How to Boost Credit ScoreIncreasing creditworthiness
A reward credit voucher can be a particularly useful option in this case. They can use the ticket for your purchases on a monthly basis, for your purchases of petrol and some useful advantages such as coupons or refunds. In the meantime, the higher credit line and plus payback histories will help increase your score. Three credit bureaus exist in the UK - Experian, Call Credit and Equifax - and the information stored in their records is used by financial institutions and home loan associations to make credit assessments.
In order to make sure that your credit score stays as high as possible, it is important that you check your files regularly and make sure that inaccurate information does not pull your score down. According to the Consumer Credit Act 1974 you have the right to obtain a copy of your credit record for the price of 2, either on-line on the credit agencies' website or by calling and ordering a hard copy.
They should review the information at least once a year to make sure that it is true and up to date. The inaccuracy of the information in your files could result in a creditor denying you a credit or debit line for which you would otherwise be entitled. Also, make sure that your mailing addresses are valid on all your credit statements and that you have modified your mailing addresses on all your finance statements.
It is one of the most important elements that a creditor will consider when determining whether a loan should be agreed. Make your payment on schedule, otherwise your score will decrease and will not increase. Whether you have a high or low credit score, this is the easiest way to make sure your credit score stays as good as possible.
When you think you are missing a payout, talk to the participating lender and see if you can arrange a date on which you can pay back the loan. Otherwise, the failed payout will appear in your credit file and adversely impact your score. Eventually, if you can, try to keep a zero balance on all your maps.