How to improve eligibility for credit cards
By improving eligibility chances, people can unlock more competitive offers and better rates. Experts at TotallyMoney have provided five top tips for people to boost eligibility.
Check the report
Firstly, they suggest people check their credit reports. It’s free to do and they can make sure that all the information available to lenders is correct and up to date.
Get on the electoral register
Registering on the electoral roll is one of the easiest ways people can make a difference to their credit score.
The electoral roll is a list of the names and addresses of people registered to vote in public elections in the UK and Northern Ireland.
Experts at TotallyMoney stated: “Having your name on the electoral register can help lenders check your address and identity. Plus, if you’ve been at the same address for a while it can make you appear to be more settled and stable.”
Satisfy CCJs
Having a County Court Judgement (CCJ) can significantly and adversely impact a person’s credit score, so those who are able to satisfy it should do so.
TotallyMoney experts said: “Lenders will generally look more favourably on a CCJ which has been paid than one which is outstanding.”
