Do You Need a Payday Loan?

Don't get a payday loan. It destroys your chances of getting a mortgage later down the line. You do want to keep up repayments, but if you really don't think you're going to be able then ring as your lender to see what they can do. If you've been someone that's made overpayments over the last few years, which some people did during COVID because some people had more money at that period, you can take payment holidays That won't affect your credit score. But otherwise, your lender could arrange a payment holiday for you, but it is likely to show up on your credit report. So you just need to weigh it all up.