How to boost your Credit Score: Expert shares 7 top tips

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Poor credit scores can feel like a huge barrier when it comes to unlocking credit options

Credit scores are vital, but many of us only think about them when we are looking at personal credit options.

While poor credit scores can feel like a huge barrier when it comes to unlocking credit options, a good credit score can mean access to better borrowing terms, lower interest rates, and a host of other benefits.Even if you don’t vote, it’s so important for your credit score to ensure you register on the electoral roll at your current address, even if it’s shared accommodation or living at home - updating this information can help improve your credit score.

Whilst this isn’t always possible, if you are renting, try avoiding moving every couple of months. Lenders like stability, and the longer you are at an address, the less likely it’ll influence lenders' decision to offer you credit.Some bank accounts have 0% interest rates on their overdrafts, but it’s important to see it as there for a rainy day only, not as part of your regular budget.

 

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