Credit score holding you back when you apply for a credit card or loan? Check out our three top tips for fixing it fast.
1) Get on the electoral roll
In. Out. UKIP. Trump. Clinton. Perhaps you think they’re all as bad as each other! Well, there are more reasons to get on the electoral roll than being able to vote.
Whether you’re not registered to vote or you are but your details (like your address) are wrong, it could stand against you – so register here now.
2) Don’t keep your whereabouts secret
Moving house is a massive faff at the best of times, and even after the last box is unpacked, there’s still work to do. For example, you have to change over your utility contracts and set up your broadband.
Just make sure that you don’t forget to let your bank or lenders know you’ve moved. Even if you get all your statements online now (why live in the past with paper statements?!), you need to let your account provider know you’ve moved.
While you’re at it, make sure you change official ID – like your passport and driving licence – to your new address too. All lenders will make ID checks on you so it’s vital to get this sorted.
3) Cut old ties
Couldn’t stand your ex’s friends? Perhaps they got on your last nerve and you kicked them to the curb. The thing is, you need to split from their finances too.
If you’ve ever shared a bank account, loan, mortgage or any other financial contract with someone, their relationship with credit can have an impact on yours. Give them their marching orders for good by closing the account you shared and requesting a notice of disassociation from the credit reference agencies.
And another tip for good measure
These are all quick fixes, but sometimes the best way to boost your credit score is to give it time.
Even if you’ve never borrowed, looking after the financial commitments you do have responsibly shows future lenders you apply to that you can be trusted to borrow money. This means always paying your rent, utility bills and mobile phone contract on time and in full.
Over time, you’ll show yourself to be responsible with money, and your credit score will improve as a result. For more tips on improving your credit score, check this out.
Disclaimer: All information and links are correct at the time of publishing.