Updraft helps people pay off credit card debt. If you are juggling several cards, different due dates, rising interest and an overdraft on top, one fixed-rate Updraft loan can replace the lot with a single fixed monthly repayment and a finish date you know from day one.
Updraft is a UK company, authorised and regulated by the Financial Conduct Authority (firm reference number 810923). Its legal name is Fairscore Ltd, company number 10868865, registered in England. It lends direct: it is not a broker and not a comparison service. Since its first loan in April 2019, Updraft has passed £1bn in loans to help people pay off expensive credit card debt.
Updraft works in three simple steps:
A single Updraft loan gives you:
You choose whether Updraft pays your card providers direct or pays the money into your current account, and you see your personal rate before you accept anything.
Worried that a rate check will hurt your credit file? It will not. 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.
Updraft also looks at more than your credit file. If you choose to share bank data through open banking (TrueLayer, read-only), Updraft can see your income and spending as part of its affordability check. That means an assessment of your real situation, not only your credit history. Every loan is subject to status and affordability.
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.
From 15.3% to 41.2% APR, £1,000 to £25,000, over 2 to 5 years available.
Updraft is built for people in the UK carrying balances on more than one credit card, often with an overdraft too. Many customers work full time, rent their home and have young children. If that sounds like you, and you want one fixed monthly repayment with a clear end in sight, Updraft could be a good fit.
You may recognise yourself in these situations:
You do not have to take a loan to get value from Updraft. The app is free to use, and the loan is optional. Inside you get:
To understand exactly how the process works from soft search to finish date, read the full guide to paying off credit card debt. For research on UK credit card debt drawn from Updraft's own applicant data, see our Updraft insights, and for practical money writing, visit the MoneyTalk blog.
Updraft is rated 4.8 out of 5 ("Excellent") on Trustpilot, from 6,348 reviews as of 12 November 2026. Customers describe a clear application, decisions within days, and the relief of managing everything in one app. You can view our Trustpilot page to read the reviews in full.
The recognition matches:
Founder and CEO Aseem Munshi was previously Head of Cards and Unsecured Lending at HSBC UK, and the team behind him has spent careers in UK consumer credit.
Check your eligibility today. It takes minutes, it is a soft search, and it will not affect your credit score.
A new loan is not right for everyone. If you cannot afford your current repayments, you can get free, confidential debt advice from MoneyHelper, StepChange, National Debtline or Citizens Advice. If you have a complaint, contact Updraft first; if you are unhappy with the final response, or do not receive one within eight weeks, you can go to the Financial Ombudsman Service.