cashloansuk.co.uk Reviews

The website content and design are typical of many online loan scams. Here are some red flags:

High Loan Amounts: Offering loans of up to £99,000 or £50,000 without thorough credit checks is unusual and potentially risky for the lender.
Guaranteed Approval: The claim that checking rates will not affect your credit score and the use of phrases like ‘get my instant quote’ and ‘get the money you need’ are common in loan scams.
Unrealistic Interest Rates: The advertised rates starting at 5.49% APR and going up to 10.53% APR are unusually low for unsecured personal loans, especially for individuals with poor credit.
No Origination Fees: While some legitimate lenders may not charge origination fees, this claim is often used in scams to make the offer seem more attractive.
Same Day Loans: The promise of same-day funding, especially for large loan amounts, is highly unusual and often a sign of a scam.
Vague Contact Information: The address provided is generic and could be fake. Legitimate lenders typically have a physical office address and clear contact information.
Unprofessional Language: Phrases like ‘start living your dreams’ and ’empower enthusiasts’ are not typical of professional financial services.
Lack of Detailed Information: The website lacks detailed information about the company, its history, and its lending practices.
No Regulatory Information: There is no mention of being regulated by the Financial Conduct Authority (FCA) or any other financial regulatory body, which is a legal requirement for lenders in the UK.
Unsecured Website: The website does not use the secure HTTPS protocol, which is essential for handling sensitive financial information securely.
These red flags suggest that the website may not be a legitimate or safe place to apply for a loan. It’s important to be extremely cautious and conduct thorough research before providing any personal or financial information to such websites.”

the reasons behind this review :
High Loan Amounts, Guaranteed Approval, Unrealistic Interest Rates, No Origination Fees, Same Day Loans, Vague Contact Information, Unprofessional Language, Lack of Detailed Information, No Regulatory Information, Unsecured Website