SafetyNet Credit

I love SafetyNet. Initially I was a skeptic and wasn’t too sure whether it would be for me. I passed the initial check which was great, I went through and slowly began to learn how it worked. It is much better than a credit card or any kind of finance agreement, it isn’t a loan. It acts as a friend when you need it. Whenever I go into my overdraft it automatically pays the difference off and goes onto my SafetyNet account. The interest is considerably low in comparison to other companies and makes it easy on the go. I am now starting to control my finances a lot better and once I’ve paid off my credit card balance I’ll be able to move forward. Wouldn’t have been able to do it without SafetyNet. If you’re really struggling financially give this a whirl.

Links to your bank account and will take automatic payments as soon as your balance gets high enough to pay some of the credit off, minimising the interest owed. It even has a handy feature to stop you going into an non arranged overdraft where you can set a minimum balance amount and if your bank drops below that balance they will auto credit you if its available to stop any nasty surprises and charges from your bank. This feature is easily activated and turned off and altered for the desired minimum amount. My only issue was I thought this feature meant they will never take a payment automatically if it would leave you under your set amount, I didn’t realise they only take payments if you’re over £50. Slightly confusing.

Well Interest is capped but keep an eye on your dashboard as will take money off you when whave it in bank but can always Borrow it back and better than ignoring them- it’s as good as lending off a mate but always pay everything back as much as you can then just lend it again so not paying extra interest, works for me but only a problem on waiting for transfer back into own account as can take 2 hours like when I needed Some fuel - it is what it is

Not knocking the app, just feel it could do with updating for two reasons. One, the notification count on the drop down menu never indicates anything new when selected. Yes, I did check all the options even the messages but still nothing and two, I’m always being diverted to website version. This is because the app never updates fast enough like it’s desktop version. Other than that, nice layout and easy to use.

Very easy to apply for. Good welcome call from their representative who was friendly and informative. App easy to use and understand. Everything shown in statement including interest charges all laid out simply and clearly. App seems very reliable, fast deposits. Repayments also easy to make and clear. I must give 5 stars as I have had no problems whatsoever in my first month of using the facility. Many thanks, it has really helped.