Just been thinking about some of the things on the roadmap, particularly the “short term loan” whereby you can split a large purchase into monthly payments.
In terms of your credit file, would this appear as a short term loan, similar to some of these pay day lending companies? Most short term loans have a negative impact on your credit score.
It’s not really something that interests me though I realise it may be of benefit to some people. Surely a credit card is an existing solution to this problem?
Seems like an odd thing for Starling to prioritise when there are so many other features that customers are crying out for