Want to improve your credit score? Here are a few tips to get you started

4 Top Tips to improve your Credit Score.

1. Pay your bills on time: Late payments can have a negative impact on your credit score. Make sure to pay your bills on time every month to avoid any dings to your credit.
2. Keep your ‘credit utilisation’ low: Your credit utilisation is the amount of credit you’re as a percentage of your total credit limit. It’s generally best to keep your ‘utilisation’ below the 30% mark, as if this is frequently too high, it can harm.
3. Don’t apply for too much credit at once! Each time you apply for credit, it can leave a “hard search” on your credit report, which can negatively impact your score. Limiting the number of credit applications in a short time span will help your credit score in the long run.
4. Monitor your credit report: Checking your credit report regularly will allow you to recognise any errors and possible fraud. The earlier any anomalies are picked up, the easier they will be to sort. You can get a free copy of your credit report from each of the three major credit bureaus in the UK (Experian, Equifax, and TransUnion) once a year.

By following these tips and being proactive about your credit management, you can improve your credit score and set yourself up for financial success.