Getcred new loan/credit card company mt

Lostsoul13

Basically there’s this company called getcred offering mt and credit card up to 10k credit- I was wondering about consolidating- 

19% interest 

but on the application it said it’s made me an account and is giving credit line accounts to people each month and I should wait my turn until a spot comes up/ it’s in the App Store with its own website getcred 

I’m unsure if I’ve been accepted and will get a revolving credit line or if this is still subject to acceptance? They said they will notify me when my credit line comes available? 

Anyone else had any messages like? 

Nasqueron

Where did you get approached?
Did you do any due diligence like seeing if they are FSCS registered, FCA registered etc?

ManyWays

Did you do any due diligence like seeing if they are FSCS registered, FCA registered etc?
They are FCA registered (https://register.fca.org.uk/s/firm?id=001b000000noKBCAA2), used to be a logbook loan lenders by the looks of it, no lenders have FSCS protection so far as I know. 

Nasqueron

ManyWays said:

Did you do any due diligence like seeing if they are FSCS registered, FCA registered etc?
They are FCA registered (https://register.fca.org.uk/s/firm?id=001b000000noKBCAA2), used to be a logbook loan lenders by the looks of it, no lenders have FSCS protection so far as I know. 

I wasn't suggesting FSCS protection for a loan 

It was more whether they offered other things and were also registered there

OP also needs to clarify if they were searching for loans or saw it on say facebook or whatever - it might be a "legit" high interest loan place doing something akin to a credit union by raising funds slowly by extending their reach but equally it could be something terrible. The one thing I think would offer a glimmer to the OP - if they were borrowing money, it's a lot less risk to them than investing it!!

sourcrates

You can email the Cred team on help@getcred.co.uk or call 03330 030085.

You can also write to:

Cred Customer Services Centre

Glasshouse

Alderley Park

Cheshire

SK10 4TF

Do you really think consolidation is the best way to deal with your debts?

If you think you might prefer a debt solution that does not involve further borrowing, come over to the debt free wannabe board and post a message.

Consolidation tends to be a stop gap choice before a more sensible approach is taken to clearing your debts.