There are many reasons why people apply for loans, they might have an emergency financial situation such as funeral expenses, they may need to pay for a car that has broken down or fix a roof. Whatever the reason, there are plenty of loans available regardless of a person’s credit history.
What is a Cash Kitty Loan?
A cash kitty loan is a short-term loan available to people over a certain period of time. You can apply for a loan between £100 and £5000, the amount you will be approved for will depend on your circumstances such as your monthly income and the amount of debt that you are currently paying back.
The entire application process takes place online, it is quick and easy, and you are approved immediately. There is no paperwork involved with Cash Kitty. Once you have been approved for a loan and successfully completed your application, the lender you have been redirected to will transfer the funds into your bank account and you can spend the money as you wish.
Who Can Apply for a Cash Kitty Loan?
Even if you have got a bad credit rating or CCJs you can still apply for a loan, you may have to pay an interest rate that is slightly higher than normal but as long as you can afford to pay the loan back, you should get approved.
When Can I Submit a Loan Application?
You can submit a loan application at any time, they are not like a bank where customer service representatives are only available 5 days per week. Once you submit your application, you will get a response quickly, how quick you get the money you need will depend how fast you can submit the required documents.
Does the Loan Come From Cash Kitty?
No, they make it easier for you to secure a loan because they have access to different lending institutions. They act as a broker who match customers with the lender who is most likely to provide you with the loan. This is the most effective way to apply for a loan because your credit score is only checked once instead of multiple times by different lenders.
Final Thought
After you have secured a loan, it is essential that your payments are made on time, if not, you risk having negative information entered onto your credit file. If you are experiencing financial difficulties, it is important that you speak to your lender to explain your situation, most lenders will work out an alternative plan with you to ensure that repayments are more affordable. It is important to note that the worst thing you can do is ignore telephone calls and letters because the debt is not going to go away. Deal with any issues you may have immediately instead of brushing things under the carpet.