Getting credit in essential to qualify for the best products but in this day and age institutions are extra wary about giving it. So what do you do? Well, for now just sit back with a cup of tea and read on!
First thing to do to improve your credit rating is to get on the electoral role, because if you’re not you’re likely to be refused credit point blank. No sweat with this one though, it’s easy peasy to get back on it: just visit website About My Vote and enter your postcode. It will tell you who your local authority is and give you a form to fill in.
Next, if you’re applying for credit, make sure you don’t apply for multiple products in a short space of time. Each time you make an application a search is added to your file. While lenders can’t see what the result of the search is, they will be able to see what it is for and for how much, which could make them less likely to offer you credit.
Rejections themselves damage your credit rating, so if you know that your credit rating isn’t up to much then applying for top products might be a waste of time.
It’s actually a good idea to use a credit card to improve your credit rating. Which sounds barmy, particularly as it must be difficult to get a credit card in the first place if your credit rating isn’t up to much. But no fear! Get yourself a Capital One Classic Card – the APR is extortionate, but if you use it sensibly then you could be on the way to a good credit rating once more!
Finally, keep a beady eye on your credit rating all the time. Before breakfast every day if need be. It’s actually quite easy to do – visit Experian website to get a free thirty day trial.