Unfortunately, you can't remove any information on your credit report that is correct. But the good thing is that all applications for things like credit cards, payday loans, home loans, car loans etc., only stay on your credit report for five years. In the meantime, avoid credit repair companies who say they can wipe payday loans off your credit report - they can't. They're also extremely unlikely to be able to repair your credit score, but they'll charge you through the roof for it anyway. Instead, work on building good money habits yourself (this is free!) or consider speaking with a free financial counsellor who can help you get back on track.