Loans

Except they didn’t.

I agree with you with the loans issue (which was acknowledged by the team by discontinuing it), bur that doesn’t make the clickbait headlines true.

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You’ve dropped your thesaurus and loads of random words have fallen out!

I’m kidding, but that is a long list of adjectives :sweat_smile::wink:

You can’t say for sure what actually happened, but I respect your opinion and I also believed Tom’s explanation.

However, this ludicrous idea at best makes me wonder… and at worst makes me aghast that it ever made it passed the Product Owner / SMT.

:joy: I do love a smattering of adjectives!

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Sorry, but I do know what happened. The article in question actually admitted that the basis of the article was a line in the investment prospectus stating that customers would need to have any funds they wish to invest in their account, including their overdraft. Based on that, the headline was over-the-top.

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Over the top, for sure. Technically correct, certainly. Intended, most likely not.

Monzo mentioning that overdraft funds could be used to buy shares was a careless blunder that was always going to get pounced on. Whether it’s right or wrong is a difference of opinion. It made people think, and this is only a good thing.

Sadly, I see a clear case of history repeating itself here, but I am relieved it’s been removed.

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Can we not go round this loop again please? The last thing I need this early in the morning is a rehash of all the old conspiracy theories! :man_facepalming:

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Hi @cookywook

Are you on track to hit this goal?

Edit: @cookywook cheeky bump

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My screen has just updated today with ‘Learn about loans and overdrafts’ option with the offer for loans. (Im assuming that bit as i’m not eligible) Looks like they are rolling this out as we speak.

Ah OK thanks for the update :+1:

I already have an overdraft so will wait and see about loans

Screenshot_20190318-171003
Thats what I see if it helps.

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I would like to see some kind credit building help, like me many years ago was stupid with money and have learnt from my mistakes. Now totally debt free but struggling to rebuild my credit.

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What @cookywook said below will help. Taking out a small loan and sticking to your repayments will boost your score :slight_smile:

Who wants to play spot the difference? :wink:

On the left, we have 2.39.1 and on the right, we have 2.40.0 :stuck_out_tongue_winking_eye:

image image

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They are 1 minute apart & you had 1% less battery? :rofl:

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Well spotted, indeed. :grin:

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Got offered a monzo loan today. I’m not getting one because it’s cheaper to use my 0% credit card, but I appreciate that it’s there.

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Any update? @cookywook

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Hi @cookywook :man_dancing:

My final attempt at getting an update

Curious more than anything else - wondering why they’ve not rolled out quicker as it’s a solid revenue earner

Are the loan APRs the same to everyone or bespoke to the customer?