How to get good Credit

They can also review it free of charge with ClearScore, MSEs Credit Club or Noddle remote.

What was the reason I was rejected for a credit with a good credit rating?

An immaculate credit record, no debt and I am paying my bill in full, so why was I declined for a credit card? What is it? Over half of potential borrower are likely to be rejected if they apply for credit, as new research shows. Hampton Hill, Southwest London, Amanda McNally, 33, still doesn't know why she was rejected when she requested a Halifax zero credit in September 2011.

Amanda who is living with her man Michael, 52, a new buisness development artist for a privately owned conservatory, and their 11-month-old daugther Beatrice, wanted the ticket to be bought for the building. For not a single moment, the part-time staff assistant thought she would be refused as she had repaid her prior credit and had no other indebtedness except her home loan where the payments story is flawless.

Everyone can use Experian, Equifax or CallCredit to verify their creditworthiness. The credit record of a debtor, which includes missing payment or default, remains on record for six years. Try to prevent too many credit requests in a hurry as this can indicate to creditors that you are in difficulty or despair.

There is a concern with clients who have little experience of taking out loans, making it hard for creditors to evaluate the risks. Frequently, clients are rejected because of flaws in their credit files. Credit bureaus are arguing that flaws are seldom. That means that someone who is not a challenger will stay in his database for an indefinite period of time.

If you find an inaccuracy in your credit record, it is important to try and correct it as quickly as possible. Even if a credit bureau may not have made the fault, as a service supplier it is still liable for ensuring that the information it stores is correct.