📅 After you take out a loan you’ll have to wait seven days before taking out another. We call it the cool-off period.
We do a lot of math here at Cleo HQ. Like a lot.
One thing we’ve noticed is that people who take out loan after loan are more likely to miss a repayment date than people who wait between loans.
Yep, if you repay $100 and then take another $100 straight out, you’re increasing your chances of not being able to pay back.
We’re not a bank. We don’t make money off you being in debt. We don’t want you to miss your repayment date and we’re giving you lots of ways to avoid that.
This cool-off period off period means you're less likely to go into debt.
So, y’know, it’s okay. Just keep cool 😎