Credit line

[Rat_au_van (Em)]

100% agree. The last loan I took out was 59.9% over 3 years,whole pile of fun paying that back

I’m not a fan of drafty and credit lines, I think the entire intention is to trap you into a debt and repayment cycle. You could argue the same about overdrafts but that’s a longer debate

This is what Tom said recently

Why we’re lending

Totally agree with @anon50039658’s comments. Mainstream banks don’t talk about people with poor credit history or problem debt because the press immediately start screaming “Wonga” and “Payday lender”. And so not enough people are working to address it. That makes me incredibly angry and I’m fed up of avoiding the issued because of the risk of negative headlines. We are going to work really, really hard to try to help people with poor credit scores and problem debt. We want to be part of the s…