Poor credit affects millions of people in the UK.
You may have poor credit because you don’t have much credit history, or because you’ve had difficulties managing your finances in the past. Either way, a good way to build your credit score is by using a credit building credit card.
What is a credit building card?
All credit cards can build your credit score if used correctly, but some are specially designed to help people with poor credit scores. These usually offer a smaller credit limit to start off with, but may increase as you prove you can manage credit responsibly.
To build your credit rating, use your card sensibly by making at least your monthly minimum payment on time and staying below your credit limit. Not doing so could harm your credit score.
Always use an eligibility checker first
When you apply for a credit card, a mark is left on your credit report that other lenders can see. Having too many of these marks could reduce your chances of being accepted in future.
Always use an eligibility checker, like QuickCheck, to find out if you’ll be accepted before you make a full application. This will help to protect your credit score.
Capital One's QuickCheck gives you a definite yes or no - so you can be 100% certain if you'll be accepted before you apply, without affecting your credit score.
7 simple steps to improving your credit score
Your current credit score isn’t permanent, and there are steps you can take to make it better. Check out our 7 simple steps to building your credit score today. The sooner you start; the sooner your score can start to improve.