I want to more like While credit ratings differ between lenders and by those from different countries, there are certain points to look for generally in order to help improve a credit score. Some of these are listed below; however credit ratings are not an exact science so this acts as a guideline only:
Electoral role/Voting register – If you are registered to vote in the country where credit is applied for, the likelihood of a successful claim is much higher for doing so. Many lenders will decline an application on the strength of this point alone.
Number of credit applications – By applying for many products or services requiring credit in a short space of time, leaves a negative impact on a persons credit rating. Even credit searches can harm a score so it is best, if possible, to space out applications for such things as insurance and mobile phones etc.
Changing address – If a person is intending to move, it is wise to apply for any credit required pre-move. This is because by moving house credit ratings are altered.
Apply while employed – A regular pay packet will result in more successful credit applications compared to an unemployed person. If any length of unemployment or time off is predicted, apply while earnings are still being credited.
Build up good credit history – If a person has no credit history, lenders will find it hard to predict if a person is low or high risk. Therefore credit history needs to be built up. By applying for credit, ensure that the account is maintained perfectly. For example, ensure that minimum payments are always made, stay within the credit limits and never miss a payment. Bad credit may also be repaired in this way.