Rebuild your credit

At PaydayUK we work with credit reference agencies. This means that when you apply for a payday loan with us that we check your credit record in order to make a decision as to whether we lend to you. This would leave a footprint on your credit file.

Rebuilding your credit rating

As soon as you repay your loan on your 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 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 PaydayUK, this will also be reported to the credit referencing agency, which may have a negative impact on your credit rating.

We use credit agencies

We work with nationally recognised credit agencies, which may help you improve your credit rating.

Rebuild your credit...

What our customers say...

'9/10 existing customers think MEM payday loans are a convenient way to obtain cash quickly.'

Read more feedback

PaydayUK have no hidden charges

We charge £14.50 per £50 borrowed and have no hidden charges and no fees. We keep it simple!

Read more...

Managing your money

PaydayUK provides access to information to help you manage your money more effectively.

Let us explain in full