
Blog disclaimer

We do all we can to bring you interesting, practical and valuable information. However, please understand the following:

Information and data on this blog are for information purposes only. While we work hard to ensure it is accurate, we cannot accept responsibility for the accuracy, completeness, suitability or validity of any information provided on the blog. We will not be liable for any errors, omissions, losses, injuries or damages arising from its display or use. All information is provided with no warranties and confers no rights.

If you feel that any of the information published on our blog is not accurate, please notify us via email at compliance@cashfloat.co.uk

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. 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.


*Money will be funded to your bank within 1 hour of approval - Mon-Fri during working hours.


Representative example: Borrow £700 for 6 months. 1st monthly repayment of £168.45, 4 monthly repayments of £224.60, last monthly repayment of £112.20. Total repayment £1,179.05. Interest rate p.a. (fixed) 185.39%. Representative APR 611.74% Our APR includes all applicable fees. Daily interest is capped at 0.798%.


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