Improve your credit rating

Trying to Improve your credit rating is important because lenders use it to decide whether it’s a good idea to lend you money or not.  The information is compiled from your repayment history on things like loans, credit cards and mortgages.

You may have a poor rating because you have missed some repayments but you can also have a poor rating simply because you have never had any loans or credit cards.  You can look at your own information: for free on Noddle or you can pay a company like Experian.

Improve your credit rating shortlist

There are a few easy things you can do to improve your credit rating:

  1. Make sure your name is on the electoral register (visit www.aboutmyvote.co.uk)
  2. Pay off existing debts
  3. Close unused credit cards

 

Debt Consolidation Loans are a UK based Debt Consolidation Loans Broker, We can help with any form of Debt Consolidation you may need.

 

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