We lend to employees with a range of credit scores. When assessing your application we will look at four things: 1. The overall affordability of the loan 2. Your existing debt 3. Information you provide on your application form 4. Information we receive from the credit referencing agency, TransUnion. Applying will not affect your credit score, as we only perform a quotation search (soft check) on your credit file at this point. It's only when you accept the loan that we perform what's called a 'hard search' that will show on your credit file in future. Only if you accept the loan, will we then run what’s called a hard credit search. This is recorded on your credit file, and your Salary Finance loan will show up when your credit file is checked in future. If your application is approved, Salary Finance loans usually help you make repayments on time through direct payroll repayments, which can help improve your credit score through a period of on-time repayments.
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