Capital One: 4 Ways to Improve Your Credit Score

By Gavin | May 20, 2019

Your credit rating is really important. It’s used to decide whether you get credit cards, loans, mortgages, phone contracts, car insurance and more. One missed payment can affect your credit score for up to 6 years.

Stay in control to avoid missing

To stay in control by setting up a direct debit so your payments come out automatically. Pay off more than the minimum payment on credit cards and loans every month. It saves you money on interest and lenders look positively on it. Lenders use the electoral roll to confirm where you live and who you are. If you’re not on it, you’re unlikely to get any credit.

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Register online at gov.uk/register to vote. If you keep applying and keep getting declined it goes against you. Some providers now have eligibility checkers that tell you how likely you are to be accepted before you apply, and it won't affect your credit score. Capital One, the card in your corner.

Do what you want to do. See where you want to see. Less worries and more freedom in life. When you have the flexibility of a higher credit score, everything becomes easier. Although improving your credit score may not be possible overnight, you can see these five tips to help you start moving in the right direction.

Other web page resource

Ways to Improve Your Credit Score: https://www.capitalone.com/learn-grow/money-management/improve-credit-score