What is Drafty?
About Drafty
Drafty is a flexible, easy-to-use alternative to loans, overdrafts and credit cards. Our line of credit offer’s a fresh perspective, helping you boost your finances while staying in control.
We believe there is more to someone than just their credit score, meaning you can apply even if you have bad credit. If your application is approved, we’ll set a credit limit and you can withdraw up to that amount.
What makes a Drafty line of credit different? Well, you can reuse your credit line as much as you like without having to reapply each time. What’s more, you can repay a little extra anytime and you’ll save on interest – how good is that?
We’re fully regulated by the Financial Conduct Authority (FCA). We never offer our credit line to people if we think it will only make their financial situation worse. We’re proud of the service we offer to our customers, but don’t just take our word for it. Take a look at our reviews and see why we’re rated ‘Great’ on Trustpilot.
What is a Drafty? A loan alternative!
Here at Drafty, we like to do things differently. If you need to boost your credit score and you’d benefit from a financial lift, try a Drafty credit line.
We think of a credit line as an alternative to an overdraft, credit card or loan. It’s as a pot of cash you can
reuse as much as you need – when you need it. And, if you’re not using it, you won't have to pay a thing!
Time waits for no one, so we’ll also send the cash to your bank in under 90 seconds, if approved.
What does a Drafty credit line offer?
We like to think of ourselves as a loan’s fun cousin. We could offer you a line of credit that still gives you everything you want from a short-term personal loan and then some.
So, what does a Drafty line of credit offer you?
- Speed – We know time is of the essence and we pride ourselves on offering a quick and easy product that outshines a loan. We’ll send out the cash to your bank within 90 seconds of you asking for it, once you’re approved
- Borrow what you need – With a Drafty line of credit, you can apply for up to £3,000 and use what you need from it
- Reuse – As it’s a line of credit, you can reuse Drafty whenever you need without having to reapply. Yes, it really is that easy
- No fees – The best bit? There are no fees. None... Zip... Nada... What’s more, you only pay interest on what you use. Pay back sooner, save on interest!
Getting a Drafty line of credit
We like to be flexible, helping you feel in control.
If we approve your Drafty line of credit, you can use it whenever you need to. As long as you make minimum payments at regular intervals, we’re happy as Larry. You can also repay as much as you want whenever you
want, and if you can afford to pay more, you’ll save a little on interest. To top it off, there are no subscription or late fees involved.
We try to make getting a Drafty line of credit as simple as possible. Of course, we’ll look at your up-to-date financial situation and check your credit history. However, we believe people are more than just a number, so we’ll take this into account when making our decision.
If all of this sounds good, you can apply now. Representative 96.2% APR (variable)
The Drafty App
If you want to access your Drafty credit line on your phone, download our app.
Available on Google Play and Apple's App Store, you’ll gain access to your account on the go – how cool is that?
Simply log in as you would on our website and away you go – don’t you just love technology?!
Find out if you'll be approved without affecting your credit score.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
What makes Drafty a cut above the rest?
We don’t mean to brag, but we’ve won a few awards in our time. Who’re we kidding – we’re proud to offer such a great service to our staff and customers alike.
Responsible Lender – The Credit Excellence Awards 2021
Innovation of the Year – Consumer Credit Awards 2018
Innovation of the Year – Consumer Credit Awards 2017 (yes that’s right, we won it twice)
Awards
Winners - Credit Excellence Awards 2021
Best Marketing Campaign 2019
Best Brand 2018
Innovation of the Year - 2018
Drafty FAQs
What is the best payday loan for bad credit?
We understand how hard it is to get approved for a payday loan with bad credit, which is why we make things simple.
We pride ourselves on looking beyond the numbers, meaning we take everything into account. Yes, we’ll look at your credit history and current financial situation (we wouldn’t be doing our job if we didn’t), but we’ll also consider you as a person.
So, if you’re pondering the best payday loan for bad credit, try Drafty instead. Representative 96.2% APR (variable).
What is a signature loan for bad credit?
A signature loan for bad credit is a type of unsecured loan. It can be accessed by giving details of your income and credit history. Typically, as long as a lender believes you can pay it back and you have a good credit history, you’re in with a shot.
However, bad credit makes this process more complicated – which is where Drafty comes in. We do
everything a signature loan can do and more. We offer flexibility and look beyond your credit score, making a Drafty line of credit much more appealing.
What credit card is easiest to get with bad credit?
If you need a cash boost and you find yourself asking which credit card is easiest to get with bad credit, you might be looking in the wrong place.
Here at Drafty, we’re confident that we provide a better alternative to credit cards. Take a look at our
‘Compare Loans’ page. We have highlighted the benefits of our credit line compared to some credit card
providers, proving that you’ve made the right choice by coming to Drafty.
Apply in minutes to see why a Drafty line of credit is better than the rest. Representative 96.2% APR (variable)
Contact Drafty
- Live chat - Log in or create a new Drafty account to speak to our team through our live chat function
- Drop us a message - If you'd like to send us an email, checkout our contact us page and drop us a line. A member of our friendly team will answer your questions as soon as possible
- Give us a call - We're here to answer your calls on 0203 695 8072 from 9am to 6pm Monday to Friday, and 9am to 1pm every Saturday#
Ready to get Drafty?
Access up to £3,000 today.
Representative 96.2% APR (variable)
Subject to status. T&Cs apply.^
Applying won't affect your credit score
(unless you actually take out a line of credit).
CREDENTIALS AND CERTIFICATIONS
Drafty, a trading name of GAIN Credit LLC
Company Registration No. 4124111
Authorised and Regulated by the Financial Conduct Authority.
Registration Number 689378.
Authorisation can be checked on the Financial Services Register
Data Protection Registration No. Z2752028
Registered under the laws of Delaware, USA
Registered address: 251 Little Falls Drive, Wilmington, DE 19808, USA
Lender Details: GAIN Credit LLC, Contact Address: PO Box 10756, Leicester, LE3 4GX
Drafty is an FCA-authorised provider of a Revolving Line of Credit with a credit limit of up to £3000, available to borrow as and when you need it (subject to affordability checks). You only pay interest on what you draw/use.
Representative Example: Assumed credit limit: £1200. Representative 96.2% APR (variable). Annual interest rate 69.4% (variable).
There is no set minimum or maximum repayment term, so long as the minimum monthly repayment sum is met, however, you may repay back early without any fees and save on interest.