Compare UK Debt & Credit Rebuilding Products
Review examples of credit-building products and the factors to compare before choosing a provider.
Credit Builder Cards
The most common tool for rebuilding credit. Use for a small monthly purchase and pay the balance in full to demonstrate responsible borrowing.
Important: The APR you're offered may be higher than the representative rate. Always use a 'soft search' eligibility checker before applying to protect your credit score.
Other Credit Building Products
These services can help you build a positive payment history without taking on traditional debt. They are excellent options, especially in the early stages of recovery.
Which Product is Right for You?
Best for Post-Bankruptcy/IVA
Start with a service like Loqbox or rent reporting. After 6-12 months of stability, consider a credit builder card from a provider like Zable or Vanquis known for high acceptance rates.
Best for Low Income
Rent reporting via CreditLadder (if you rent) is a great free option. A credit builder card with a very low, manageable limit (£150-£250) is also a good starting point.
Best for Fast Impact
A combination approach works best. Use a credit builder card for small spends (and pay it off) while also using a service like Loqbox to show a consistent payment history.
Understand Your Starting Point
Before applying for any product, it's crucial to know your current credit score and what's on your report.
Check Your Score for FreeMaking Informed Comparisons
When evaluating financial products, it's vital to look beyond the headline rates. Consider the APR, total cost, fees, and product features to ensure they meet your needs. We always recommend confirming FCA authorisation, particularly if you are considering debt consolidation loans.
Following the introduction of the Consumer Duty in July 2023, financial firms must deliver good outcomes for consumers. This means you should be offered fair value, clear terms, and products like bank accounts for bad credit that are appropriate for your situation. Additionally, under FCA CONC 5 affordability rules, lenders must thoroughly check that you can afford your repayments, ensuring they support your journey through the credit rebuilders hub.
If you decide to use credit builder cards, remember that under Section 75 of the Consumer Credit Act 1974, you get joint liability protection on purchases between £100 and £30,000. Before committing, take a moment to separate facts from fiction by reading our credit myths page, and always verify your standing with a reliable credit report guide.