SafteyNetCredit  (SNC) offers an alternative to traditional payday and short term loans.  Over the past few years SafteyNetCredit has grown aggressively to over 170k customers who report back excellent TrustPilot reviews (9.2 out of 10).
 The SafteyNetCredit product is a permanent revolving line of credit of up to £500 for new customers and £1000 for existing customers. Once a customer applies with us the credit limit is ongoing and available for them to use whenever they wish, without having to reapply every time they are in need of credit.
One of the key features of this product is that in order to be eligible to borrow, customers must agree to give us read-only access to their current bank account transactions for the past 90 days. This is used to monitor their bank account balance so we can: Carry out an affordability assessment at both the point of application and on an ongoing basis to determine suitability for credit and ensure it remains affordable.

By using this additional data it allows us to service customers that many other lenders can’t as we look at customers differently, using more than just traditional credit scoring to make our decision. This give us great acceptance levels. Our product is appealing to customers because: We offer a one-time application line of credit and therefore reassurance to the customers that they have money when they need it.
We can make automatic (when enabled) deposits (Credit Instalments) into customer bank accounts of an agreed sum, up to their credit limit, when the balance reaches a certain level (the SafteyNetCredit Level).
Take repayments only when we can see that you have money in your account to repay us. This helps ensure that customers repay the amount owed as quickly as possible and therefore reduces the amount of interest the customer has to pay. We will always leave the consumer with a buffer amount in their account.
By enabling automatic deposits, the product can operate like an overdraft in that it can be used automatically when you needed without manual drawdowns, and repaymentscan be taken automatically up to the amount owed, whenever we see that the customer has the money in their account to repay the debt.
The automatic SafteyNetCredit deposit facility can be enabled or disabled at any time on line by simply pressing the ‘on/off’ buttons on the customer dashboard. SafteyNetCredit Apply Today