If you are considering applying for a loan or financing an expensive item, you may want to check you have a good credit rating before you apply. If you apply for a loan or finance with a poor credit rating you are likely to get rejected, and this may make your credit rating even worse.
If you want to improve your credit rating, there are a few things you can do to help. Firstly, make sure you are on the electoral roll as the lender will use this to check you are who you say you are. Secondly, clear off any outstanding debts you may have as this will lower your chances of being accepted.
Take out a credit card and make payments on time to improve your rating. That said, if you have any unused credit cards, it is important that you close these down and don’t leave them inactive.