Checking your credit history means you can identify ways to improve your credit rating, which could help you to get a better rate. You can check your credit report online with a number of different providers and most offer a free trial period of between seven and 30 days.
1. Always make your repayments on time - missed payments show on your credit report for at least three years and could have a damaging effect on your credit score.
2. Talk to your lender if you are having problems making your repayments - you may be able to reschedule your payments so you can afford them comfortably.
3. Add a note of explanation to your credit report if there are circumstances, like illness or an accident, to explain previous problems.
An average credit rating in UK financial providers' minds is something that can be worked with. You're still likely to find suitable products for most of your credit requirements but if you're not careful, you could easily slip into a cycle of having bad credit.
Check your credit report to make sure you're in good shape to apply for loans, credit cards, overdrafts, mortgages and mobile phone contracts