If you have a credit rating that is a little less than ideal, then it can be a long hard slog to repair it and improve the score. A little like losing weight, it can take time; there isn’t a quick fix. But with some determination and a plan, then repairing your credit score is very possible indeed. But why even bother? Well, at the end of the day, the credit score that you have will determine plenty of things in the future. Even something as simple as getting a smartphone contract can be determined by your credit score. So it pays to make a bit of an effort to get it right. Here are some tips to help you improve your score.
Check Your Report
To know what you need to be improving, then you need to see what the actual damage is going to be. So if you’re just guessing it is bad, then why not get a proper credit report to see? There are various free ways to do just that, using sites like experian.co.uk or freecreditcheck.com. So it isn’t tricky to do. But what you should do is to look at the report closely and check if all of the information is correct. If there is information that isn’t correct, such as a card or loan that you didn’t take out, or missed payments that you didn’t have, then you can have your score adjusted accordingly.
Plan Ways To Improve
One of the ways that you can improve your credit score is by actually using credit cards. There can be some, reviewed on sites like repair.credit, that can help to build your credit score, believe it or not. So if you have cleared any other cards, then starting afresh could be a good idea. You need to show that you can pay off in full or make the repayments each month and then your score will improve. Just make sure that you are able to make the payments first, though.
Set Up Payment Reminders
Some of your missed payments in the past could be simply because of simply forgetting and then missing the payment date. As soon as the payment date is passed, then it means that a late charge is applied and your finances can get a little out of control. So set yourself some reminders to make sure that you never miss any more in the future.
Reduce The Debt You Owe
If you reduce the amount of debt that you owe, then it can be very satisfying and help you on you way to good credit. The best thing is to not apply for any more credit for the time being, and reevaluate what your budget is. Can you make some cuts for a couple of months in order to pay off some more of your debt each month? It can make a difference to how quick this whole thing can be dealt with and your score can be improved.