You have to give SafetyNet permission to access your account transaction data, and they’ll also run a credit check and a status and affordability assessment to see whether you can afford repayments. New customers can borrow up to £500, while those with a proven record can access up to £1000. They will continue to pursue the outstanding debt, and likely escalate their efforts if you ignore them. You shouldn’t ignore contact from Indigo Michael Limited, even if they’ve sent you a letter in error. On Trustpilot, there are many five-star reviews of the service.Īgain, this goes to show that they’re a real business with a positive reputation. In general, SafetyNet, the company that Indigo Michael Ltd owns, seems to have a positive rating. You can also talk to their agents about interest rates. They can provide details of their money advice service as well as any county court judgements (CCJs). Indigo Michael can be reached using any of the methods listed above. So, if you’ve had a letter from them, you can guarantee it’s real. The Companies House number is particularly important as it shows that Indigo Michael Ltd is a company that’s been registered in the UK. Windsor Court, Kingsmead Business Park, Frederick Place, High Wycombe, Buckinghamshire, HP11 House Number: If you need the essential information proving that they’re a legitimate company, you can find it below: Address: In short, nobody can access your account unless you give them permission first. It’s worth noting that only you can choose the kind of information you want to share and for how long. When you opt to work with Indigo Michael, you effectively authorise the company to access your current account information. In this instance, you’d be dealing with Indigo Michael Ltd who’d have access to your account information.Īn example is through a banking app. Open Banking refers to standards and technologies that allow you to securely share your account details and information with a third party. This government initiative means that Indigo Michael Ltd can access your bank transaction data provided you give them permission. SafetyNet allows customers to borrow up to £500, usually to cover monthly costs so you don’t go into your overdraft.Īs well as SafetyNet Credit, Indigo Michael Ltd are also known as Account Technologies, a firm that’s registered with the Lending Standards Board and the Financial Conduct Authority (FCA).Īlthough founded in 2011, since 2019, they have been taking an ‘open banking’ approach to their finance. They track the daily balance of your account and deposit money when balances fall below an agreed level ( determined when you set up the account). SafetyNet Credit Services is the trading name of Indigo Michael Ltd.Ĭustomers get a revolving line of credit, meaning that a set amount is always available and can be re-borrowed once it’s repaid. Indigo Michael Limited is an online creditor running account credit facilities that offer customers a revolving line of credit. ![]() It’s all about what’s right for your personal circumstances.įill out the 5 step form to find out more. ![]() ![]() There are several debt solutions in the UK, choosing the right one could write off some of your unaffordable debt, but the wrong one may be expensive and drawn out. You could get rid of Indigo Michael by writing off some of your debt. Complaints to the Financial Ombudsman have risen this year from 830 to 2,006, so it’s safe to say that you’re not alone.ĭeal with your debt today and feel amazing tomorrow. I look at who Indigo Michael Ltd are and what you should do if they contact you about debt so that you know how to navigate your way towards debt freedom! Many companies position themselves as helpful in these challenging times. A wide and varied array of factors can impact your financial health at any time, presenting all kinds of challenges. ![]() The world of finances is often a tough one to navigate. If you’ve been contacted by Indigo Michael and you’re confused about what comes next, I cover how to deal with Indigo Michael Ltd debt collectors in my post.
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