Improve Your Credit Score
Start your path to financial freedom.
A clean credit file means a better credit score, allowing you to take control of your financial situation. Whether your goal is to buy a home, a car, or to go on a holiday, a clean credit file by Square will help you secure the funds which drive you to your goal.
When applying for a loan or entering into a contract with a phone provider, your credit file is almost always checked by the credit provider. If you have a black mark on your credit file, it can be much harder to be approved for a loan through a first tier lender.
By removing the black mark(s) prior to applying for a loan, it can improve your credit score, and your chances of success. Applicants with a clean credit file are more likely to be approved faster, and with less paperwork, meaning a simpler and easier approval process.
Lower Fees & Interest Charges
There are certain credit providers that may be willing to lend to individuals with an impaired credit history, however, these credit providers can take advantage of customers with black marks by charging higher fees and interest charges.
By repairing your credit file prior to taking out a loan, you may be in a position to get a better deal through lower upfront fees and lower interest rates. This will mean your repayments will be lower, saving you thousands over the life of your loan.
Having a strong credit score means you are free to select your credit provider, rather than being limited to second tier lenders that will try to charge you higher fees and interest charges. Having choice will allow you to shop around for a better deal, where you can choose the lender with the best service who will suit your needs, whatever they are.