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SafetyNet Credit: Payday Loan reviews

Name: Payday Loan
Rating: 3.97 (39 reviews)

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3.64

Based on 39 reviews, last reviewed 16th Jan 2023

No new 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

64%

10%

18%

Latest highest rating:

5

Helping when you need This company very good, very helpfull, bery nice staff. Reviewed on: 29th June 2022

Latest lowest rating:

1

How many people recieved redress settlements in mid to late December? This company miss sold me loans over a number of years. Last June i opened a case against them. In which it took 6 months to finally reach a significa... Read more Reviewed on: 16th January 2023

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SafetyNet Credit Payday Loan reviews (39)

Review of the SafetyNet Credit, Payday Loan:

Safety net

Paid money quickly but mostly bad experience Reviewed on: 23rd May 2019

How many people recieved redress settlements in mid to late December?

This company miss sold me loans over a number of years. Last June i opened a case against them. In which it took 6 months to finally reach a significant settlement. Little did i and i assume a lot of other people knew was that they were going to the wall. And as if by magic afyet agreeing the settlement just before Xmas, they go into administration in the first full working week of 2023. What a sham. I can imagine hundreds of people lile myself recieved the same redress email. What we didnt know is these cowboys had absolutely no intention of settling. Reviewed on: 16th January 2023

AVOID AT ALL COSTS!

This company is in its last days and it’s working some form of scam. Between 2013-2016 I took loans with SafetyNet which should never have been allowed, recently I have a complaint upheld in which they owed me just under £2,000 in interest/charges, compensation and interest from the that period. They are no refusing to pay me back my money after several weeks stating ‘no timeframe’ for repayment and that I shouldn’t send to the financial ombudsman because they will pay. They blamed ‘illness’ before Christmas, now they are blaming the ‘festive period’ for the delays and no timeframe. But after some time I found from someone in their customer service that they are preparing for administration and will likely never pay me back for the complaint. During such an awful time where so many people are struggling it’s incredible that they would literally go out of their way to delay paying back to people they owe, hoping that the administration process will kick in and they won’t have to. I’ve never seen something so heartless. Reviewed on: 9th January 2023

Complaint

Complaint with SafetyNet … I’ve raised a complaint with SafetyNet Credit and legally they had 8 weeks to look into it and provide me with an outcome. 7 weeks, 6 days and 23 hours later I got an email saying they are still looking into it. Whenever I’m contacting them, their answer is the same. Luckily I’ve been advised to report it to Financial Ombudsman what I did, fingers crossed they will help Reviewed on: 20th July 2022

Helping when you need

This company very good, very helpfull, bery nice staff. Reviewed on: 29th June 2022

£400 borrowed, £2022 repaid !!!

Unless you can work out how to get out of this maze with no exit, ie understand how to repay, as fast as you can, then just please don't use this company ! I have asked for repayment of overpayment, I have put in an affordability complaint as my circumstances changed . The response ? Your debt of £750 can be paid at £350 !!! SERIOUSLY SHOCKING, very distressing, IHAVE PAID £2022 !!! Reviewed on: 31st May 2022

Brilliant, cannot get you into debt. Great Service!

Perfect payment system, revolving credit is brilliant for genuine emergencies for people who have a bad credit rating. Cannot take out more than you can afford, i think that’s brilliant as every day loans include sky high hidden interest, that you easily ignore when in need of the loan. Reduces anxiety knowing i have an extra £100 i can borrow from always. Very very trustworthy also! Reviewed on: 14th June 2021

Good

Trusting and services quickly Reviewed on: 24th February 2021

Flexible for borrowing and repaying at suitable time for the user!

Flexible for borrowing and repaying at suitable time for the user! Need 50£ Monday - No problem! Need again on Tuesday - No problem click borrow and the user have them! Repay whenever you want! Yes of course! Valued and accurate customer - credit limit increase! The people who invented SafetyNet and who work for the company must be rewarded for the amazing money tool! Reviewed on: 17th February 2021

Thieves

Miss few payments wipe out your account Reviewed on: 26th August 2020

Quick and easy

Safetynet credit is very user friendly and reliable at At the drop off a hat, I would recommend this loan company to all my friends. Reviewed on: 17th June 2020

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