Drafty Credit Line
Representative 96.2% APR
Will lend between: £50 - £3,000
Over: 1 - 60 Months
Company Reg: 4124111
FCA: 689378
ICO: Z2752028
Address: 251 Little Falls Drive, Wilmington, DE 19808, USA
About Drafty Credit Line
Drafty is owned by GAIN Credit LLC, who also own the short term lender, Lending Stream.
To qualify for Drafty you must be at least 18 years old, be in employment earning over £1250 a month and live in the UK with an active bank account and debit card. The application is carried out all online and as part of the process, you will subject to credit and affordability checks. If approved you will be offered a credit limit of up to £3000 which can be reused. The minimum monthly repayment will be dependent on your limit and will be outlined in your initial agreement, however you can log into your app at any time to check required repayment details.
The cost of using Drafty is 0.18% per day, meaning the more you borrow and the longer you take to repay, the more expensive it becomes. Drafty do not charge late or early repayment fees.
Mark joined Choose Wisely in 2015. He continues to work in close contact with the providers, brokers and journalists operating in the world of consumer credit.