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People looking for loans 'may need to boost credit ratings'
Credit ratings may need to be checked by consumers before they apply for things like personal loans, it has been suggested.
By borrowing money responsibly, people might be able to ensure that they have a decent rating, Joanne O'Connell has noted in an article for the Daily Express.
She stated: "Make sure you're on the electoral roll and keep payments up to date."
Ms O'Connell went on to say: "One way to increase your score is to prove you are a responsible borrower."
In her article, the commentator also revealed that Experian is one of the main credit reference agencies that consumers could get in touch with to learn more about the state of their current credit record.
Earlier in August, Gavin Hayes, general secretary of Compass, outlined a number of views concerning loans which have extremely high levels of interest, with the expert describing "legal loan sharking" as being unacceptable.