The Credit System Has Problems — And It's Hurting the People Who Need Help Most

If you’ve ever been rejected for credit, you know how frustrating it feels — especially when you’re doing your best. 

You’ve got a steady income, bills are getting paid, and you’re not asking for much. So why is the answer still no?

It’s not just you. The credit system has problems — big ones.

It’s Built on the Past, Not the Present ⏱️

Traditional credit scores are built around your financial history — not your current reality. 

That means if you’ve never had credit before, or if you missed a single payment a year ago, the system might see you as too risky.

This isn’t just unfair — it’s outdated.

Let’s say you’re on a zero-hour contract or working multiple part-time jobs. You’re earning enough to get by, sometimes even saving a little. But the credit system doesn’t see that. It sees instability. It sees risk.

Or maybe you’ve avoided credit cards altogether because you’ve been responsible. That makes you invisible to the system.

The Cost of Living Is Rising — and People Are Falling Through the Cracks ⚡️

Right now, millions of people are struggling with the rising cost of living. 

Rent is up. Food prices are up. 

Fuel, childcare, council tax — it all adds up. And when an unexpected expense hits — a broken fridge, a medical bill, a late payment — the pressure is immediate.

But for people with low or no credit scores, the only options available are often high-interest loans, payday lenders, or buy-now-pay-later traps. These can create spirals of debt that are hard to escape from.

And the truth is: these people shouldn’t be rejected in the first place.

A Fairer Way Is Possible

At SteadyPay, we believe that access to credit shouldn’t be based on an outdated score. 

That’s why we built CashWave — to offer fair, ethical, and transparent credit, using open banking to assess real affordability.

With CashWave, you can borrow up to £300 and repay it over three months, with no interest — just a simple monthly fee of £30. 

If you repay early, the fee stays at £30. No penalties. No hidden costs.

Because we believe credit should help you move forward — not hold you back.

Ready to try a better way?
Download the SteadyPay app and see if you’re eligible for CashWave.