06/03/2025
Ahhh… the elusive credit score! 🤯
What can you do to improve it? Follow my 9 tips below 👇🏻
1. Make sure you are on the electoral register at your current address.
2. Pay all bills on time.
3. If you have missed any payments, make sure you bring the account up to date. Time is then a healer!
4. Apply for new credit only when you need it.
5. Pay off debt, where possible, instead of moving it around.
6. Try not to go to the credit limit of available credit accounts.
7. If you don’t have a credit card, consider opening one and using it to pay for lunches or fuel. Ensure you’re then repaying the balance in full every month.
8. If there is anything you do not agree with on your credit report, dispute and try to resolve it.
9. Keep an eye on your credit score each month, this can be done online for free at creditkarma.co.uk.
Remember, it is still possible to obtain a mortgage with a poor credit history, but the interest rates offered may not be as competitive!