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  • FIRST POST
    • Sky Shrimp
    • By Sky Shrimp 19th Aug 17, 11:09 AM
    • 39Posts
    • 64Thanks
    Sky Shrimp
    SafetyNet Credit Alternatives
    • #1
    • 19th Aug 17, 11:09 AM
    SafetyNet Credit Alternatives 19th Aug 17 at 11:09 AM
    My new job pays monthly instead of weekly, so I needed a small loan of 250. My bank refused to temporarily increase my overdraft due to a default on my credit rating/score. The bank told me not to apply for any loans for 90 days after that application.

    I Googled payday loans and tried a few but got turned down. Then I found SafetyNet Credit. They wanted my bank login details which was strange, but I applied for 300 and immediately got 150 in my account. All the other PayDay lenders are refusing me. Is there another one like SafetyNet that I could try to get 50 to 100?
Page 2
    • Sky Shrimp
    • By Sky Shrimp 20th Aug 17, 5:37 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    They must be very busy as they seem to be the only lender in the UK that gives loans to those with bad credit files.

    I'll update on what happens next week if anyone is interested.
    • Richey_
    • By Richey_ 20th Aug 17, 5:38 PM
    • 323 Posts
    • 379 Thanks
    Richey_
    Was it a good night out?
    • Sky Shrimp
    • By Sky Shrimp 20th Aug 17, 5:55 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    Was it a good night out?
    Originally posted by Richey_
    I didn't get the second loan of 100 that I wanted yesterday
    • Richey_
    • By Richey_ 20th Aug 17, 6:41 PM
    • 323 Posts
    • 379 Thanks
    Richey_
    TBH probably did you a massive favour.
    My friend for somebody who lives with their parents you need to learn to manage your money a lot better, you will never have more spare money than now believe it or not
    • iolanthe07
    • By iolanthe07 21st Aug 17, 10:40 AM
    • 5,191 Posts
    • 4,893 Thanks
    iolanthe07
    you will never have more spare money than now believe it or not

    Actually, speaking as a retiree, that isn't necessarily true!
    I used to think that good grammar is important, but now I know that good wine is importanter.
    • Malthusian
    • By Malthusian 22nd Aug 17, 11:17 AM
    • 5,947 Posts
    • 9,824 Thanks
    Malthusian
    Actually, speaking as a retiree, that isn't necessarily true!
    Originally posted by iolanthe07
    You think the OP sounds like the type to save enough into a pension to ensure a comfortable retirement like yours?
    • AndyPix
    • By AndyPix 22nd Aug 17, 2:10 PM
    • 4,290 Posts
    • 3,787 Thanks
    AndyPix
    Arent you glad you didnt get that extra loan now ??
    Today you have a clear head and arent 100 (plus interest) down ..


    WINNER ..


    Now if you can take that feeling, and extrapolate it to your spending habits in future - you might be in with a chance


    As for giving your bank details to this sub-sub-sub prime lender - Well that is insanity its'self.
    Why do you think they didnt require all the usual securities ? They can empty your bank account at will


    And to think you were looking for ANOTHER similar setup to add to it -


    mind = boggled
    Running with scissors since 1978
    • Sky Shrimp
    • By Sky Shrimp 25th Aug 17, 1:45 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    Update,

    SafetyNet Credit took the 150 plus the 20 interest from my account as agreed today (2 week loan). They'll probably increase my credit due to playing ball.

    They lost connection with my account last week and sent an email stating that they were going to try to reclaim the funds if I didn't reconnect.

    What I failed to mention before is that they called me on the day and stated that they will only try to reclaim the funds on the arranged day (the payday) and not immediately, They have an 0800 number and are very professional on the phone.

    I know it's crazy to give your login bank details to a company, but I researched them first and they were there when I needed them at the time.

    I'll probably use them again. Understand that I'm a guinea pig. Taking one for the team. I didn't start this thread for financial advice. There's a separate forum for that.

    When people Google 'SafetyNet Credit' they'll find this thread.

    I could have not started this thread and you would all be non the wiser.

    Enjoy my tomfoolery and have a great weekend
    Last edited by Sky Shrimp; 25-08-2017 at 1:51 PM.
    • Pixie5740
    • By Pixie5740 25th Aug 17, 3:44 PM
    • 13,750 Posts
    • 19,905 Thanks
    Pixie5740
    Like you managed to find this thread?

    http://forums.moneysavingexpert.com/showthread.php?t=5644147&highlight=safetynet

    Giving your login in details isn't just crazy it's a breach of the T&C of your online banking. Now if there's any fraud involving your online banking your bank are not obligated to refund the money to you.
    • Sky Shrimp
    • By Sky Shrimp 25th Aug 17, 4:08 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    Exactly Pixie!

    Now you get to see what happens first hand to someone that uses SafetyNet Credit from the comfort of your armchair.

    Enjoy the show

    I think I deserve a cookie for this. Do you have cookies?
    • keepcalmandstayoutofdebt
    • By keepcalmandstayoutofdebt 25th Aug 17, 4:42 PM
    • 3,607 Posts
    • 1,908 Thanks
    keepcalmandstayoutofdebt
    Like you managed to find this thread?

    http://forums.moneysavingexpert.com/showthread.php?t=5644147&highlight=safetynet

    Giving your login in details isn't just crazy it's a breach of the T&C of your online banking. Now if there's any fraud involving your online banking your bank are not obligated to refund the money to you.
    Originally posted by Pixie5740
    Surely it's say's a lot about the regulator in this country - why and how are they allowing this type of operation of s/net? (which appears authorised) if the bank's stance would be this.
    RIP my Rags. 16/06/19 at 4am
    Know I had to moneysave but you didn't have to go
    x
    • BrassicWoman
    • By BrassicWoman 25th Aug 17, 6:47 PM
    • 2,150 Posts
    • 8,295 Thanks
    BrassicWoman
    Exactly Pixie!

    Now you get to see what happens first hand to someone that uses SafetyNet Credit from the comfort of your armchair.

    Enjoy the show

    I think I deserve a cookie for this. Do you have cookies?
    Originally posted by Sky Shrimp
    I think you deserve banning for unsolicitied promotion of a company you work for.
    May 19 grocery challenge 100.79/ 200
    • boo_star
    • By boo_star 25th Aug 17, 11:07 PM
    • 1,967 Posts
    • 1,325 Thanks
    boo_star

    I know it's crazy to give your login bank details to a company, but I researched them first and they were there when I needed them at the time.
    Originally posted by Sky Shrimp
    It's not just crazy, it's a breach of your agreement with the bank.

    I wouldn't give my login details to anyone. Family members, other banks I have accounts with, anyone.

    Just hope that your indiscretion has gone unnoticed because if you become the victim of fraud, you may find it being used as evidence against you.
    • Sky Shrimp
    • By Sky Shrimp 26th Aug 17, 7:14 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    Like you managed to find this thread?

    http://forums.moneysavingexpert.com/showthread.php?t=5644147&highlight=safetynet

    Giving your login in details isn't just crazy it's a breach of the T&C of your online banking. Now if there's any fraud involving your online banking your bank are not obligated to refund the money to you.
    Originally posted by Pixie5740
    Thanks for linking that thread. IIRC, SafetyNet Credit informed me on the phone that if they lose connection to my bank account, they'll attempt to take a partial repayment if my bank is credited with a sum of 50 or over.

    If I don't want to use them anymore, I'll phone them and cancel my account with them and change my memorable password on my bank account.

    They're there if you've been a total dumby and need immediate funds to see you through a week or two
    Last edited by Sky Shrimp; 26-08-2017 at 7:17 PM.
    • zx81
    • By zx81 28th Aug 17, 12:44 PM
    • 22,558 Posts
    • 24,792 Thanks
    zx81
    Hey everyone.

    I post spam - please report me!
    Originally posted by Mummyemma88
    No problem. Done.
    • Sky Shrimp
    • By Sky Shrimp 28th Aug 17, 5:06 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    I applied for a few loans last week and they all asked for my account number and sort code before checking my credit status. I was tricked into an Identity Angel subscription which took 34 from my account two days ago. I knew when they sent me an email with an Identity Angel password that didn't even work. I was worried about going into my bank to dispute the charge as they'll see my SafetyNet transaction and that might trigger a red flag that might make me lose my overdraft facility
    • Richey_
    • By Richey_ 28th Aug 17, 5:20 PM
    • 323 Posts
    • 379 Thanks
    Richey_
    How can you have been tricked into it, their website could not be more clear what services they offer and their pricing. The clearest I have seen for this type of website. They essentially offer ID monitoring service, they do not put you in contact with lenders,

    How desperate were you for that night out last Saturday that you signed up anywhere giving your card details without looking what you were signing up to ?

    If that was me I'd be following their refund policy https://www.identityangel.co.uk/refund.php rather than reversing transactions which could lead them to taking you to a small claims court and adding lots of fees on. You live with your parents, it's their house then bailiffs would turn up at...
    • Sky Shrimp
    • By Sky Shrimp 28th Aug 17, 5:51 PM
    • 39 Posts
    • 64 Thanks
    Sky Shrimp
    I've never visited the Identity Angel site. It must have been one of the sneaky check boxes on the loan sites. I don't live with my parents anymore but thanks for the advice.

    I'm paid now and no longer require a payday loan of any kind. I actually borrowed that 100 off a friend in the end and forced him to accept 25 interest which he was uncomfortable with.

    He said, "Why should I accept this extra 25? Would you charge me if I asked you for cash and I was in a bind?"

    "No mate. Just take the 25 and have a drink on me"
    Last edited by Sky Shrimp; 28-08-2017 at 6:04 PM.
    • Puddylove
    • By Puddylove 28th Aug 17, 8:40 PM
    • 501 Posts
    • 840 Thanks
    Puddylove
    I would suggest a visit to your GP to talk about things might be in order, Sky Shrimp.
    I don't want to be unkind, but you seem to be lurching from one bad decision 'SafetyNet credit', giving your bank details away thus breaking the T & Cs, signing up to stuff online, giving money away when you don't seem able to afford it.
    It might be wise to chat to someone about mental health, to make sure you get any/all the support you need.
    Good luck in the future.
    • wizzywig27
    • By wizzywig27 29th Aug 17, 8:10 AM
    • 1,290 Posts
    • 828 Thanks
    wizzywig27
    I would suggest a visit to your GP to talk about things might be in order, Sky Shrimp.
    I don't want to be unkind, but you seem to be lurching from one bad decision 'SafetyNet credit', giving your bank details away thus breaking the T & Cs, signing up to stuff online, giving money away when you don't seem able to afford it.
    It might be wise to chat to someone about mental health, to make sure you get any/all the support you need.
    Good luck in the future.
    Originally posted by Puddylove

    Bit harsh wasn't it? Desperation (although misplaced) is not a sign of mental health issues. If he had of applied for this loan to feed his children, would you be offering the same advice? Yes they are two totally different scenarios, however to someone who is desperate they may make the wrong decisions.


    Not advocating him doing what he has/is doing, simply suggesting your post was a bit harsh
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