The CashLady eligibility criteria
You can search for a loan with CashLady if you:
- Are over the age of 18;
- Are a UK resident;
- Have a UK bank account and a valid debit card; and
- Have a regular source of income paid into your bank account.
Can I search for a loan with CashLady if I have bad credit?
As long as you meet the eligibility criteria, you can search for a loan with CashLady, even if you have bad credit. Several lenders on our panel specialise in loans for people with bad credit, although you should be aware that a bad credit loan could come with a higher rate of interest.
In some cases, having bad credit could prevent you from being able to borrow the amount of money that you need, and you may only be approved for a lower amount instead.
How can I search for a Pixie Loans alternative with CashLady?
The CashLady process is straightforward. Here’s what you can expect when you use our credit broking service to search for a loan.
1. Tell us how much money you need to borrow, and how long you’d like to borrow it for. Fill out our five-minute online form.
2. In just 60 seconds, we’ll scan our panel of lenders for a loan that could suit your personal circumstances. To do this, we’ll run a soft search, which will not affect your credit score.*
3. If our search reveals that you’ve been matched with a loan, you’ll be redirected to the lender’s website, where you can decide whether you’d like to make a full application.
4. Happy to go ahead with the loan? The lender will carry out the creditworthiness assessment, which will include a hard search or Open Banking.
5. If you meet the lender’s criteria and pass the creditworthiness assessment, you’ll be offered the loan. Be sure to carefully read through the credit agreement, which will have been sent to you at some point during the lender’s process.
How soon could I get a loan?
If approved for a loan through a search with CashLady, your money could be sent the same day, although this will depend on the payout timescales of the individual lender, as well as your bank’s policies and procedures.
If you can’t repay your loan…
If you can’t afford to pay back the money you’ve borrowed, it’s important to reach out to your lender as soon as you can.
Don’t wait until you’ve missed a payment; if you’re worried about an upcoming repayment, contact your lender and let them know of your situation. They will talk you through any options that may be available to you. Every lender is different, but this could include reduced monthly repayments or a repayment holiday.
I need help with money; where can I get advice?
You can get free, impartial money and debt management advice through StepChange, MoneyHelper, Citizens Advice, and National Debtline.
*If you’re matched with a loan and you choose to make a full application, the direct lender will carry out a creditworthiness assessment, which will include a hard search or Open Banking. Please note that a hard search will remain on your credit file for up to 12 months, and multiple hard searches in a short period of time will negatively affect your credit score.