A line of credit gives you a borrowing limit you can use again and again (up to your credit limit). For example, if your limit is £1,000 and you borrow £200, you only pay interest on £200. With Drafty, you can draw money online or in the app and we’ll send the cash in under 90 seconds*.
You can apply for a line of credit if you:
We check your finances, eligibility, and credit history before reaching a decision. We also run affordability checks to set a credit limit that’s right for you.
You can apply for a credit limit between £50 and £3,000.
We can’t guarantee that you can borrow the amount you applied for. We’ll check your details and might offer you a lower credit limit based on our assessment of your ability to repay.
We can’t confirm approval until we review your application. We use the most up to date information about you to make sure your credit line is affordable for you.
If your loan isn’t approved, it just means you don’t meet our lending rules for now. Things can change, so you’re welcome to try again in the future and we’ll look at your new application with care.
We send most Drafty transfers to your bank in under 90 seconds. It may take longer due to your bank’s processes. Check with them first, and if you still need help, please contact us online/ via chat, or by logging on to your account through our app or website.
As part of your application with us, we’ll check your credit file. This isn’t the only factor we use to make a decision. If you take out the line of credit, our check will be recorded on your credit file. Other lenders will be able to see that we made an enquiry, but not the outcome.
If you make too many applications with different lenders in a short time, this may lower your credit score and reduce your ability to get credit in the future.
If your application isn’t successful, our enquiry will be recorded as a soft search. You’ll be able to see it, but other lenders won’t. A soft search doesn’t affect your credit score or any future applications you make.
For Drafty flex, we give a minimum credit limit of £200 .Your first draw can be as little as £50. After that each draw must be £100 or more (up to your credit limit).
We may offer an increase to your credit limit (up to £5,000 for existing customers) if we believe it’s affordable. We’ll tell you by email, SMS, or through the app, and you’ll have 30 days to accept. If you don’t accept, your limit won’t be automatically changed.
However, you can’t raise your limit on request if you contact us and ask us to increase it.
If you’d like to see how much of your credit line you’ve used, simply log in to your account – either through our app or website.
Example: If your credit limit is £800 and you’ve already drawn £200, you’ll still have £600 available to use.
Remember, you only pay interest on what you borrow. You won’t be charged for money that’s available that you haven’t used.
Sometimes, we may need to put your line of credit on hold. If this happens, we’ll explain why and guide you on the next steps.
This could be because:
If you’d like more details or support, just log in to your account and chat with us, email us at info@drafty.co.uk, or call us on 0203 695 8072#.
We’ll send you a monthly statement showing what you owe and what your minimum monthly repayment is. Your minimum repayment is the larger of:
You’ll need to make at least a minimum monthly payment of 6% of the amount you borrowed. If you’ve set up a continuous payment authority (CPA), we’ll collect the payment automatically each month.
If you haven’t set up a CPA or if want to pay more than the monthly minimum, you can pay via your online account. You can access it either on the Drafty app or the website.
You can pay online through these simple steps:
If you pay by bank transfer, please include your Drafty account number (shown in your online account) as the reference so we can apply the payment to your account quickly.
Yes – you can pay by Google Pay or Apple Pay. Just log in, select the option, and your payment should show in your account within minutes. It’s safe, quick, and easy.
To update your debit card, please log in online or in the app – never email us card details. To change your payment date, chat with us, email info@drafty.co.uk, or call us on 0203 695 8072#.
You can’t change the date after your monthly statement has been sent.
If you’re late making a repayment, it’s really important to get in touch with us straight away. Remember, interest will keep building for longer than planned, which can make your line of credit cost more. A missed payment will also be recorded on your credit file, which could affect your ability to borrow. It’s always best to reach out to us if you think you might struggle to pay on time. We’re here to help.
Here’s how you can access the Drafty website in a few simple steps:
Afforda, formerly known as The Drafty Club, is your go-to hub for savings, discounts, and helpful support all in one place.
You’ll have the same great offers you loved on The Drafty Club, but with even more to enjoy!
Joining is completely free. Once you’re in, you’ll get access to:
Sign up to Afforda. It’s quick, free and you’ll keep enjoying all the discounts you love!
The Drafty Club has moved to Afforda. You’ll need to sign up to Afforda to keep enjoying the discounts you love.
You’ll need to sign up to Afforda. It’s quick and free, and once logged in, you’ll be able to access your discounts.
You’ll get an email notification each time you redeem a reward. It’s that easy.
For the most part, yes. However, please read the terms and conditions on the individual rewards as they may differ between them.
If you’re having trouble receiving your rewards you can contact Perx at support@perxrewards.co.uk or 0333 050 8174 (Mon-Fri 9:00-5:30, excluding Public Holidays).
Worried about payments? Contact us early – we may be able to offer a payment break or a lower repayment plan.
You can also get free, impartial advice from MoneyHelper at moneyhelper.org.uk or call them on 0800 138 7777.
If you’re facing health issues, sudden changes, or other challenges, please tell us – we may be able to help. We won’t judge. We’ll simply use the information you give us to understand how we can best support you.
You can also get free, impartial advice from MoneyHelper at moneyhelper.org.uk or call them on 0800 138 7777.
If you wish to see how we’ve already helped customers, please click here. If this feels like your situation, talk to us.
We check your credit file when you apply. If you take out a line of credit, it shows as a record on your file. Too many applications with different lenders in a short time can lower your score. We also update Credit Reference Agencies monthly with your repayments. From time to time, we may run soft searches to make sure that we can continue to offer you a line of credit – these don’t affect your score.
We also update your repayments with Credit Reference Agencies each month. You can view your report free at sites like CreditKarma or ClearScore. Trans Union is one of the credit reference agencies used by us.
You can find more about them and other Credit Reference Agencies here: Credit Score Frequently Asked Questions | TransUnion UK
We store some details to manage your account and share monthly updates with Credit Reference Agencies. You can ask for a copy of the data we hold about you at any time through our contact us page. Once our relationship ends, we only keep your information for as long as needed, then securely delete it.
Details about how we use your data can be found in our Privacy Policy which can be found here.
We’ll never ask you upfront for application or processing fees. If you get a suspicious call, you’re unsure about, hang up and call us on 0203 695 8072#. Never share your details – instead, report it to Action Fraud on 0300 123 2040, or through 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 Info” where you can make changes. You can also call us on 0203 695 8072# or chat with us once you’re logged in.
If you’re unhappy with our service, please let us know straight away. We can usually sort things quickly and without fuss. Of course, you always have the right to make a formal complaint to us.
The easiest way to do this is by logging into your account and chatting with us. You can also:
We’ll acknowledge your complaint within two business days and aim to give you our final answer within eight weeks.
If you’re unhappy with our final response, or haven’t received one within 8 weeks of making your complaint, you can contact the Financial Ombudsman Service free at www.financial-ombudsman.org.uk or call them on 0800 023 4567.
Download our full complaints handling procedure here.
Firm Name: GAIN Credit LLC
Trading Names Covered: Lending Stream, Drafty, & Afforda
Reporting Period: January 2025 – June 2025
| Brand | Drafty Flex | All brands under GAIN Credit LLC |
|---|---|---|
| Product / Service / Grouping | Credit Related | Credit Related |
| Provision (at reporting period end date) | 1.05% | 1.13% |
| Number of complaints opened | 812 | 2687 |
| Number of complaints closed | 1010 | 3019 |
| Percentage upheld | 46.24% | 30.47% |
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.