Your answers suggest that you might have a bad credit rating. To be in with a chance of passing a credit check and getting your credit applications accepted, you need to give your finances a makeover. A good place to start is checking your credit report.
Your credit report gives you a snap shot of your financial history and will show you what you owe and how well you’re managing your repayments, which could help you to identify problem areas. You can check your credit report online with a free 30 day trial of CreditExpert from Experian.
Our top tips for people with a bad credit rating:
1. Identify which debts are costing you most and look for ways to reduce them.
2. Close down any credit accounts you aren’t using, register to vote at your current address and correct any errors on your credit report – it could help to improve your rating.
3. If you are really in trouble with debt there are plenty of places you can go for expert help including Citizens Advice, National Debtline and the Consumer Credit Counselling Service.