How Updraft works
Safe, simple, and built to help you break free from consumer debt chaos.
How Updraft helps you
Updraft helps you pay off expensive credit cards, overdrafts & everything in-between by offering a smarter, simpler loan with one manageable monthly payment. Saving you stress, time, and often, money.
By consolidating existing borrowing, you may extend the term of your debt and increase the total amount you repay. Failure to make payments on time means you will pay additional interest and may make obtaining credit in the future more expensive and difficult.
How it works
5 straight-forward steps
1
Tell us about you
We’ll ask a few questions about your income, spending, and financial situation. Nothing scary, just enough to help us find the right solution for you.
2
Connect your bank
Securely link your accounts using Open Banking. It’s the same technology trusted by all major UK banks, from NatWest to Monzo. This helps us verify your income and spending automatically.
3
Connect your bank
If you’re eligible, we’ll show you a personalised loan offer. You can adjust the amount and repayment term to fit your needs.
4
Send your funds to card or bank
Once approved, we’ll send the money directly to your credit cards or to your bank account, if you prefer. Just like that, multiple debts become one easy monthly payment.
5
Track Your Progress
There are no fees if you repay early, and our free tools help you manage your money, track progress, and feel like a financial pro.
Simple, Trusted & Regulated
We take your privacy seriously, it’s baked into everything we do.
Updraft is authorised and regulated by the FCA (Firm Ref: 810923), so you know we play by the rules.
We use Open Banking to safely connect with your bank, the same secure tech trusted by HSBC, Monzo, NatWest and more. You’re always in control, and we only see what you agree to share.
Thousands have trusted Updraft to take control of their debt — and rated us “Excellent” on Trustpilot for it.
Your data is protected with bank-level encryption, and we never touch your money without clear permission.
In short: You stay in control. We stay accountable. Your data stays safe.
No Impact on Your Credit Score
Checking your eligibility won’t affect your credit score, so it’s risk-free to see if Updraft is right for you.