Always be one payment ahead

When you receive your loan, the first thing you should do is make a payment straight away. It doesn’t matter that your first personal loan repayment isn’t actually due. By always being one payment ahead will cover you in the unfortunate event a payment or direct debit doesn’t occur. We all know mistakes happen, so protect yourself by always being one payment ahead, which will prevent you from falling into arrears and potentially having your credit rating affected.