Improving your credit score is not a quick fix. Making a real and continued change takes time and a thought-out plan. In this guide, we’ll run through some steps you can take to make concrete improvements to your credit rating. 


Why Is Your Credit Score Important?

When you’re submitting a form for a loan, mortgage, credit card or a mobile phone contract, your credit rating is one of the most important things providers will take into account. Of course, they’ll look at other things too, such as the amount you want to borrow. Other things a lender might ask are usually out of your control, such how long you’re borrowing for, your wage, and how much savings you have. However, your credit rating can remain in your control. To find out more about how a lender checks your rating, read our guide how does a credit check work

How Do You Really Improve Your Credit Score?

The first thing to do is to pay off any existing debts. Being in debt will have a very negative impact on your credit. For help paying off your debts, see the best ways to repay debts. To begin to improve this score, get a credit card if you don’t already have one. Paying your credit card bills on time each month will allow you to build up your rating again. These are the most common methods people take, but there’s a lot more you should be doing to really have an impact. Let’s run through two of the most effective methods that will convince lenders to offer you credit products.

The Electoral Register 

The electoral register is a record of your name and personal information that can improve your credit. Registering to vote creates an account of your name, address and date of birth that lenders can use to confirm your identity. This helps your chances of being approved by lenders as they feel safe in the knowledge that you are who you say you are. For lenders, your identity is a crucial point as they don’t want to run into problems with fraud and identity theft. You can contact your local electoral office to find out if you’re registered.

Your Utilisation Rate 

Your utilisation rate is something that lenders take into serious consideration before offering any credit products. A utilisation rate is a percentage which shows a lender how much credit you use compared to how much you are able to. This shows a lender that your not using credit irresponsibly. For example, if you have a credit card that allows you to borrow $1000 per month and you use it for $100, your utilisation rate would be 10%. Some credit rating agencies suggest that you keep your utilisation rate at around 30%. This show that you’re a responsible borrower who keeps up with repayments and only borrows what you can afford.


Improving your credit score may be on your mind, but you have to remember that it doesn’t happen overnight. These things take time. If you’re looking to make immediate changes, implementing these methods is a great place to start but you’ll have to be patient! 

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