Need a boost before payday but have no credit history?

If you are young, have just graduated or are studying, you may be disheartened by the fact that the majority of banks will consider you as having no credit history and will therefore decline any application you make for payday loans or extended overdrafts.

The banks will look at your file and see that because you haven’t got much of a financial history, they consider you a risk and would not want to lend to you.

However, there are ways of obtaining the credit you need through other reputable lenders who will not use your low credit history as a reason for declining your applications.

Young people may also find it difficult to get on the property ladder due to the same reason. However, there are also bad credit mortgages available to help you step onto the property ladder.