Did you know that each year you have the right to obtain a copy of your credit report, for free?
Whilst most people have never checked their credit report, having a good credit rating is extremely important if you are looking to secure a home loan, sign up[ to a new credit card or even if you’re setting up a new mobile phone contract.
Some quick tips to help you with your credit rating:
- It seems obvious, but don’t forget to make your payments. Set up a reminder, or an automatic payment to help ensure you don’t get caught out.
- Make sure that you update your address if you move – missed payments because bills have been sent to your old address can end up as a default on your credit report.
- Contact your credit provider as soon as you realise you may not be able to make a payment on time. Many credit providers will work with you if you are struggling with repayments.
- Make sure you fill out application forms for credit properly – much of what is contained in your credit report is actually information provided by you!