About our Credit Checks
A credit check looks at the information that is held by credit reference agencies e.g. Equifax, Experian, or Transunion. Looking at this information helps us to see how you have managed credit in the past year and if you are managing to make your current credit payments.
We know that many people who apply for our short term loans have a poor credit score or a bad credit score and while we do look at your credit score, we don’t expect it to be perfect. We understand that things happen which can mean you need to miss some payments at times.
Soft Credit Checks
We start off with a soft credit check when you apply for our small loan. Other lenders can’t see soft credit checks and they have no impact on your credit score. We still need your permission for this and we can’t complete your application without this permission.
Can I Check My Own Credit Score?
There are lots of free websites where you can check your credit score and also your payment history with all your credit providers.
You should think about looking at this information, especially if you have been told you have a poor credit score or bad credit score to make sure the information the credit reference agencies are using is correct. If not, you can tell them and get it updated for you.
If you sign up to these free services they will provide hints and tips on how to increase your credit score and this may mean you can access more credit options in the future at a lower price.
If you want to find out more about checking your credit score, you can check out our blog here
How much would you like to borrow?
Representative Example
This is an example of the repayments and total cost of your loan. Payments may be different depending on your start date, payment date, and interest rate offered. Our representative APR IS 239%, which on a £500 loan over 32 weeks, would be a total of £728.34
Moneyline… We're more than a Loan
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You will need to apply through the Moneyline App
If you think this information is incorrect you can speak to us by phone 0345 643 1553 or by email at serviceteam@moneyline-uk.com