Want to apply for a new credit card, a large loan or a mortgage?

Checking and /or Improving your credit score can be a necessary goal if you’re planning to apply for a loan to make a major purchase, like a new car or home.

It can take several weeks, and sometimes several months to see a noticeable impact on your credit score.

1. How can you make your credit score improve quickly?

By paying down your credit card debts, increasing your credit limit, checking your credit reports frequently for errors, and notifying creditors.

2. How often do credit scores change?

Your credit score changes as your credit report changes. It can change when some new information is added to your credit reports; this can be you applying for a job, you get a loan, or you get a new credit card.

3. What are score factors?

Score factors are codes provided with a credit score. They describe how items in your credit report influence the score. These factors identify which items have the greatest impact.

– Experian Equifax/TransUnion – offer free viewable status on what (credit score) these big players hold on you.

Do you need financial help? You can save or borrow with Thamesbank. Find out more on our website for loans and savings.