Lenders will be able to see any payday loans and other borrowings on your credit history for six years. Some lenders will still ask you if you’ve ever taken out a payday loan, even if it’s disappeared from your file. If this happens, you should always be honest about it - it’ll save you time and money in the long run!
With any financial issues, it’s best to face them head on. Finding out your credit score and reviewing your report will give you a great place to start from. You can get a free copy of your credit file with a trial of checkmyfile* (usually £14.99 a month). Once you have your report, you can then check for any errors and see where you can improve.
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