Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

Get The Money You Need

Apply to Borrow £1000 to £25,000*



Apply for fast and secure online loans today

  • Apply For £ 50 – £ 1,000
  • Fast Payout
  • No Fees
  • Secure Appilcation
  • Available 24/7
  • Bad Credit


The importance of your credit score cannot be discounted when it comes to your financial state. Whenever you need to take out a loan, it is going to always appear in the equation on whether you will be approved or not. This is also the reason why a lot of people are concerned over theirs, where they stand, and if there are ways they can improve their standing. 

How to Improve Your Credit Fast

If you have an existing debt, you’re probably wondering if there are ways you can pay it off as soon as you can. Nobody wants to be in debt, after all. But the question to ask is if this is going to have a positive impact on your overall credit standing. 

When credit agencies assess and calculate your credit score, one of the things that make up a huge percentage in the calculation are your payments history and your credit utilisation. A low credit utilisation looks good for you. If you keep your current debt within 30% or less, you’re good. Anything above that and lenders might think you’re a credit risk.

However, if you will bring your credit utilisation to 0%, then expect that your score is going to dip. You’d think that paying off a loan would be a good idea for you. However, if this means pulling your credit utilisation to zero because you no longer have an existing debt, then your credit score is certainly going to take a hit. 

Stick with the Plan

Instead of paying off your loan before its term, it is better to stick with the term. Just make sure that you pat it on time as this would make you look good to lenders if you will ever decide to borrow in the future. Besides, paying off a loan early can result in an early repayment fee. It is best to stick to the payment plan you have agreed with the lender and use this opportunity to get an even better score for even better deals when you take out a loan next time. 

Payday loans are notorious for giving you that instant money boost should an emergency comes happens. They are usually small and only for a short-term, aimed at giving borrowers an immediate fix. From the term payday, these loans usually have to be paid back come the next payday.

Additionally, payday loans are also unsecured. Given that it is easier to apply for this one as opposed to other loans, one of the most commonly asked questions is whether you can get more than one payday loan at once.

How Many Payday Loans Can I Get at Once?

Generally, financial institutions do not offer borrowers more than one loan at a time. This is to mitigate the risk should the borrower be unable to pay back the loan. Payday loans are not an exception. This means you can also only get one payday loan at a time.

However, there have been certain cases in which a borrower was able to get more than one payday loan from various lenders. This usually is a rarity because financial institutions perform checks to ensure that you have no open credit.

Why Getting More than One Loan at Once is a Bad Idea?

Just one loan can already be hard to manage, much more with more than one loan at a time. Applying for loans stem from a financial need. And when you have a financial need, paying loans back can be a struggle. This is also the very reason why banks don’t allow borrowers to get more than one loan at a time.

Why Payday Loans May Not Be a Good Idea?

Payday loans, as said, is much more of an instant cash boost. It’s not advisable to get this type of loan for a long-term financial need as you will just fall into a cycle of rolling over payday loans. It can be hard to get out of them so use payday loans responsibly.

Get The Money You Need

Apply to Borrow £1000 to £25,000*