Will lend between: £1 - £1,000
Over: 0 - 365 Days
SafetyNet Credit customer reviews.
4.7 out of 5 stars
Easy and simple great .
Good service whit quick decision I will recommend to all my friends and family
Best loan rate I've ever had, fast reliable service whenever I need it, I would recommend to all
they have provided me with an overdraft for my banking
Quick pay out and good way to keep track of income and outgoings.
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
I get the strong impression that most would probably only use this provider if referred to by a broker and not by choice and I think one would have to as the whole process of applying seems questionable with them requiring more information than most lenders do. Reading reviews online it seems the general consensus is most never see any payout and the application seems to stop abruptly. I advise using cautiously.
When I was turned down everywhere else Safetynet came to the rescue. Great customer care and speedy.
Safety net credit is a great facility for borrowing credit when unexpected bills arise. As the facility works in unison with your bank account it is the most financially viable way of borrowing.
They are great and have thr best system out there that monitors your bank and if you get enough money to pay the loan early they will take the money and interest to that point which saves you money. Also you can turn on a feature wherr if you go below a threshold you set they will put 50 in sound yoy dont get charged for payments failing that has saved me a fee times already
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.
- 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
- 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
- Maximum APR 68.7%
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
SafetyNet Credit Customer Question & Answers
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.
Registration number: 7721420
10 Brick Street, Mayfair, London W1J 7HQ
Reference No: 715525
Trading names: Indigo Michael Ltd, SafetyNet Credit
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 1JUApply Now