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Small Short Term Loans?

hollister_2
hollister_2 Posts: 10 Forumite
I'm 24 and currently rather new to credit, I have a Capital One card and also a catalogue account. I really want to build up my credit rating as I think a good credit score is probably one of the most important things to have. I have had my credit card and catalogue accounts now for about four month and never missed a payment, and also have a contract phone which I have had about 7 months with not missed or late payments either. I am also on the electoral register as I was told that being on there also helps.

I am looking to get a small loan over a short period of time to help my score build up with the repayments. I have tried my bank however they have declined me and so have a few other companies. I know that the odds are I will have to pay a high APR but I know it will be beneficial in the long run. Does anyone know of any companies that a willing to lend to people who are fairly new to credit?

Thanks

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Why not try saving instead of burdening yourself with credit?

    Paying interest unneccessarily has no benefit.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    just continue using your credit card and pay in full each month that will show on your credit record as a potive.

    total madness to get a loan and pay interest because you think it will improve your credit score... it won't
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