Credit cards

What is a credit card?

A credit card is a small plastic card issued to users as a system of payment. It allows the holder of the credit card to buy goods and services based on the holder's promise to pay for these goods and services.

What is a payday loan?

A payday loan is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday.

What shall I choose?

A credit card can be a useful item to have, but it could also prove quite destructive in your life if you're not careful.

With a credit card comes the interest payment. Unless you pay off the total amount of your credit card each month you end up paying interest. There's also a higher risk of getting stuck in long-term debt with a credit card, as it can be tempting to only make the minimum repayments each month. And you may need to wait to receive the card in the first place - which may be time you don't have.

Here at Month End Money a payday loan is a quick and easy process. You can apply in two minutes with our online application form and we can get the cash into your bank on the same day². Month End Money won't let you pile up the debt. We like to build long-term relationships with our customers and we will only lend to you again once you've paid back your current loan.

A credit card can help build my credit rating. Can a Month End Money payday loan do this too?

Yes, a payday loan can help build your credit rating. If you pay your payday loan from Month End Money on time then this will stop a failed payment being reported to the credit reference agency. However, if you do not repay your payday loan on time, that will also be reported to the credit reference agency and could have a negative effect on your credit rating.

Getting any kind of credit facility can be a tricky process if you don't have a good credit rating. Well don't worry - because Month End Money will still consider you. Apply now for a payday loan with Month End Money.