Money Gap Ltd (trading as CashLady) is UK-based financial services company and a short-term loan

broker A broker is a person or firm who arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Neither role should be confu ...

operating in London, England. Founded in 2008, Money Gap works with various payday and short-term loan providers, matching applicants with lenders. MGG acts as an intermediary in this capacity.

Regulatory action

In 2013 Cash Lady was heavily criticised over an advertising campaign featuring Kerry Katona. Following complaints to the Advertising Standards Authority (United Kingdom), CashLady advertisements were re-edited to remove the phrase 'Fast Cash for Fast Lives'. The ASA believed that this phrase implied that a payday loan would ‘help fund a high-flying celebrity lifestyle’. In July 2013, (one month later) Kerry Katona declared bankruptcy for the second time and was subsequently dropped by Cash Lady after the ASA ruled that Cash Lady could no longer use Katona in adverts due to heavy associations with personal debt. In 2014 Money Gap Group Limited was one of the companies helping the Competition and Markets Authority in the payday lending market investigation.

References

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External links

Company website
Privately held companies based in London British companies established in 2008 2008 establishments in England Payday loan companies Online financial services companies of the United Kingdom