Published: 08/10/2020

Improving Your Credit Rating


At 1 Plus 1 Loans our main aim is to help our customers by lending them the funds they need while ensuring that the repayments are affordable and won’t cause hardship. So if you're looking into improving your credit rating we just might have the solution you need.

How can a personal loan improve your credit history?

Most companies use a credit referencing agency not to judge an application by the score but by assessing the applicant’s history of credit agreements. At 1 Plus 1 Loans we report your progress on a monthly basis to our associated credit referencing agencies. This means that your credit history will show that you have a proven track record of controlling your finances and making payments on time.

This can make you a much more attractive applicant for future applications that involve a credit reference, such as loans and mortgages etc.

Will a personal loan damage your credit?

A personal short/medium term loan is not the same as a pay day loan. Payday loans are rumoured to make your credit rating lower but a loan of 12 months or longer may help improve your rating, as long as you make payments in a timely manner every month.

All credit is subject to meeting our credit worthiness and affordability criteria.


Last updated: 23/10/2020

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