Updraft helps people pay off credit card debt. If you are carrying balances on more than one card, often with an overdraft on top, Updraft replaces those expensive balances with one fixed-rate loan, one fixed monthly repayment, and a finish date you know from day one.
Most of the people who come to Updraft are not looking for more credit. They already have several cards, each with its own rate, its own due date, and no clear end in sight. Card interest keeps rising, minimum payments barely touch the balance, and every month the overdraft adds another cost on top.
One fixed-rate Updraft loan pays off your card and overdraft balances together. From that day you have one repayment, one due date, and one rate that is fixed for the full term. Every loan comes with a finish date from day one, and the app gives you tools to try to beat it.
Loans run from £1,000 to £25,000, over 2 to 5 years, unsecured, so no home or other asset is needed. Each applicant sees a personal rate before accepting, and you choose whether Updraft pays your card providers direct or pays the money into your current account.
9%APR Representative based on a £10,000 loan over 60 months at 20.40% fixed interest p.a. Monthly repayment £283.20. Total repayable £16,992 (inc. £600 fee). Subject to status and affordability. Consolidating debt may increase the term and total amount repaid.
Updraft works in three steps:
You can walk through the whole process on the How to Pay Off Credit Card Debt page, or try the free pay off calculator to see how long a card balance really takes to clear at minimum payments.
One of the biggest worries people have is that checking a rate will damage their credit score. With Updraft it does not have to. The eligibility check at get.updraft.com is a soft search: it does not affect your credit score, and other lenders cannot see it.
A hard search, run through TransUnion, only happens if you accept a loan offer. Before that, you can optionally share your bank data through open banking (TrueLayer, read-only), so Updraft looks at your income and spending, not only your credit file. That matters if your bank has already turned you down for a consolidation loan, because a fuller picture of what you earn and spend can show a different story than the credit file alone.
The loan is optional, and the app gives you tools either way:
If a bonus, a tax refund, or a good month lets you overpay, you keep the benefit. There is no early repayment charge eating into it.
Updraft's typical customers are working people across the UK who carry balances on more than one card, often alongside an overdraft. Many work full time, rent their home, and have young children. They want one fixed monthly repayment and a date when it all ends.
A new loan is not right for everyone. If you cannot afford your current repayments, free, confidential debt advice is available from MoneyHelper, StepChange, National Debtline or Citizens Advice.
Updraft is the trading name of Fairscore Ltd, company number 10866865, registered in England. It is authorised and regulated by the Financial Conduct Authority, firm reference number 810923, and anyone can confirm this on the FCA register. Updraft lends direct; it is not a broker.
The company made its first loan in April 2019 and has since passed £1bn in loans to help people pay off expensive credit card debt. Founder and CEO Aseem Munshi was previously Head of Cards and Unsecured Lending at HSBC UK, and the team behind him built Updraft around a simple idea: show people exactly what they owe, what it costs, and how to end it.
That record has earned recognition. Updraft won Best Personal Finance App at the British Bank Awards 2026, was named one of Britain's 100 fastest-growing companies in the ORESA Growth Index 2026, and holds a Trustpilot rating of 4.8 out of 5 ("Excellent") from more than 6,300 reviews. You can read the reviews for yourself.
Curious what a fixed-rate loan would look like against your card balances? Start with a soft search at get.updraft.com and see your personal rate before you decide anything. It will not affect your credit score, and other lenders cannot see it.
Prefer to read first? The MoneyTalk blog covers UK credit card debt, balance transfers, minimum payments and more, including Updraft's own research on how people across the country carry card debt. You can also explore the app to see how loan management works before you apply.
From 15.3% to 41.2% APR, £1,000 to £25,000, over 2 to 5 years. Every loan is subject to status and affordability, terms and conditions apply, and consolidating debt may increase the term and total amount repaid. For deeper research and data on UK borrowing habits, see Updraft insights.