A UK Payday Loan Can Help You Build Your Credit History
Do-It-Yourself Alternatives to Build your Credit
by Branford Lyles on October 17, 2011
You don’t need to hire an agency to start repairing your credit; you can do it yourself at little or no cost. Free advice is available about County Court Judgments, bankruptcy, defaulted accounts or other arrears. In addition, you can start building a better credit history today by taking out a secured credit card or a UK payday loan.
Help Is Available Free of Charge
The first thing you’ll need to know is your credit score. There are three credit reference agencies in the UK: Experian, Equifax and CallCredit. All three allow you to order your credit reports online for just £2.
- Experian Customer Support Centre, PO Box 8000, Nottingham NG80 7WF Tel: 0844 481 8000
- Equifax Ltd, Credit File Advice Centre, PO Box 1140, Bradford, BD1 5US Tel: 0844 335 0550
- Callcredit plc, PO Box 491, Leeds LS3 1WZ Tel: 0870 060 1414
For a free consultation on debt and credit problems, call:
- Consumer Credit Counselling Service: 0800 138 1111
- National Debtline: 0808 808 4000
County Court Judgments and records of arrears can sometimes be removed from a credit file, but never attempt to lie to a court. Do not pretend you have not received a Summons if you have. The legal consequences of lying to a court can be harsh.
UK Payday Loans
To avoid taking on credit card debt, applying for a payday loan can sometimes be the better alternative. A UK payday loan is a small loan that can be approved in minutes, with the cash you need deposited directly into your account within 24 hours. Borrowers need only be at least 18 years old with a bank account and monthly income of at least £1,000.
Secured Credit Cards
Another way to build good credit is to obtain a secured credit card. The cardholder opens an account with the lender and deposits a certain amount of money as collateral. A deposit of £500.00 gives the card holder a £500.00 limit on the card. Transactions on this card, when paid off promptly, will help you begin establishing a positive credit history.
More Information
To get the free booklet “Credit Explained” from the UK Information Commissioner’s Office, phone 0870 600 8100 or download the booklet.
Since 1997, CashAdvance.com has been the most established and trusted name in the cash advance industry, connecting over a million consumers with payday loans from its vast network of reliable lenders.
Additional Reading for UK
- A Manchester Payday Loan Can Help Offset The Citys Higher Cost Of Living
- Birmingham
- Build Credit With A Payday Loan
- Consumer Protections Benefit Leeds Payday Loan Borrowers In Tough Times
- Get A Uk Cash Advance Now When Next Week Is Just Too Far Away
- Glasgows Cost Of Living Vs Income Disparity Makes Payday Loans A Valuable Resource
- Liverpool
- London
- Newcastle
- On Track With A Payday Loan
- Prevent Future Expenses With A Uk Payday Loan
- Solve Your Money Problems
- Take Control Of Your Finances With A Uk Payday Loan
- Top Ten Payday Loan Benefits
- Try One Of Our Easy Leicester Payday Loans Today
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