Zilch Launches Zilch Up: Affordable Credit for UK Consumers
Zilch, a UK-based payments network, has recently launched a new product called Zilch Up, aimed at providing affordable credit options to individuals who are typically excluded from traditional credit in the UK. This innovative product is designed to help users access credit, build their credit history, and improve their financial well-being.
Philip Belamant, CEO and co-founder of Zilch, expressed the company’s mission to democratize access to interest-free and affordable credit, ultimately improving the lives of millions of families and individuals in the UK. Zilch Up has already shown promising results, with the potential to help over 25,000 credit-invisible individuals become visible to credit reference agencies.
One of the key benefits of Zilch Up is the availability of affordable loans and credit score improvement. Users can access credit limits ranging from £50 to £1000 and have the option to increase their limit easily through the app. Additionally, customers can pause their line of credit and use Zilch as a debit card, providing flexibility in managing their finances.
To ensure responsible borrowing and credit building, users are encouraged to make timely payments and maintain a consistent payment history. Zilch also plans to offer credit coaching and access to credit scores within the app to support users in their financial journey.
Zilch is a multi-award winning fintech company that aims to revolutionize the payments industry by merging debit, credit, and savings. With a focus on providing a seamless user experience and innovative payment solutions, Zilch has quickly gained popularity among consumers. As the first UK BNPL credit provider authorized by the Financial Conduct Authority, Zilch has amassed over 3.5 million registered customers in just 36 months since its launch.
Overall, Zilch Up represents a significant step towards increasing access to affordable credit and improving financial inclusion in the UK. By leveraging advanced technology and consumer-centric solutions, Zilch is paving the way for a more inclusive and accessible financial landscape.