How to improve your credit rating

Thought I'd add my two penneth in here. I'll start by saying that I have 13 years worth of experience working the credit industry so know how the system works inside out and what I don't know about a credit file isn't worth writing on the back of a postage stamp. So what is a credit file? The express intention of a file of information about your past credit history is there for the intention of... A. Providing other lenders with information on how you have managed your accounts in the past B. How you manage the accounts you currently have C. Advise of bad debt D. Advise of fraud ...  Read the complete review

**How to improve your Credit Rating** All credit ratings are given to adults who have financial dealings. Credit Reference Agencies collect the data and custom label the data to your name; regardless if wrong or any other person has taken your name for a fraudulent act. It is up to you to view your report so that this does not occur. It is a total myth that any credit rating score stays with you for over 6 years. In fact it is just 2 years, if you have fallen on financial hardships. The Electorate listing to an abode, could cause problems if you move constantly as the scoring system redeems that as suspicious. Again, it is a myth that the information can stain ...  Read the complete review

How to improve your credit rating Some MYTHS about credit ratings: 1. If you don’t pay off your credit card, you’ll get put on a black list. 2. Black lists are shared between banks and other financial institutions. 3. Your credit rating is affected by other members of your household who have run up debts. 4. Your credit rating is permanent. If you want to apply for a loan, credit card or a mortgage, the usual process, as we all know, is to fill in application form, and wait for a decision. What actually happens at the banks’ end? How do they make their decisions so quickly about issues which are so important to us? How on ...  Read the complete review

I believe that it is the love for money that results in people getting bad credit ratings. Although you may not realise that you love money, think about how much you enjoy its benefits, socialising, treating your girlfriend or even buying that bike you've always wanted. We all get a buzz from buying something new and showing it off to our friends, the trick is to know how to control this drug and the adrenaline rush that we ultimately get from it. Bankruptcy is something that is taken too lightly in today's society, just yesterday I was asking my friends about the likely hood of bankruptcy, all dismissed the idea as something that could never and ...  Read the complete review

Let's be brutal about this. We all spend up to the limit at some time in our life. I have went beyond it at times as I'm sure most people have. I could say the obvious and say that you should always pay bills on time and never default on payments. What's the point if you are reading this it could be that you have a slightly dirty credit rating. Possibly not your fault, someone near you with the same postcode can effect you indirectly. A previous tenant? I'm sure the other suggestions cover these. The one thing I would say is that when you do discover that you are in a position where your credit rating is getting ...  Read the complete review