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A:
In the UK no universal rating exists. So any measures taken will
effect lenders differently. First off, if you are not on the electoral
roll, then you should apply for it immediately. Lenders check it,
and it's a red flag if you do not appear on it. Do not apply for
multiple finance at the same time, apply before you move home or
go on maternity leave or take redundancy. You can check your credit
file online, which may help you to try to repair any past credit
problems such as outstanding debts. Contact your financial Ombudsman
or lender to see if any past defaults can be wiped clean. A 'Notice
of Correction' can also be applied to any defaults which appear
unfair. If you are getting rejected on a regular basis, then it's
a good idea to check your credit file to find out why. If you have
bank accounts or credit cards you do not use, then you should cancel
them, they will have an effect on your credit rating. Stability
is the key, a long term house owner and employee is a better risk
than a renter and self employed. While being married to someone
with a bad ratings will not effect your chances, a joint account
will.
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