Can I Change my Credit Score Easily?
If you feel that your credit score is not very good, then you might hope to change it. If you are trying to borrow money urgently or you need to rent a property then you may feel in a rush and want to do things to improve your credit score quickly and hope for some easy things that you can do. There might be things you can do easily but you also need to think about other things that might need to be done which might not be so easy.
Check it is Correct
The first step is really easy. Just look up your credit report and make sure everything on it is correct. Sometimes there are errors which have a detrimental effect on our credit score and it can be worth checking to see whether there are any. If there are mistakes then get them changed. You might need to speak to the company that produce the credit report as well as the company that have made the mistake in order to get it rectified. It might that this is all you need to do in order to improve the credit report.
Check You are on Voters Role
A lot of those people looking at your credit score will look to see if you are on the voter’s role. This is because this can be used to check your ID which has to be done if you are opening a new bank account or things like this and so is important. If you are not on it, then ID checking ill be much harder and you may just be turned down because they do not want to do other checks on you. It is easy to sign on to the voter’s role and you do not need to vote even if you are on it.
Make Sure You Make Regular Payments
It is a really good idea to make sure that you are making regular payments. This could be loan repayments, mobile phone contracts, utility bills, monthly insurance premium payments or things like this. If you are doing this, then it will show that you can manage your money well enough to keep finding enough to make these payments. If you struggle to make payments regularly then it wise to address this. Firstly, set up direct debits or standing orders for these payments and they will be made automatically so there is no chance that you will forget to pay them. Then, try to manage your money carefully so that you know you will have enough. Perhaps try to make sure that they are all paid just after you are paid and then you will know you have the money available to do it.
Pay off Loans
If you have a lot of loans, then paying some off them off could be handy. It can look good if you have repaid loans as it shows that you are responsible and capable of managing your money well. You will have to have a strategy though to do it as you will need to find extra money to be able to do it. This might mean that you will have to cut down spending on luxury items and use the money to pay some off the loan. You might have to find ways to earn more money so that you can do it. It does not matter what method you use, just make sure that you can afford all of your essentials and then use any money that you have left over to repay loans. Hopefully you will be able to start to make a dent in your debt and make a better impression.