With the UK economy in a poor state of affairs and lenders holding on to their cash, obtaining credit is proving to be more and more difficult. Unless you have an excellent credit history, your application for credit is likely to be rejected. However there are certain things you can do to build your credit file to a better level and improve the chances of your credit application being approved by a lender.
Firstly you should apply a free credit check online, which you can easily do by simply doing a search in Google or one of the other major search engines. Usually you can get instant access to your free credit report, after only providing a few pieces of basic information to the credit reference agency you applied with.
Once you have access to your free credit report, carefully read through all the information the credit reference agency has detailed on your personal report, checking to make sure that all details are correct, especially paying close attention to whether your name is registered on the electoral register where you are currently residing and that your name (including middle names), surname and date of birth are correctly displayed.
You should carefully review the information on your credit report detailing any current or previous credit agreements you have/or have had. These will be seen by a lender when you apply for credit and therefore you want to ensure that only correct details are shown here. For example if you had a credit agreement with ABC Lender 12 months ago which you have settled in full, then this must be shown against the particular credit agreement on your credit file. If the finance company you had the agreement with have not updated your credit file, it may show as “outstanding” meaning, in theory the lender will see this as you have an outstanding debt with this particular financial organisation. If this is the case and you have paid the finance agreement in full without any issues, then you will be able to contact the finance company in question by taking their details from your free credit report เครดิตฟรี กดรับเอง.
It is also important for you to review any current credit arrangements you have in place with other financial companies. Review those that are listed to ensure that they are correct and show an excellent repayment history for at least the last 12 months. Any repayment history which shows late or missed payments, could mean that an application for credit is turned down, due to this issue. It shows the prospective lender that you do not meet your financial obligations on a monthly basis because, perhaps you have “over stretched” yourself financially each month. The lender could then read this as a sign that you already have too many other financial commitments and reject your credit application.
Lastly your free credit check online will also show you details of any searches that have taken place on your credit file from other financial organisations where you have applied for credit elsewhere. Usually these searches will stay on your credit file for some time and it is recommended that a prospective lender does not see too many of these searches, as it could be interpreted that you are applying too many lenders for credit and have been rejected previously.