The administrators of Indigo Michael Limited have announced that all current SafetyNet Credit and Tappliy balances are being written off. And that any affordability complaints have to be made within the next few weeks. My previous article SafetyNet Credit goes into administration gives details about why the lender failed. And also why, unusually, it was allowed to carry on lending to existing … [Read more...]
SafetyNet Credit goes into administration
UPDATE - in March 2024 the administrators announced they are no longer collecting any payments for the remaining loan balances. Also any more affordability complaints must made in the next few weeks. See SafetyNet & Tappily loans are written off for details. Indigo Michael Limited (IML) went into administration on 9 January 2023. It had two lending brands - SafetyNet Credit … [Read more...]
July 2022 – SafetyNet Credit halts lending after FCA restrictions
UPDATE - In January 2023, Indigo Michael, who operates the SafetyNet Credit and Tappily lending brands, went into administration. See SafetyNet Credit goes into administration for a description of SafetyNet Credit's previous lending and what is expected to happen in the administration. This is bad news for customers hoping for a refund for unaffordable lending. The rest of this article is … [Read more...]