Donít leave an application footprint
By constantly applying for credit cards and loans you are leaving a footprint on your credit file. This is not looked upon favourably by lenders. It looks like you need money in a rush and are applying for loans and not being accepted. It is fine to apply in intervals, but lots of applications in a row can raise flags for lenders.
Get on the electoral roll at your address
In order to prove that you live at the address you say you live at you should register on the electoral roll at that address. This is a way for lenders to stop identity fraud and make sure that you are the person you say you are. This is an easy one for lenders to check and it will help your application quite significantly.
CCJís should be up to date
If you have settled a County Court Judgement (CCJ) contact the credit reference agencies to make sure that it shows on your credit file that you have settled it. If you have settled it and it is not showing that way on your file then you are extremely likely to be rejected for any kind of credit.
Cancel credit cards that you no longer use
If you have credit cards that you have paid off, cancel them with the card company. This usually takes a phone call to the card company and they will cancel it for you. When you are applying for new credit, lenders will assess how much you already have. If you have lots of cards they will take the amount of credit you have ready to use into account when assessing how much to give you.
Donít change your address too much
Most lenders will want to lend to stable customers. If it looks like you are changing your address a lot, it could look risky to them. Try to stick to the same address for some time so you can build up a good history.
Association with people with poor credit
If you share credit card accounts, bank accounts or other loans with someone else who has a poor credit history, this is likely to affect your ability to get credit.
Donít make any late payments
This probably should go without saying, but making late payments on any account you have, will adversely affect your credit score. Keep up to date with all payments and pay off your balances each month if you can and your credit score will improve.
Improving your credit score is a matter of making sure you have everything you need in order, so that lenders will look favourably on you when you apply for credit.