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How to improve your credit rating

Improving your credit rating while struggling with debt problems can be difficult, but it isn’t impossible. Find out how you can get out of debt, improve your credit score and start new, healthier financial habits.

Working out how credit ratings work and how you can improve yours is no easy feat.

How to improve your credit rating
How to improve your credit rating

Most people know that County Court Judgements (CCJs), missed payments and bankruptcy orders can result in black marks on their credit file, but what else can cause an issue – and what can you do about it? Take your finances by the reins, get out of debt and improve your credit rating with our guide.

Checking your credit rating

To improve your credit rating, you first need to know what your score is. There are three UK credit reference agencies you can use to help you do this: Equifax, Experian and Callcredit. They compile your credit history and attach it to you through your unique identifiable information.

Electoral roll information 

Credit reference agencies will look for you on the electoral register to prove your identity and residential information. Being registered on the electoral roll can also improve your credit rating. It makes finding your information easier for lenders and reference agencies, making you more trustworthy.

Court records

When trying to find out your credit score, reference agencies will review your court records. This is to uncover any potential CCJs, decrees, bankruptcies, small claims court hearings or Individual Voluntary Agreements (IVAs). If there is any evidence of debt or financial discrepancies, this will likely impact your overall credit score.

Linked data

This is to uncover when and through whom you have previously applied for credit, and whether you’re financially linked to another person or party. The information will also reveal credit checks conducted by your gas and electricity suppliers. If there are no potential liabilities uncovered from this information, it will reflect positively against your credit score.

Account data

Credit agencies will peruse full statements for your bank accounts, mortgage, energy bills, mobile contracts, and any loans for six years prior to the date of the check. They will look for any warning signs such as defaulting or missing payments and detailed data explaining your accounts.

It’s important to remember the credit reference agencies are not there to accept or reject your application, they just provide the information your potential lender needs to make the decision. To better resolve your debt problems and improve your credit score, use the overview of your finances provided by the agencies to make any necessary amends to your spending habits.

Improving your credit rating

Once you’ve received your credit file, you can better understand how to pay off your debt. Take action to improve your financial situation and get out of debt with our top tips:

Keeping on top of your finances and knowing how to get out of debt can give your credit rating a healthy boost. It will take time to get everything in line, but the pay off will positively impact your financial situation.

Get more advice on managing your credit score from the Know How blog.


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