It takes time to improve your credit rating. But it's never too late to start. And the sooner you do, the sooner you can enjoy the benefits.
These simple steps are a great way to begin.
Don't apply for too many credit cards
Each time you apply for a credit card a mark is left on your credit report. Too many marks in a short space of time can make you look risky to lenders, which could reduce your chances of being accepted.
Always use eligibility checkers before you apply
Eligibility checkers let you know your chances of being accepted for a card before you apply, without leaving a visible mark on your credit report.
Capital One's QuickCheck gives you a definite yes or no in 60 seconds. So you can be 100% certain if you'll be accepted before you apply, without affecting your credit score.
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Close unused accounts
Having a high number of credit accounts can affect your credit rating. Close any accounts that you're no longer using.
Mistakes on your credit report
It's up to you to make sure the information on your credit file is accurate. You can check by visiting the three main credit reference agencies; Equifax, Experian and Call Credit
Your credit rating can be affected by people you share a direct financial link with. Living with someone isn't enough to create a link, but opening a joint bank account is.
If you're worried you might be linked to someone with poor credit, you can request a 'notice of disassociation' on your credit report.