Need help to rebuild your credit

My Payday Loan works with UK credit reference agencies

When you apply for a payday loan with My Payday Loan, we check your credit history to help us make a responsible lending decision. Once you have been approved and then take out a payday loan, we will have left what we call a footprint on your credit file.

As soon as you repay your loan on your next payday, we will report that to the credit reference agency, so that they will know that you have repaid your loan. This may help to rebuild your credit rating, as the credit referencing agency can see that you have repaid a loan. We will report this every time you take out a payday loan and repay it to us. As you gradually improve your credit rating, you will find that you may be able to borrow larger amounts from us and apply for other financial products that you may have been refused for in the past.

However, if you do not repay your loan and fail to contact My Payday Loan, this will also be reported to the credit referencing agency, which may have a negative impact on your credit rating.