Poor credit history: how iDosh can help

Cash flow problem?

We’ve all been there: the bills add up and before we know it our monthly salaries just can't cope with expenses. It doesn't matter how many times you sit down and crunch the numbers: sometimes your pay packet simply won't stretch far enough.

It's times like these when bills or other financial commitments can sometimes fall by the wayside, which can be detrimental to your credit rating - making it more difficult for you to successfully apply for loans or other forms of credit.

Poor credit history

Thankfully, there are options available for those with variable credit history. If you're looking for a loan, then iDosh may be able to help. Although we do carry out credit checks on everyone who applies, this won't necessarily rule you out if you have a less-than-perfect credit history.

We consider every application individually, taking into account your current circumstances, to help us make an informed decision on whether we believe you'll be able to pay back your loan. The credit check process is instant, so you won't be left waiting for approval.

We usually make an instant decision on applications, but if your application isn’t instantly approved then we will contact you, and in rare cases you may need to fax us some additional information.

We're open and honest

You may think that there's a catch, but we pride ourselves on being honest and transparent with our customers, and our loans have no hidden charges, fees or complicated small print.

Your loan can last for anywhere between 8 and 37 days, leaving you free to take care of any outstanding debts which need to be cleared. You can qualify to apply for an iDosh loan as long as you:

• Are aged 18 years old or over
• Are resident in the UK
• Have a UK bank account with a valid debit card associated with it
• Receive your salary into the above bank account on a regular basis
• Full time employed
• Have a steady income with a take home pay of not less than £850 a month

Improve your credit rating

First time customers can borrow up to £400, and if you use our service again and repay your loans on time, you may qualify to borrow up to £1,000, subject to assessment. Paying a loan back on time can actually have a positive effect on your credit rating, as it demonstrates your reliability to other potential lenders.

Visit our section on Bad Credit for more information on ways to improve your credit rating.