2006-09-12 04:36:39 · 11 answers · asked by mystery 1 in Business & Finance ➔ Personal Finance
For sure!
2006-09-12 04:38:11 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It will certainly help if you have no credit. It won't hurt if you have bad credit at this point, but it won't heal it. Only time and consistant payments will help that.
Do make sure you make all your payments on time and at least the minimum amount. If you get a better credit rating you can start to get cheaper loans...Welcome Finance is probably rather brutal interest, but you must start somewhere!
2006-09-12 04:42:03 · answer #2 · answered by Yim 3 · 0⤊ 0⤋
Not Necessarily. If you take out a loan and then pay it off quickly it doesn't show much payment history.
Lenders look for the ability to make payments on time and in full, if there aren't many payments because the loans been settled it doesn't build much of a profile.
2006-09-12 04:44:35 · answer #3 · answered by RRM 4 · 0⤊ 0⤋
once you've time to plot then connect a credit Union,they're great once you've a low earnings and want even very small loans,at very sensible prices. you may manage for an quantity to be paid into your account out of your pay per week or month. you may open an account with £a million and they help you to borrow as a lot as 3 circumstances your mark downs on your credit Union account, they're run no longer for earnings and on the authentic of the 365 days you receives a dividend on your mark downs.
2016-11-26 19:43:35 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yes if you hit every payment date and are not late or default. Clear up your credit history by "buying" it (£2.50) from Experian.co.uk then challenge all your black marks (they are designated 1-2 or 3-4 or 5+) Just write to the companies that have a figure beside these nos and tell them the debt was settled, some will erase their black marks. Good luck!
2006-09-12 04:40:57 · answer #5 · answered by slug dance 2 · 0⤊ 0⤋
Yes if you keep up the payments and pay on due date every month
2006-09-12 04:39:58 · answer #6 · answered by di 3 · 0⤊ 0⤋
Anytime you pay off a debt in a timely matter helps.
2006-09-12 04:42:33 · answer #7 · answered by KL 5 · 0⤊ 0⤋
yep, when you pay off loans, especially if you pay early, your credit report is notified. try experien to get your report, costs bout 4 quid
2006-09-12 04:47:46 · answer #8 · answered by jo 3 · 0⤊ 0⤋
yep.if you pay it back on time without missing payments,it sure does
2006-09-12 04:38:45 · answer #9 · answered by Anonymous · 0⤊ 0⤋
your credit will be better if you do not default, mu husband used to be a manager for welcome and their interest rates are HUGE
2006-09-12 04:51:17 · answer #10 · answered by horsegal 3 · 0⤊ 0⤋