Hey @DaniShipp
Firstly thanks for sharing this - I haven’t as yet needed to use the loan function in Monzo, but it and flex seem to work quite well for folk here. Perhaps those with experience can help.
I would refer you to the below thread however, I’m not sure how “partnering” with high APR lenders (yes, I know people could go and google themselves) helps people feeling safe and in control.
When Monzo can’t offer a loan, does it offer instead other options in terms of who to speak to for advice/help and prevent people who might be in a desperate situation from turning to one of these companies, which Monzo then makes money out of them for?
Not trying to deliberately bait a bear here, genuinely interested in what Monzo’s thoughts on this are.