CashFlex Loans Info (Broker) | www.cashflex.co.uk
First impressions when heading on to www.cashflex.co.uk were positive. The design is slick, with a modern theme, a calculator attached and encryption used. On the calculator you can choose monthly blocks of 3, 6, 12, 18, 24 or 36 months. The sum range is £500 to £5000. When we sampled £1000 over a year they set the interest at £83. This type of value would only be available in the prime space (likely from banks) with a top credit score. There isn’t however an emphasis on targeting poor credit here and so they aren’t being misleading. There is more of a focus on headlining that there are no fees, no paperwork and that you can expect same day funding.
CashFlex states that they are currently processing more than 2000 loans daily. This sounds like a high volume considering that they don’t command much of a major presence in the leading search engines. They have however recently been investing in Google ads that should be generating plenty of leads. This is a similar approach as used at Little. It is not stated which lending partners are used here. We believe they are using some kind of pingree system with several firms attached, whereby they’ll scan for the first lender who is happy to accept the offer. Whilst we often see many brokers fading out, you get a feeling that Digitonomy may have a bright future ahead.