How can I improve my chances of getting accepted for credit?
There are some simple things you can do to improve your credit report:
- Pay your bills and credit agreements on time. Lenders are looking for evidence that you're able to repay existing credit on time. If you did forget a payment one month you can use a Notice of Correction. These are notes your can add to your credit report to explain why you were late with a particular payment.
- Provide accurate, truthful and complete information on your application form. If you leave anything out or don't give the true picture, it could affect your ability to get credit in the future.
- Check your credit report regularly so you can close any accounts of financial products you are not using and check you are registered on the electoral roll at your current address.