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    HOW TO IMPROVE CREDIT SCORE UK – Get A Perfect Credit Score Fast For GOOD/BAD Credit!

    March 3, 2019

March 3, 2019

HOW TO IMPROVE CREDIT SCORE UK – Get A Perfect Credit Score Fast For GOOD/BAD Credit!

Checking Your Credit Score

The first step to improving your credit score is to check how it is currently. For this purpose, I use Experian personally. A lot of lenders actually use Experian credit scores to appraise application. Getting a high score (a maximum of 999) means that your credit is good.

Look Through Your Credit Accounts

Using Experian, make sure to look through all of your credit accounts. You also might want to look through your searches during the last six months. It’ll tell you which search are hard searches that have a negative effect on your score and are soft searches. Having one or two hard searches within 6 months will have a heavy impact on your credit score so try to avoid making applications if you still have hard searches.

Personal Details

Try to double check your details if they are correct. If some details aren’t registered in your credit report then you might encounter some issues that will impact your credit score. Merely having your personal details correct and updated will improve your score by 50 to 100 points.

Check if You Have Late Payments

Have a look at your credit report for any late payments within 6 to 12 months because they’ll have a negative effect on your score. Find the late payment on your report and see to it that you fix it. You can either contact people involved to see if they can have the late payment report removed for you.

Idle Credit Increases Your Score

If you have a credit card or an overdraft that you aren’t using it, it’ll be a good reflection on your credit score.

Making Multiple Simultaneous Applications

Try making multiple applications on different lenders at the same time. This is because when you do it one at a time there and leave it for a week or two you might lower your score which will lower your chances on the second lender you apply for. Doing simultaneous applications will help boost your chances.

Understanding the “Lag”

If, for example, you have an overdraft of $4000 and you clear that today. Your credit report will only reflect that after a few weeks (around 4-6 weeks usually). If you’re careful and you go through on the times lenders are updating your account you can move money around which can improve your score.

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