18/06/2024
💷 5 Top Tips for Improving Your Credit Score 💷
1️⃣ REGISTER TO VOTE - The electoral register may help improve your credit score is because it allows any interested party to confirm that you are who you say you are, and that the details you have provided are accurate.
2️⃣ DON’T MISS ANY PAYMENTS - Paying your accounts regularly and on time will improve your score as you build a credit history.
3️⃣ DON’T OVERUSE CREDIT AVAILABILITY - Usually, a lower percentage will be seen positively by lenders, and will increase your credit score as a result. If possible, try and keep your credit utilisation below 30%.
4️⃣ CORRECT ADDRESS HISTORY - Even small mistakes, such as a mistyped address, can affect your score and could be enough for a lender to refuse you credit. It’s worth checking your credit report to make sure all the information is accurate and up to date.
5️⃣ STAY ‘CREDIT ACTIVE’ - Keep old accounts open and show a long credit history. It can be good to show lenders that you can successfully manage multiple credit accounts, especially over a long period of time.
