What are your lending criteria?

We use information from a variety of sources to make the most balanced decisions we can. In order to be considered for a cashasap.co.uk loan, you will need to meet the following basic criteria:

  • be at least 18 years old;
  • be in either full-time or part-time employment; and
  • be a UK resident with a UK bank account and a linked VISA debit card registered to a UK address.

If you meet the qualification criteria to apply for a cashasap.co.uk loan, we will consider a number of factors to verify your identity as well as to carry out credit and affordability checks as part of our assessment process.

The decision to approve or decline your loan application will be dependent on the latest information available to us at the time of the application. We use TransUnion credit referencing agency to check your credit file and view your credit history so if you have any questions regarding your credit score and how you think it may affect our decision, you can contact TransUnion to find out more.

We use sophisticated technology to quickly make the most accurate decision we can but we understand that no automatic loan assessment methodology can be perfect in 100% of the cases. This is why we are constantly working on improving our lending algorithm further. At the same time we also have to make sure that we always act as a responsible lender and base our decisions on the latest information that is available to us at the time.

If your application for one of our short term loans was unsuccessful you can always email our team at info@cashasap.co.uk to ask that we review our decision and make it based on a different basis. Please note we may need you to provide additional evidence and information if you request a manual review of your application.


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