Tips to improve your credit score

Take a look at our tips for maintaining or improving your credit score

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Access to quick tips to improve your credit score

Building or improving your credit score is one of the most effective measures you can take to secure better rates when you apply for credit – such as credit cards, loans or mortgages.

But there are other ways a good credit score will support you – such as when applying for mobile phone contracts, utility services, or even securing a job.

Using your credit score and report information can give you access to some quick tips that will help you potentially move your score upwards.

Register for the electoral roll

If you’re not already registered on the electoral roll at your current address, make sure this is done as lenders will use this as proof of address.

Set up a direct debit to pay your bills

Ensuring you pay your bills on time is one of the best ways to maintain a good credit score. Setting up a monthly direct debit to providers is one way to do this as a missed or late payment can signal to lenders that you’re struggling to pay off existing credit.

Correct any mistakes on your credit report

Ensuring all your personal information and account history within your report is correct and up-to-date is perhaps the easiest first step on the road to a better credit score. If you spot any mistakes contact your provider or credit referencing agency directly to correct them.

Check the ‘hard’ searches on your credit report

Your credit report will show you the hard searches made on your file. Any hard searches that you don’t recognise may be an early indicator of fraudulent activity.

Alternatively, if you are aware of multiple applications you have made for credit, try and keep these at bay. Applying for a lot of credit from different providers in a short space of time can negatively affect your score, so why not wait for a while before you try again?

Keep your credit utilisation at bay

Your credit report will show you how much of your credit limit you are spending. Try to keep this at a healthy level – preferably below 30% on each and across all your accounts.

Check your credit score and report for free with Credit Monitor

By registering with MoneySuperMarket’s Credit Monitor app you can check your score and report for free. Once you have registered you will be able to view your report with clear summaries of your accounts, including balances on any credit cards, loans or overdrafts you hold. You can also check that all your information, such as your address, is correct.

We can also give you specific tips on how to potentially boost your score, along with showing you which credit cards deals you are most likely to be accepted for.

Take control of your credit score

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