Learn how to rebuild your credit with a personal loan

Restore your credit

Get the money you need to pay off old debts and start restoring your credit with a personal loan from Fairstone. Our Lending Specialists will work with you to find a loan solution that is manageable, and, as a result, can help you rebuild your credit and raise your credit score.

How can I rebuild my credit?

It’s possible to rebuild your credit and increase your credit score over time. You can help restore your credit by making payments on time, showing a positive payment history, limiting other credit inquiries and reducing your credit utilization by paying down debts.

There are many factors that can affect your credit score. For more information, read our blog about credit scores here.

How can a personal loan help rebuild your credit?

A personal loan can help you rebuild your credit by giving you the chance to pay off outstanding debts. A loan will also provide you with some available cash, meaning you’ll have the flexibility of extra room in your budget. When looking to rebuild your credit, it’s important to find a loan solution with and affordable and manageable payments. This will ensure you’re able to make scheduled payments on-time, which will help you restore your credit over time.

Plus, with Fairstone, you can pay off your loan at any time. There are no prepayment penalties on unsecured loans.

Learn more

Our blog is a great resource for information about credit reports, and has tips on improving your credit score.

Restore your credit with a Fairstone loan

Our Lending Specialists will help you get back on track with a personalized credit building plan.

How does it work?

  1. Consolidate and pay off any outstanding or overdue bills, to reduce the risk of any missed payments that may go against your credit score.
  2. Work with your Fairstone Lending Specialist to find the right payment option for your budget, needs and lifestyle, to help ensure you’ll stay on track with your loan payments
  3. Ask your Lending Specialist how automated payments can help you make sure you make all loan payments on time. This will reflect well in your payment history, and help you be on your way to rebuilding your credit.

Get started