Prepare the file
Payday loan history
Payday and short-term loans are visible on many credit files. A settled loan from years ago and an open loan today are not the same fact.
What this page will not do
- Settled does not mean invisible.
- Taking a new short-term loan to clear another one is a fact a broker will see on the statements.
- It will not name a lender, a product, or an approval chance.
Questions
- Does one payday loan rule me out?
- This page cannot say. It can help you list what is there.
- Should I close buy-now-pay-later accounts?
- Ask the broker before you shuffle credit just ahead of an application. Do not take a new loan to tidy the file on the advice of this page, because this page is not advice.
MortgageConnector provides free mortgage research and calculators. If you want personalised advice, we can introduce you to an FCA-authorised mortgage broker. We do not provide regulated mortgage advice ourselves.
The matching service is free for you. Partner brokers pay MortgageConnector for introductions. If you ask for an introduction, the details you submit are shared with the selected partner. The broker is responsible for regulated advice. Check the firm on the FCA Register.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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An FCA-authorised broker can look at your income, credit and the property. MortgageConnector will introduce you. We do not recommend a mortgage.
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