Credit agency

All is not lost if your rating is poor credit agency - although it may take credit agency time to repair. Bankruptcy details remain on people's ratings for up to six years, but for most minor problems it should take a year of good credit habits to return a credit agency rating to health. What if credit agency information is wrong? If information is wrong then you will need to contact the credit agency, explain what is wrong and ask for it to be sorted out. This may require proof that you did not make a transgression or that credit agency it was not your fault. I have a poor credit rating, where do I start? The first thing is to make sure all your payments to creditors are made on time.

If you are forced to miss a payment, make sure you tell the creditor and make the payment the following credit agency month. You should obtain your credit agency credit history from a credit reference agency and make sure everything is correct and up to credit agency date. 3 free annual credit reports For example, if you credit agency have paid a debt that was the subject of a county court judgment, make sure it is shown on the file. Being on the electoral roll correctly is essential. A mix-up in something as simple as house number can cause major problems.

Often people find that simple measures such as making sure you are on the electoral roll or filling out credit application forms correctly will help boost your credit agency rating. If a bankruptcy order credit agency is annulled ensure a copy of the order of discharge or annulment is distributed to credit credit agency agencies. Lenders can also search your credit report more than once during a single application and if this occurs you should again alert credit reference agencies. check credit history Reference agencies also allow people credit agency to explain why they may have had a period of credit agency poor credit performance. Consumers can attach a 'notice of correction' on their report explaining why they missed payments. What does my credit score tell me? Your credit agency basic credit score tells you very little and is pretty useless. It will be a number that indicates whether you are a good or bad payer of bills. For example, with credit agency Equifax a score below 299 is very poor, 300-349 is poor, 350-399 is fair, 400-474 is good and above 475 is excellent.

Whereas Experian's credit credit agency score ranges from 0-1000 and a score above 961 is excellent. Government measures mean that the credit agency main three credit agencies (Equifax, Experian and Callcredit) have to offer a statutory credit report on their websites for a Ј2 fee. Alternatively, you can have credit agency this type of report posted to you for the same price. annual credit report To get a better indication of how you can improve your credit score, you can also get a more detailed (and credit agency expensive) credit report.

With this, you get a full list credit agency of your credit agreements. One alternative way of boosting your rating is taking out store cards credit agency or credit cards, using them and paying off the balances on a regular basis. Opening a variety of accounts will speed up the process, but be sure to clear balances regularly to avoid sky high interest charges.