Published: 6 November, 2012
Achieving a good credit rating isn’t a mixture of good fortune or happenstance; it takes a number of simple-to-perform tasks to achieve. The first thing worth remembering, as noted on Money Saving Expert, is that there’s no such thing as a ‘credit blacklist’. All credit card companies have a ‘wish list’ of aspects they’d prefer their applicants to have, but all differ.
The first tip is to check your credit rating. This will prevent you from being surprised by unknown debts. To find out your credit card score for free, Experian and Equifax are excellent resources to make use of. This can tell you whether or not the likes of cancelled mobile contracts or existing bank accounts in arrears are affecting your credit rating.
Checking your credit rating can also show up any errors that may occur, such as cancelled transactions or incorrect debts, meaning you can nip any issues in the bud almost immediately.
Tip number two: locate incorrect information on your credit rating form and have it changed. It’s not a particularly difficult process to have the information altered and can save you from being refused a loan in the future. Be sure to contact the offending party as well, just in case the issue is at their end and requires any lengthy admin time to be resolved.
Thirdly, the electoral role is a superb way of giving your rating a boost. If there’s no record of where you’ve been living, you’ll find it difficult to improve your rating. If you’ve recently moved or are living with a partner, be sure that both of you are on the register at the current location. This is an incredibly simple process to complete and can save you a lot of frustration in the long run.
If you have had credit problems in the past and are nervous about taking out credit again, aqua can provide you with a credit card with a low credit limit to start. If you manage the low credit limit well enough, it can be increased after a period of time. Most aqua credit cards offer a credit limit of between £250 up to £1,600. How much you are offered depends on your individual financial situation.
It’s quick and easy to apply for an aqua card by using the online form available on their website.