“until you've sorted out your credit history and worked towards improving it, try not to apply for further credit...”
What can I do to rebuild my credit record?
There are a number of things that you can do to help improve your credit history – but let’s start with what you can do pretty much immediately to give it a boost:
Get on the electoral roll – this is really important as lenders use it as a way to confirm your identity. If you’ve not done so already, you can register to vote here – though you don’t have to actually vote to take out credit!
Stop applying for credit – until you’ve sorted out your credit history and worked towards improving it, try not to apply for further credit. This is because every application that you make shows up on your report, regardless of whether you’ve been accepted or rejected and if lenders see a lot of applications in a short space of time, they might think you’re desperate for credit.
Cancel unused credit cards and accounts – lenders will have a look at how much credit you have access to, so if you have unused credit cards or accounts that you no longer use, it might be worth closing a few of these down.
Make sure your address is up to date – make sure all your lenders have your current address and make sure that it is the address that is showing for you on your credit history.
Open a current account – a current account in your name, with your income coming into it, will show on your credit history and give lenders comfort that you are who you say you are, and that you’ll be able to make your repayments.