Seven ways to improve your credit rating

Want to know how to get a better credit rating? Follow our seven simple steps and you could be well on your way to getting a loan.

Take out a credit card

If you are using your card every month, make sure you are paying it off in full the following month.

It is actually better to have several cards with small amounts than one card that you max out.

Show stability

Potential lenders are looking to see whether you are financially stable. Show that you have either worked or lived somewhere for a period of time.

Consider your connections

Is anyone else, or a partner, linked to your credit history? Do you have shared utility bills, bank accounts or mortgages?

Separate your credit accounts and bills.

Stay up-to-date

Check your credit reference through agencies such as Equifax, Experian or Callcredit, and ensure your credit reference file is up to date.

Sign up to a month contract

Take out a contract that requires a monthly payment. A landline or mobile is a good example of one that can be used to boost your rating.

Don't make a payment break

Your credit rating could be impacted if you take a payment holiday.


Get a voting history - registering on the electoral role will help with establishing your identity to lenders and demonstrate stability.