When you apply for a loan, we’ll conduct a search with Credit Reference Agencies. This will give us information about your current and previous handling of credit. You’ll be able to see that we made a search of your record on your credit file.
We check your credit file as part of the application process. However, it’s not the only factor which we use to make our decision. If you take a loan from us a full credit check which will be recorded on your credit file. Too many checks with different lenders over a short period of time can affect your credit score, reducing your ability to get credit in the future.
Once you’ve taken a loan, we’ll tell the Credit Reference Agencies about your repayments every month. If you ever want to check information on your credit report, there are a number of services available which you can use free of charge to do so. These include www.CreditKarma.co.uk and www.ClearScore.com.
One of the credit reference agencies we use is Trans Union. You can find more about them and other Credit Reference Agencies here: Credit Score Frequently Asked Questions | TransUnion UK
To manage your account, we’ll store some information about you. We’ll tell the Credit Reference agencies every month about how you are managing your payments.
You can ask us at any time to show you what information we hold about you. You can do this is by going to our contact us page and making a Data Subject Access Request.
Full information on how we use your data can be found in our Privacy Policy which can be found here.
Please make sure you’re dealing with the real Drafty. There are fraudsters out there who may try to trick you into applying elsewhere. We’ll never ask you for upfront payments, application fees or processing fees.
If you receive a phone call and you are not sure if the person is genuine, end the call, and call us on 0203 695 8072#
Please don’t provide personal or financial details to anyone who contacts you to request them. You should report them immediately to Action Fraud by contacting them on 0300 123 2040 or using their online form http://www.actionfraud.police.uk/report_fraud.
It’s easy to update your information. Just go to your online account and go to “My Profile” where you can make changes. You can also call us on 0203 695 8072# or chat to us when you’re logged in.
Please think carefully about whether Drafty is the right solution for you. This is even more important if you're in financial difficulty. If we don't think you can afford to repay your credit, we won't be able to approve you. We'll look at your current finances and credit history before we decide whether to give you credit. Failure to repay could impact your credit file.