A credit score is essentially a rating by which to judge the creditworthiness of a person. You must have a decent credit score in order to be approved for things like a bank loan, a mobile phone plan, or applying for insurance. You can actually use payday loans to boost your credit rating. This can be utilized with the proper preparation and knowledge but it should not be your first option to boost your credit score, due to the high costs and potential harmful effects.
If you have had credit or no credit, you will probably be denied by the bank if you apply for a loan, or denied by an insurance company if you are looking for insurance. If you happen to be short on cash, you cannot easily boost your credit rating and may need to use payday loans to improve your credit score. Taking out a payday loan, along with paying it back, will go directly on your credit file. Paid back on time, your credit score can be increased.