As we begin to come out of the Pandemic, it’s going to be important to maintain a good credit score. Here are four tips to improve your credit score.

1. Prove where you live:
– Register on the electoral roll at your current address
– you can do this even if you’re in shared accommodation or living at home with your parents

2. Build your credit history:
– Having little or no credit history can make it difficult for companies to assess you, and your credit score may be lower as a result
– This is a common problem for young people and people who are new to the country. Luckily, there are some steps you may be able to take to build up your credit history

3. Make payments reliably:
– Paying your accounts on time and in full each month is a good way to show lenders you’re a reliable borrower, and capable of handling credit responsibly. – Old, well-managed accounts will usually improve your score – although be sure to read about the potential impact of unused credit cards

4. Keep your credit utilisation low:
– Your credit utilisation is the percentage you use of your credit limit. For example, if you have a limit of £2,000 and you’ve used £1,000 of that, your credit utilisation is 50%
– Usually, a lower percentage will be seen positively by companies and will increase your score as a result. If possible, try and keep your credit utilisation at 25%