Cash Kitty Review 2021 – Read This Before Applying
When you need some extra cash to get you to your next paycheck, you should consider getting help from an online service like Cash Kitty. We get it, the economy is tough, and your budget may get out of hand from time to time. You can consider getting a same-day loan from lenders in the UK.
This is an excellent solution. But there’s only one problem. So far, you’ve only received bad reports about personal loan providers. The internet is full of scam stories and all your friends advise you to stay away. But before you write off these lenders, it’s essential to have all the facts. Let’s have a look at Cash Kitty, for instance. Is it worth your time? Is it safe and secure or will it rob you blind?
To help you make an informed decision, below is a fact-filled Cash Kitty review. It contains all the information you need to decide if it’s the right platform for you or not.
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- FCA Regulated
What is Cash Kitty?
Before we get into Cash Kitty, you should note that financial emergencies are not unique. Everyone experiences financial crises from time to time. It’s because of this that the short term loan industry in the UK continues to thrive. And with the increased demand for short term loans, there’s an influx in the number of lenders in the UK. This makes it difficult for you to choose on that is ideal for your situation. And if we are being honest, choosing the best short term lender in an emergency, when you are under pressure, is an impossible task. But this is why Cash Kitty was created – to help you choose the best lending facility.
You see, Cash Kitty is not your typical personal loan provider. Instead of lending cash, the company acts as a broker matching its customers to the best lenders in their database based on the information they provide. You could say Cash Kitty is all about reducing your research time and ensuring you get the best possible loan through a simple online form. But though Cash Kitty improves your chances of getting a loan when you need it most, every loan application is subject to the requirements of the lender and approval.
Now, Cash Kitty is a brand by William Elis Sinclair, a company authorised to operate in the UK and regulated by the FCA under reference number 618190. The Information Commissioners Office also licenses it under the registration number ZA033005.
Before you apply for a loan with Cash Kitty, they insist that you review your reasons. Ask yourself if you really need to spend the cash or if you have alternative ways of financing your expenditure. They also insist on evaluating your ability to pay back the money within stipulated timeframes. Also, if you feel you’ll need to take multiple short term loans in the following months, they insist you consider long term loan options.
Pros and Cons of Cash Kitty
Those who have used the platform before have a lot to say about their experience. Some love the platform, and others don’t. Below is a quick breakdown of the pros and cons of the Cash Kitty.
Easy and quick applications – the application process takes only a couple of minutes to complete. It requires users to fill in basic information Your application form is sent to many lenders – this alone means that you save a lot of time you would have otherwise spent researching great emergency loan companies, creating accounts, and sending loan applications. With Cash Kitty, a single application goes to an entire network of potential lenders. Money is approved fast – if you apply for a bad credit loan and get approved, the funds will be in your account in less than 24 hours (provided you fill the application before the close of business on Saturday). Free Service – Cash Kitty doesn’t charge users any fee to find potential short-term loan lenders.