Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative example: £400 borrowed for 30 days.
Total amount repayable is £459.36. Interest charged is £59.36, interest rate 180.5% (variable). Representative 728.9% APR.
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Do you have a poor credit score? If you do, you will no doubt be aware of the impact that it can have on your life. Amongst the issues a poor credit score can cause are:
If you are looking to improve your credit score, then it’s important to realise that there are ways to do this but it’s not going to be easy and it’s not going to be quick. Amongst the things you can do are:
Using Payday Loans To Improve Your Credit Score
One of the most effective ways to improve your credit rating however is surprisingly take out more credit. This may come as a surprise but if you think about it, it isn’t. A poor credit score shows that someone has mishandled their finances in the past and by taking out more credit but handling it in a positive and correct manner, you can help improve your credit score. With a poor credit score it may almost be impossible to take out a bank loan or a credit card which make payday loans perfect for this purpose. This is for three main reasons:
Payday loans aren’t just for emergencies and can be a powerful tactic in ensuring your credit score is repaired.