Bad Credit
Avoid Bad Credit By Keeping A Positive Credit Record
Here are just a few ways of helping you to get a positive credit record in order to avoid bad credit.
- Ensure that you are on the electoral register, this is very important as most lenders see you as a better risk if you have a fixed address.
- Don't pay lenders late, or miss payments altogether. If you think you are going to have problems paying, speak to the lender well in advance.
- Avoid too many credit searches, ask lenders to do quotation searches rather than credit searches.
- Always close credit cards accounts when you no longer need them. In the current days of transferring to zero percent interest cards it is easy to forget to close the old account down. Evidence of too much available credit due to this could have an impact on the lenders decision.
In addition to the above ensure that when you are applying for a credit card, mortgage or loan etc that all details are accurate. Remember that any financial details such as credit card or loan balances outstanding etc that you include on your form will probably be checked against your credit record, so don't exclude or falsify information.
