Payday loan company drops bankrupt Katona

Kerry Katona has been dropped as the face of a payday lending company after filing for bankruptcy for a second time in five years.

The TV personality, who was the face of Cash Lady, recently filed for bankruptcy under the name Kerry Jane Elizabeth Katona at Wigan County Court, the Insolvency Service confirmed.

The Atomic Kitten singer and star of Celebrity Big Brother and I’m A Celebrity… Get Me Out Of Here! was first declared bankrupt in August 2008 after failing to pay the last instalment of a tax bill.

The Cash Lady payday loans firm offers small sums of cash up to £300.

In the advert for Cash Lady, Kerry told viewers: “We all have money troubles at some point – I know I have. You could see your bank and fill in loads of forms. But is there an easier way to get a loan? Check out With Cash Lady it’s simple to apply for up to £300.

“It’s dead fast, too. If you’re approved, the money goes straight into your account.”

PDBUK, who trade under the name Cash Lady, said in a statement: “Clearly, as a business, we are committed to responsible lending, so it is with sadness that we will not be able to continue using Kerry as the face of Cash Lady.

“We enjoyed working with Kerry a lot, and we wish her all the best in her future endeavours.”