Answer: TRUE!
Many people think taking loans automatically hurts their credit score — but that’s not always the case. In fact, borrowing responsibly can actually help you build and improve your credit rating over time.
Here’s how it works
1. Responsible Borrowing Builds Trust
When you take a loan and repay it on time, it tells lenders that you’re reliable. This helps you build a strong credit history — a key factor in improving your score.
2. On-Time Repayments Boost Your Record
Payment history makes up a major part of your credit score. Every time you repay your PayCredit loan promptly, it sends a positive signal that you’re financially disciplined.
3. Good Credit = Better Opportunities
A healthy credit score opens doors to:
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Higher loan limits
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Better interest rates
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Faster loan approvals
It’s like being rewarded for doing the right thing with your money.
But Beware of Irresponsible Borrowing
Missing repayments or taking more loans than you can manage will hurt your score and reduce your borrowing power.
So, borrow smart — not desperate.
The PayCredit Way
At PayCredit, we believe financial empowerment starts with smart decisions.
That’s why our process is designed to encourage responsible borrowing and timely repayment, helping you grow your financial credibility one loan at a time.
Remember: Borrowing isn’t bad — it’s how you borrow that makes the difference.
