How to Improve Your Credit

Manage and Build Your Credit Score with us

Understanding Your Credit Score and what Affects it

Regular issues which lead to poor credit scores: 

Bankruptcy Discharges: 

A bankruptcy discharge takes place after 12 months of being made bankrupt.

Having a bankruptcy on your credit report could make it difficult for you to get credit, as it will remain on your credit report for 6 years; it can be longer than 6 years if a bankruptcy restriction is made against you or you enter a bankruptcy restriction undertaking. 

County Court Judgements:

A court order can be issued if you owe money and have not kept up with the repayments, you will need to make fixed repayments until your debt is clear. Similar to a bankruptcy discharge, it will remain on your credit report for 6 years following the date it was issued.

Low Income:

If you have a low income, whether from being unemployed or other circumstances, it may be harder to obtain credit as you will be seen as high risk with no frequent money coming into your account. A credit builder card may be the best fit for you if you are currently unemployed; please contact us to assess the best route for you. 

Self Employed:

Likewise, if you are self-employed, lenders may view you as high risk due to your income being based on how well your business is doing, so it is important to be able to pay your credit card payments monthly to improve your credit score. Possibly the credit builder credit card is suitable for you; if you have questions regarding this, please contact us for more help. 

No Current Credit History:

It may take months or years to build a sufficient credit score. With our help, we can keep track of your finances and sustain a good credit profile, which will enable you to borrow from lenders with a higher success rate.