SafetyNet Credit

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APR: 68.7% Representative

Loan amount: £1 - £500

Repayment duration: 0 - 365 Days

OPTIOSCORE 73.4/100

Time to apply: 01m 32s

Representative Example: If you borrow £500 over 40 days at a Representative rate of 68.7% APR and an annual interest rate of 292% (variable), you would pay 1 instalment of £660.00. The total charge for credit will be £160.00 and the total amount payable will be £660.00.

Contact SafetyNet Credit

By phone: 0844 669 8400

By email: [email protected]

Online: www.clearaccount.com

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Sensational

18:30 26-11-2016

via Choose Wisely

Easy and simple great .

Alicia Mackenzie

Suberb servise

16:40 29-06-2017

via Smart Money People

Fast and easy to get, recomend them

Edvinas Ciutele

safetynet credit your best option

13:19 26-10-2016

via Choose Wisely

Best loan rate I've ever had, fast reliable service whenever I need it, I would recommend to all

glen

Good service

12:02 29-06-2017

via Smart Money People

Good service whit quick decision I will recommend to all my friends and family

Sebastian siecinski

Very good

16:12 27-06-2017

via Smart Money People

Good provider simple and easy would recommend

Chantelle

gave me a rolling overdraft

09:39 23-06-2017

via Smart Money People

they have provided me with an overdraft for my banking

Denise Feber

Best loan

15:54 16-06-2017

via Smart Money People

Very good and straight forward . Excellent customer service and easy to deal with all transaction online

Abimbola

Excellent

14:00 15-06-2017

via Smart Money People

Quick pay out and good way to keep track of income and outgoings.

A R

Spot on company

14:33 02-06-2017

via Smart Money People

Spot on company for lending money if your I need. I mean I've been using them for a while and they've helped me dramatically and made my day alot more better for me, for that I thank them very much for there hard work and commitment

Darren clarke

Good corasponse

13:33 31-05-2017

via Smart Money People

High interest if you don't go over but good service

Adele williams

Our review of SafetyNet Credit

Written by: Alex

Simplicity

44.2

Features

80.9

Consumer sentiment

87.5

Total OPTIOSCORE

73.4/100

SafetyNet Credit offer a product quite different to others in 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 a daily rate of 0.8% on whatever you are borrowing and is for a maximum of 40 days.

Customers with less than perfect credit history are still able to apply, although you will be credit checked during the application process. To ensure that you can keep on top of the loan, RateSetter will only lend you the amount that they think you can afford to repay so you may not get the full £500 if there are blemishes in your past. You also have the option to set up automatic re-payments when money goes into your account and so it makes it easy to manage.

SafetyNet Credit has brilliant reviews across the web. At the time of writing this SafetyNet Credit score 9.2 on Trustpilot based on 3190 reviews. Users comment on their reliability, great service and ease of use. The majority of these reviews are from bad credit borrowers which is promising considering the dire reputation of high cost short-term loans.

The general warnings still apply with SafetyNet Credit as they still provide a high-cost short-term product. If you have any doubt to whether you can meet the repayments, then do not apply as you’ll risk getting yourself into serious financial problems.

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.

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 payments to cover overdrafts

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

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SafetyNet Credit Customer Question & Answers

Have a question for SafetyNet Credit?

Ask a Question

Total question and answers: 13

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

- jo, at 4:45pm 02/08/17

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

- Rebekah, at 4:01pm 07/08/17

This provider responded within 5 days to this question.

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.

- George, at 9:03pm 11/07/17

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

- Rebekah, at 9:30am 12/07/17

This provider responded within 12 hours to this question.

Question:

Do I have to use the service if I apply

- helen, at 9:13pm 26/06/17

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

- Adam, at 9:21am 27/06/17

This provider responded within 12 hours to this question.

Question:

If the limit I was given I have used can I borrow more?

- Sibelle hakki , at 9:31pm 04/06/17

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

- Rebekah, at 12:25pm 06/06/17

This provider responded within 2 days to this question.

Question:

How do I make repayments is it via my card?

- debs , at 4:49pm 20/05/17

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

- Rebekah, at 10:09am 22/05/17

This provider responded within 2 days to this question.

Question:

Have you come to a decision about my loan application

- Peter cadman , at 3:47pm 20/05/17

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

- Rebekah, at 9:13am 22/05/17

This provider responded within 2 days to this question.

Question:

How do I get my account back in sync with bank account after Internet banking problem

- Steven , at 3:05pm 08/05/17

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

- Rebekah, at 2:24pm 09/05/17

This provider responded within a day to this question.

Question:

is it possible to increse my limit to 300

- debra marti, at 9:31am 02/05/17

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

- Rebekah, at 3:41pm 02/05/17

This provider responded within 6 hours to this question.

Question:

could u please tell me when my first repayment is due

- robert dunphy, at 8:42am 02/05/17

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

- Rebekah, at 3:14pm 02/05/17

This provider responded within 7 hours to this question.

Question:

Can i repay my loan over a few weeks

- Chantelle, at 5:41pm 22/04/17

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

- Rebekah, at 1:57pm 24/04/17

This provider responded within 2 days to this question.

Question:

I applied for a loan and haven't had a responce to confirm within 24 hours will it take much longer?

- Martin, at 6:13pm 19/04/17

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

- Rebekah, at 9:36am 20/04/17

This provider responded within 15 hours to this question.

Question:

Hi there put in for a loan with you and I was wondering if I passed as I havnt got an answer yet

- Andrew wilson, at 5:26pm 08/04/17

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

- Rebekah, at 3:51pm 11/04/17

This provider responded within 3 days to this question.

Question:

How do I repay the loan and what period do I have to pay it back

- Justine white , at 7:54pm 07/04/17

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

- Rebekah, at 3:52pm 11/04/17

This provider responded within 4 days to this question.

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. You are not required to have a good credit history, however as part of your application with SafetyNet Credit you will be subject to credit checks, this will determine the level of credit they will offer you.

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Provider last seen: 11:13am 4/8/2017

Product data last updated: 4:06pm 5/7/2017

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SafetyNet Credit

4.7 out of 5 from 5592 customer reviews

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