SafetyNet Credit
6618 reviews
68.7% Representative
Will lend between: £1 - £1,000
Over: 0 - 365 Days
Representative example: Representative example: Amount of credit: £500. Interest rate: 0.8% per day for up to 40 days (292% per annum (variable). Representative 68.7% APR (variable).
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- Bad credit history accepted.
Representative 49.7% APR.
SafetyNet Credit customer reviews.
6618 reviews
4.6 out of 5 stars
Our review of SafetyNet Credit
SafetyNet Credit offer a product quite different to the high-cost short-term market. Rather than providing a standard short-term loan they provide a flexible and running account credit facility. When you apply to SafetyNet credit and are successful, you can choose to either transfer the balance to your account, or alternatively, choose the function that tops up your account to stop it from falling below a certain point and help to stop those pesky overdraft fees. Interest is charged on borrowing at a daily rate of 0.8%, this is capped at 40 days.
Customers with less than perfect credit history are still able to apply, although you will be credit checked during the application process. Failure to make payments or missed payments could have a negative impact on your credit history so please carefully consider if you can meet the repayments.
Overall verdict: If you have bad credit and are looking for short term finance SafetyNet Credit are definitely worth considering. They are at the cheaper end of the market, enable flexibility towards borrowing and are supported with strong consumer sentiment across the web. Saying this, SafetyNet Credit still provide a product that comes with a warning so be sure before applying.
Written by
Andrew Freelander
Brand & Content Manager at Choose Wisely
Andrew joined Choose Wisely 5 years ago, originally working in a design capacity to make sure the website was simple to use. Most notably he worked with the Consumer Finance Association to design the comparison table of choice for High-Cost Short Term Finance products.
Highlights
- Repayments taken when you have sufficient funds in your account
- SafetyNet have their own app
- Takes only 15 minutes to transfer from your credit line
- Automatic borrowing to cover overdrafts
- Revolving credit line, no need to reapply
Minimum criteria
- Must be a UK resident
- You must be aged over 18
- You must be employed
- You will need to have a salary or regular income
- You will need a current account with internet banking
Fees
- Maximum APR 68.7%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
SafetyNet Credit Customer Question & Answers
Question:
I got a text saying i have been accepted and to login to dashboard it says i have nothing in my account but owe you 150 pounds how do i access the 150 pounds and how do i owe it when i havent had it
Answer:
Hi Linda,
Thank you for your recent contact.
We apologise for the inconvenience you have experienced receiving your credit instalment. Unfortunately, we are unable to provide specific details with regards to any accounts as we cannot satisfy DPA so we would advise calling our friendly customer service team who will be able to look into this further, please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Many thanks,
SafetyNet Credit
Answered in a day by Rebekah
Question:
You asked for bank number and my pin number why
Answer:
Hi Jeremy,
Thank you for your contacting us.
SafetyNet Credit will never request a bank card’s PIN number, this information should not be shared with anyone. We do request internet banking log-in details to link to your current account in order to run our affordability checks as part of your application. This helps determine how much credit we can make available to you if approved and is completely safe using bank-level security. We have read-only access which allows us to see your account transactions, but we cannot operate or control your account.
Should you be approved we also use our read-only access to protect you from unauthorised overdraft charges and monitor your transaction data before taking affordable repayments. You can find further details about this on our website: https://www.safetynetcredit.com/faqs. If you have any further questions, please contact our customer service team on 0800 180 8400. Our lines are open from 8am-7pm Monday to Friday and 9am-5pm on Saturdays.
Many thanks,
SafetyNet Credit Team
Answered in 2 days by Rebekah
Question:
Why do you ask for bank pass word and memorable name?
Answer:
Hi Lisa,
Thank you for your contacting us.
SafetyNet Credit links to your current account via your internet banking log-in details, this is completely safe and uses bank-level security. We have read-only access which allows us to see your account transactions, but we cannot operate or control your account. The purpose of this is to run our affordability checks as part of your application and determine how much credit we can make available to you if approved. Should you be approved we also use our read-only access to protect you from unauthorised overdraft charges and monitor your transaction data before taking affordable repayments.
You can find further details about this on our website: https://www.safetynetcredit.com/faqs
If you have any further questions, please contact our customer service team on 0800 180 8400. Our lines are open from 8am-7pm Monday to Friday and 9am-5pm on Saturdays.
Many thanks,
SafetyNet Credit Team
Answered in 39 minutes by Rebekah
Question:
will I get any statements sent to my home address or its it done all online
Answer:
Hi Sean,
Thank you for your recent contact.
You can find your account statements within the ‘My Statements’ section of your SafetyNet Credit dashboard. These can be downloaded and printed if required so we don’t post out any physical copies to your home address. If you would like any further information please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. Or you can contact us via https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit
Answered in 15 hours by Rebekah
Question:
Well I applied Friday it's now Monday and still nothing waste of time
Answer:
Hi Mary,
Thank you for your recent contact.
We apologise for any inconvenience regarding your recent application. Unfortunately, we are unable to provide specific details with regards to any accounts as we cannot satisfy DPA so we would advise calling our friendly customer service team who will be able to provide feedback on the status of an application, please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. You can also get in touch via email https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit
Answered in an hour by Rebekah
Question:
im a stay home dad and partner is full time employed can we make joint application?
Answer:
Hi John,
Thank you for your contacting us.
Here at SafetyNet Credit our online application process can be made on an individual basis only. In order to be eligible you must be in employment and have a salary or other regular income. As part of the application we require read-only access to your online banking in order to run our affordability assessments. Should you have a joint account we will take all income and outgoings within that account into consideration when reviewing your application.
You can find further details about our eligibility criteria on our website:
https://www.safetynetcredit.com/how-it-works
To proceed with your application please visit www.safetynetcredit.com
If you have any further questions, please contact our customer service team on 0800 180 8400. Our lines are open from 8am-7pm Monday to Friday and 9am-5pm on Saturdays.
Many thanks,
SafetyNet Credit Team
Answered in a month by Rebekah
Question:
Why is my application been manually reviewed
Answer:
Hi Gina,
Thank you for your recent contact.
Some applications are referred to our manual review team if we do not have enough information to make an automatic decision. Most applicants will receive some additional information from our manual review team at this stage.
Unfortunately, we are unable to provide specific details with regards to any accounts as we cannot satisfy DPA so we would advise calling our friendly customer service team who will be able to provide feedback on the status of an application, please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. You can also get in touch via email https://www.safetynetcredit.com/contact-form
Many thanks, SafetyNet Credit
Answered in a day by Rebekah
Question:
Why don't. You tell people it's a con you're only broker's who charge for getting people the loan
Answer:
Hi Frank,
SafetyNet Credit is a direct lender who, we can assure you, has no fees or charges. It is free to set up a SafetyNet Credit facility and you will incur no cost if you do not borrow. We only charge interest for money borrowed from our SafetyNet Credit facility, at a flat rate of £0.80 per £100 borrowed, per day (0.8% per day).
SafetyNet Credit advertises on Choose-Wisely, a price comparison site, so that users can compare the product to other direct lenders.
If you would like to discuss any issues relating to SafetyNet Credit then please call us on 0800 180 8400. Or you can contact us via https://www.safetynetcredit.com/contact-form
Should you wish to speak to Choose-Wisely about their services, then please get in touch with their team via their Contact Us page
https://www.choosewisely.co.uk/pages/contact
Many thanks,
SafetyNet Credit Team.
Answered in 5 hours by Rebekah
Question:
I have an account set up with Safety Net . If I request funds on a Sunday, will the money arrive in 15 mins ?
Answer:
Hi there,
Thank you for contacting us.
For customers that have been approved for and set up their SafetyNet Credit facility, the typical time taken to transfer money to your current account is less than 15 minutes, which is not usually affected by the day requested.
However, please note that in certain circumstances a money transfer can take up to 2 hours, depending on the bank concerned.
For new applicants it may take up to 24 hours to set up a SafetyNet Credit facility in addition to the time it takes to transfer a credit instalment.
If you would like to discuss this further please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. Or you can contact us via https://www.safetynetcredit.com/contact-form
Answered in 2 days by Rebekah
Question:
where its show your bank balance do u see a balance befor it gos into some1s account like if some1 has something payed into there account but its not yet cleared
Answer:
Hi Jo,
Thank you for contacting us.
When you click through to view your balance on your dashboard, it will show available balance, current balance and overdraft limit. If there is a difference between the available balance and current balance, this is usually due to a pending borrowed amount waiting to be cleared. Please note it is bank specific, but most banks will include any pending charges in the available balance displayed.
If you would like to discuss this further please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. Or you can contact us via https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit Team
Answered in 5 days by Rebekah
Question:
I was approved for a loan but don't want to accept it anymore. I provided my bank details to you. I was just wondering if you will still use my details or you will get rid of them now.
Answer:
Hi George,
Thank you for your recent contact.
If you no longer wish to accept the loan, please contact our customer service team as soon as possible on 0800 180 8400. Our lines are open from 8am-7pm Monday to Friday and 9am-5pm on Saturdays. Or you can contact us via https://www.safetynetcredit.com/contact-form
All data is securely handled in accordance with data protection laws and our privacy policy. We will keep your information and details securely stored for as long as legally required. The team will be able to discuss this further with you.
Many thanks,
SafetyNet Credit Team
Answered in 12 hours by Rebekah
Question:
Do I have to use the service if I apply
Answer:
Dear Helen,
Thank you for your recent contact.
Here at SafetyNet Credit, we have no fees or charges for signing up to our service, you do not have to use the service if you are successful in your application.
SafetyNet Credit is a smart lending facility in which we provide new customers with a credit limit of up to £500.00 that is available to use whenever you need it. You only pay interest - 0.8% per day - when you use the credit available to you. It works a bit like a credit card in that way.
To start your application with SafetyNet Credit please visit www.safetynetcredit.com
If you have any further questions, please contact our customer service team on 0800 180 8400. Our lines are open from 8am-7pm Monday to Friday and 9am-5pm on Saturdays.
Kind regards,
SafetyNet Credit Team
Answered in 12 hours by Adam
Question:
If the limit I was given I have used can I borrow more?
Answer:
Hi Sibelle, thank you for your recent contact.
SafetyNet Credit offers a revolving credit line which means that you can borrow and repay up to your available credit limit.
As a responsible lender, we only increase a credit limit when we are satisfied that a customer can afford to meet any subsequent repayments in a sustainable manner. In considering affordability we take into account income, expenditure and previous repayment history. Please be advised that credit limits are reviewed on a regular basis and good account management will increase your chances of a credit limit increase.
If you would like to discuss this further please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. Or you can contact us via https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit
Answered in 2 days by Rebekah
Question:
How do I make repayments is it via my card?
Answer:
Hi Debs,
Thank you for your recent contact.
Our repayment systems are designed to work automatically when we see an influx of money into your account, for example, when you receive your salary. Repayments will be taken subject to the agreed repayment restrictions, as set out in the Terms and Conditions. More information can be found here https://www.safetynetcredit.com/how-it-works
Repayments can be made by card manually through your SafetyNet Credit dashboard. You can also make repayments over the phone by contacting our friendly customer service team on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Many thanks,
SafetyNet Credit
Answered in 2 days by Rebekah
Question:
Have you come to a decision about my loan application
Answer:
Hi Peter,
Thank you for your recent contact.
Unfortunately we are unable to provide specific details with regards to any accounts as we cannot satisfy DPA.
We would advise calling our friendly customer service team who will be able to provide feedback on the status of an application, please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. You can also get in touch via email https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit
Answered in 2 days by Rebekah
Question:
How do I get my account back in sync with bank account after Internet banking problem
Answer:
Hi Steven, thank you for your recent contact.
We are unable to provide specific details with regards to any account as we cannot satisfy DPA.
We would advise calling our friendly customer service team who will be able to help resolve any connections issues, please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. You can also get in touch via email https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit
Answered in a day by Rebekah
Question:
is it possible to increse my limit to 300
Answer:
Hi Debra, thank you for your recent contact.
We are unable to provide specific details with regards to any account as we can not satisfy DPA.
As a responsible lender, we only increase a credit limit when we are satisfied that a customer can afford to meet any subsequent repayments in a sustainable manner. In considering affordability we take into account income, expenditure and previous repayment history. Please be advised that credit limits are reviewed on a regular basis and good account management will increase your chances of a credit limit increase.
To discuss this further please call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm. Or you can contact us via https://www.safetynetcredit.com/contact-form
Many thanks,
SafetyNet Credit
Answered in 6 hours by Rebekah
Question:
could u please tell me when my first repayment is due
Answer:
Hi Robert, thank you for your recent contact.
Unfortunately, we can not provide any specific information regarding your account as we have been unable to satisfy the Data Protection Act with the details provided.
Please be advised that we will automatically take a repayment each time we see money coming into your account, subject to the agreed repayment restrictions as set out in the Terms and Conditions. You can also manually repay the outstanding balance of your loan and interest at any time through your SafetyNet Credit dashboard. The due date for payment will be specified in your statement which can be accessed via your SafetyNet Credit dashboard.
Please call us on 0800 180 8400 to speak to one of our team who will be able to provide further details about your account. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Many thanks,
SafetyNet Credit
Answered in 7 hours by Rebekah
Question:
Can i repay my loan over a few weeks
Answer:
Hi Chantelle,
You can repay the outstanding balance of your loan and interest at any time by the due date given to you on your statement.
Repayments can be made manually through your SafetyNet Credit dashboard, as well as automatically when money comes into your account, subject to the agreed repayment restrictions as set out in the Terms and Conditions. Repayments can also be made by contacting us on 0800 180 8400.
Our repayment systems are designed to operate automatically so that, if you have the available funds in your current account, you automatically make a payment to reduce the outstanding SafetyNet Credit balance and minimise the period over which you pay interest.
For full details on how SafetyNet Credit works, please visit our website at www.safetynetcredit.com/how-it-works or call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Many thanks,
SafetyNet Credit
Answered in 2 days by Rebekah
Question:
I applied for a loan and haven't had a responce to confirm within 24 hours will it take much longer?
Answer:
Hi Martin, thank you for your recent contact.
Unfortunately, we have been unable to locate a file with the information you provided, or satisfy the Data Protection Act. Please call us on 0800 180 8400 for further assistance. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Many thanks,
SafetyNet Credit
Answered in 15 hours by Rebekah
Question:
Hi there put in for a loan with you and I was wondering if I passed as I havnt got an answer yet
Answer:
Hi Andrew,
Thank you for your recent contact.
Unfortunately we have been unable to locate a file with the information you provided or satisfy the Data Protection Act.
Please call us on 0800 180 8400 for further assistance. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Many thanks,
SafetyNet Credit
Answered in 3 days by Rebekah
Question:
How do I repay the loan and what period do I have to pay it back
Answer:
Hi Justine,
You can repay the outstanding balance and interest at any time.
Repayments can be made manually through your SafetyNet Credit dashboard, as well as automatically when money comes into your account, subject to the agreed repayment restrictions as set out in the Terms and Conditions. Repayments can also be made by contacting us on 0800 180 8400.
Our repayment systems are designed to operate automatically so that, if you have the available funds in your current account, you automatically make a payment to reduce the outstanding SafetyNet Credit balance and minimise the period over which you pay interest.
For full details on how SafetyNet Credit works, please visit our website at www.safetynetcredit.com/how-it-works or call us on 0800 180 8400. Our offices are open from 8am-7pm Monday to Friday and Saturdays 9am-5pm.
Kind regards,
SafetyNet Credit
Answered in 4 days by Rebekah
About SafetyNet Credit
SafetyNet Credit, a trading name of Indigo Michael Ltd, offer short term finance up to £500 at a representative APR of 68.7% . They don’t have specific loan terms or monthly repayments as this credit line style of finance is flexible and takes into account how much you can afford to repay. These payments can be made manually via the online management tool at any time, or automatically as money comes into your account. SafetyNet will not automatically withdraw funds if it looks like it will affect another credit instalment, or would take you beyond your overdraft limit.
The finance works by linking up with your bank account and once your balance falls below a predetermined amount, SafetyNet Credit will automatically lend you money in order to prevent the borrower from dipping into their unauthorized overdraft and incurring penalty fees.
In order to apply with SafetyNet Credit you must have a UK bank account with online banking facilities in your name. They do accept borrowers with a bad credit history but as part of your application with SafetyNet Credit, you will be subject to credit checks.
Company information
Registration number: 7721420
Indigo Michael Ltd, 10 Brick Street, Mayfair, London W1J 7HQ
FCA registration
Reference No: 715525
Trading names: Indigo Michael Ltd, SafetyNet Credit, Tappily
Place of business: Account Technologies, Windsor Court, Frederick Place, Loudwater, HP11 1JU
Data protection registration
Registration No: Z2878281
Data controller: Indigo Michael Ltd
Address: Account Technologies, Windsor Court, Frederick Place, Loudwater, HP11 1JU
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