Top 5 Ways to Improve Your Bad Credit Rating

Bad credit? Cash loans wishful thinking? Improve your credit rating…

Credit rating is one of the most important concerns of anyone looking to secure loans. Without a good credit rating, you might be refused for loans from various banks and loan companies.

Sometimes you might not even be aware that your credit rating is as weak as it is: your credit rating can follow you for years and also from different places.

At Simple Fast Loans we consider people with bad credit ratings because we know one mishap should not adversely affect your ability to secure a loan in the future.

Before you consider one of our bad credit cash loans however, let us help you to improve your credit rating as it stands with these helpful hints and tips.

Get on the electoral register
One of the easiest ways to help your situation is by registering yourself on the electoral register. If you are not on the register, it will be harder to get credit. Getting on the electoral roll will prove that you live where you say you do. This verification can help a lot.

Prove previous responsible credit
You can improve your credit rating by proving you have been responsible with credit in the past. Even small bills like mobile phone bills can help your case. If you have paid these promptly, this will show that you are responsible with payments.

Resolve CCJ’s
County Court Judgements (CCJ’s) can have a negative impact on your credit rating and stay on your profile for six years. You should try to settle any outstanding payments relating to a CCJ if you have one.

Carry good credit rating with you
In the modern world a lot of people live abroad for a period of time. If you have had an account in a different country and have never had adverse credit in that country, this may help you improve your credit rating.

You will be required to obtain a credit rating report from the country in which you live, but it might be worth your while doing so. Prospective lenders may look favourably upon this and be more inclined to offer you a loan.

Cancel unused credit cards
If you have a credit card that you don’t use, you should cancel it. This will also ensure that you cannot become the unwilling victim of fraud relating to that card.

Of course, even with the above tips, it can be an uphill struggle to improve your credit rating. That is why you’ll be encouraged to hear that at Simple Fast Loans we consider you for a loan even if you have a poor credit rating.

Call us over the phone today to speak to one of our trained experts, or simply apply online – if approved you could have the money within 60mins!