We want to challenge the way banks and lenders make money. When we looked around for inspiration, it came from modern businesses that don’t operate in financial services. Think Netflix and Spotify. They make money by charging a subscription fee. We replicated this with SteadyPay because we believe it’s a Read more…
People don’t like to lose. We associate unpleasant emotions with it, like sadness, pain and frustration. Indeed, we’re hard wired to avoid losses. Especially when it comes to money. Finding £100 is nice, but being out of pocket £100 is just not on. When we make decisions we tend to Read more…
Can’t make a repayment? Don’t be afraid to ask for help Life happens – job loss, illness, family crisis, a sudden increase in living expenses. We understand there may be times when you just can’t afford to make a top-up repayment. Do reach out to us if this happens, rather than Read more…
We’re something new to the world of finance – a subscription credit service for people paid by hour. There’s no interest charges and no hidden charges, like missed repayment fees. The only thing you pay is one, low, weekly subscription fee, which gives you access to £1000 of revolving credit Read more…
In our very first blog, we discussed how SteadyPay is different to overdrafts. We thought we’d revisit this, but also look at credit cards and payday loans. Purpose Overdrafts can help when your bank account is in meltdown and there’s a bill to pay urgently. However, if you find yourself relying on Read more…
When we started SteadyPay, we worked out of what used to be a yoga studio. It was small, just able to squeeze in four desks. It was all we could afford. Almost a year later we moved into our first proper office. To mark the occasion we used washi tape to decorate Read more…
Taking time off can be a big decision. For those paid by the hour, a loss of just a few days wages can have a detrimental effect on the budget. With SteadyPay you can afford to take time off. The top-ups allow you to enjoy what, in effect, is paid Read more…
Over the course of the year there will be times when your pay will take a hit. Rostered fewer shifts. Time off sick. Holiday. We’re there to protect your pay in situations like this. We achieve this by topping up your pay. The logic behind the top-ups is simple, as Read more…
“So how are you different from overdrafts?” It’s a question we get asked occasionally. It’s a simple question, but one that goes to the heart of what SteadyPay’s about. The answer largely concerns design intent. Overdrafts are designed to be a quick fix. They address a symptom of the problem Read more…