Your Credit Rating

Factual tips which will increase Your credit rating

If you want to have a good credit rating then there are some things you should know:

Maybe you wish to repair your credit rating after having som creit issues or maybe you wish to increase your credit rating this site covers the basic details of what you need to do to get a good credit rating.

The key points are:

• Pay your bills on time
• Limit the amount of credit cards
• Make sure you are on the Electoral Role
  • Your credit rating improves if you are at the same location for more then 2 years.
  • Living at the same address for more than four years will highly improve your rating.
• If you keep your credit card balances low ie lower than 30% will help with lender preference. They will look at this favourably.
• If you do not have any credit you need to get a credit card and use it to make small purchases. Make payments over an above the minum, keep a small balance. This will show payment history and look good on your credti file.

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