Why you should care about your credit score

And how to improve it every day

The easy way to improve your credit score

You don’t need to get caught up with expensive credit cards to start building your credit score. Improve yours for just £2.50 a month (Rep APR 9.10%)* with our hassle and interest-free no credit check Credit Builder available on all UK Monese plans.

*Representative Example: The loan as a part of Credit Builder is a 0% interest loan, but the £2.50/month subscription fee relates to a 9.10% APR as the cost of your Credit Builder. Based on a loan amount of £600.

Introducing a much simpler way

Why your credit score matters

Your credit history is your financial footprint in the UK and what helps determine your credit score. You’ll eventually need credit history and a good credit score to do almost anything in life: renting your first apartment and finally getting out of your parents’ house, buying a car or even getting something as simple as a mobile contract. It determines your entire future.

But wait...

Become financially independent

The way our Credit Builder is set up, you’ll be saving while building your credit history and improving your credit score all at the same time. After a year of monthly repayments on your interest-free Credit Builder loan, you’ll have 12 months of successful repayment history recorded with the credit agencies, plus 12 months of savings ready to spend!

Become financially independant

Improve your score where it counts

With our no credit check Credit Builder, your monthly repayments are reported to all three of the UK’s main credit agencies: Experian, Equifax and TransUnion, where you’ll start seeing a difference in your credit score. With an improved credit score thanks to our Credit Builder, you’ll be eligible for a wider range of better value loans, credit and interest rates in the future.

Improve your record

Credit builder

how to build and get started

  • Step 1

    Step 1:

    Head to the ‘Explore’ tab and select ‘Credit Builder’ to easily set up and start building your credit history and score.

  • Step 2

    Step 2:

    Choose a fixed repayment amount you can realistically afford to pay back each month, between £30 to £100.

  • Step 3

    Step 3:

    Make your repayments each month for a year to pay off your interest-free Credit Builder loan. We’ll report your repayments to all three of the UK’s main credit agencies.

  • Step 4

    Step 4:

    After 12 months of a successful repayment history built up, your personal Credit Builder pot will be unlocked, ready to spend!

Unlock access
Unlock access

Unlock access to other Monese credit products

With the savings you’re building, you’ll be able to unlock and access other credit products down the line.

Get started with Credit Builder today

Don’t fall behind. Start securing your financial future today with Credit Builder. Download our app today to start building your financial footprint.

Get started with credit builder

Credit Builder Help

  • What’s a credit score vs credit history?

  • How can I access Credit Builder?

  • How Credit Builder works

  • How much can I borrow on my Credit Builder?

  • What happens if I miss a Credit Builder repayment?

  • If my loan is interest-free, why does it have an Annual Percentage Rate (APR)?

  • Where can I see more videos?

This service is arranged by Monese Finance Ltd. Monese Finance Ltd is a broker and not a lender, and is an appointed representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN:574048). The credit builder loan is provided by Monese Credit Limited which is authorised and regulated by the Financial Conduct Authority (FRN:787052).