CashFloat Launches Educational Series to Promote Financial Literacy

London, United Kingdom, March 27, 2023, CashFloat a subsidiary of Western Circle Limited – Company launches an educational series to promote financial literacy. The educational series is focused on building a positive credit score. 

CashFloat, a leading short-term loan provider in the UK, is disrupting the lending industry with innovative solutions and a customer-centric approach. With a commitment to responsible lending, transparency, and excellent customer service, CashFloat is transforming the borrowing experience for UK customers.

One of the key features of CashFloat’s lending approach is its use of cutting-edge technology to deliver a seamless and efficient borrowing experience. Their online application process is quick and easy, with customers able to apply for loans in minutes. CashFloat also uses artificial intelligence and machine learning algorithms to assess loan applications, making the lending process faster and more accurate.

CashFloat is also committed to transparency, providing clear information about their loan products, including the interest rates, fees, and charges associated with each loan. This helps customers make informed decisions about borrowing money.

In addition to their innovative solutions, CashFloat’s customer-centric approach is another key differentiator. They focus on delivering excellent customer service, providing support and guidance throughout the loan application and repayment process. Their friendly and knowledgeable customer support team is available to answer any questions or concerns customers may have.

The educational series aimed at improving credit score is a continuity of the customer centric approach. 

“At CashFloat, we believe that short-term lending can be done in a responsible and customer-friendly way,” said CEO Michael Smith. “We are committed to using innovative solutions and technology to provide an exceptional borrowing experience for our customers, while maintaining the highest standards of transparency and responsible lending practices.”

With their innovative solutions, commitment to responsible lending, and dedication to customer ser

A person’s credit score follows them throughout their adult life, making it essential to do all they can to build it up. They never know when they will need financial help, especially to deal with an emergency situation, which is where short-term loans can be useful. A good credit score increases the likelihood of being approved for the amount of cash needed with flexible terms and low interest rates, enabling them to deal with an unprecedented expense without worrying about how to pay for it. Knowing the factors that impact their credit score is essential, allowing them to avoid common mistakes.

Payment history is one of the most important factors that credit bureaus take into account when calculating your credit score, which is why it’s essential to make sure you pay your outstanding loans on time. Keeping up with monthly loan payments – paying on time and in full – can actually have a positive impact on your credit score, showing lenders that you are a trustworthy borrower. However, missing repayments can have a significantly damaging effect. This will then be reflected in your credit score and show on your credit report, influencing your lender’s decisions when you apply for finance in the future, and making it more likely that you’ll have to pay higher interest rates and approval may become more difficult.

Another common mistake that you may not realise affects your credit score is applying for credit with a range of lenders at the same time. When you apply for finance, many lenders will carry out a hard search inquiry which will show up on your credit report. Applying for credit with a range of lenders shows that you are desperate for cash, and therefore may not be in a situation to make repayments on time. By triggering hard inquiries from a range of lenders, you’re likely to see your credit score deplete. 

Closing old accounts 

You might think that closing old accounts that you don’t use anymore is just a way of organising your finances. But this can also have a detrimental effect on your credit score. Closing your old accounts means that credit bureaus will have less information to base your credit score on, and reduces the length of your credit history. Leaving old accounts open means lenders will be able to see you’ve been a reliable borrower in the past, standing you in a better position when it comes to being successful with future loan applications. 

For further information and assistance, please feel check CashFloat website.

Contact: 

Media & Press Enquiries: newsroom@cashfloat.co.uk

Phone: 020 3757 1933

Address: Office 8, 2a Highfield Avenue, London NW11 9ET