When might Pave not be the best fit for me?

Like any credit product, a credit score building product like Pave comes with risk, and may not be the best fit for you. For example, if you do not pay your Pave membership fees on time, or repay any credit we extend to you on time, Pave can harm rather than build your credit score.

Additionally, even if you make all your repayments on time to Pave, there are circumstances where using Pave may improve your score, but will not be a good investment for you. Here are some examples of these instances:

1. If you have CCJ in the last 12 months
2. If you have been put on an IVA or debt management plan in the last 12 months
3. If you are going through a bankruptcy
4. If you have any late debt or bills payments
5. If any of these apply to you after starting a Pave membership

If any of the above apply to you, using Pave to build your credit score is not a good idea. This is because even if you build your credit score, many lenders may not extend credit to you on the basis of you having such markers on your credit file.