Capital On Tap

Discussion in 'Cashflow forum' started by Robin Stent, Oct 31, 2016.

  1. Robin Stent

    Robin Stent UKBF Newcomer Free Member

    1 0
    Does anyone here have any experience with this company? They cold called me today, and I don't normally give cold callers the time of day, but I had looked into them previously and they were offering something I wanted. So I gave them enough details to do a "soft" credit check. They came back and said I'm approved for finance. It appealed to me as I had been thinking about getting finance of about £5,000 but didn't get very far with my bank. COT are offering me £1,000 initially and say I could get more if I borrow "responsibly" but were not very clear on what that means, or how much the set up fee they mentioned would actually be.
    Any info on experiences anyone can give would be helpful. Thanks
     
    Posted: Oct 31, 2016 By: Robin Stent Member since: Sep 5, 2016
    #1
  2. Ian J

    Ian J Factoring Specialist Full Member - Verified Business

    4,762 1,330
    I've never heard of them but if they are only offering you £1,000 aren't there easier ways to get hold of sums like that - credit cards for example

    What is your £5,000 for? If it's for asset purchase then a finance broker may be able to find you the funding
     
    Posted: Oct 31, 2016 By: Ian J Member since: Nov 6, 2004
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  3. Mark T Jones

    Mark T Jones UKBF Enthusiast Free Member

    2,216 599
    Like Ian I'm not familiar with CApital on Tap. There is a proliferation of new lenders, it's hard to keep tabs

    Ultimately the devil will lie in the detail - making sure that the facility is appropriate for your specific requirements and being sure to read and understand the contract you are entering in to
     
    Posted: Oct 31, 2016 By: Mark T Jones Member since: Nov 4, 2015
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