It is much easier to lower your credit rating than it is to raise it

Before you can figure out how to fix your credit rating you need to be able to see just why it is low in the first place.

To do this you need to pull your credit reports from both Equifax and Experian and take a close look at both reports.

You can still borrow money when you need to

Just because you have made a few mistakes in the past and your credit record is no longer perfect does not mean that you should not be able to borrow money when you need it.

Just find an unsecured loans at a rate that you can afford.

Uk Credit Laws can work with you

UK laws that are designed to protect the consumer there are ways to get rid of your credit card debt without getting in legal trouble.

There are two methods that are legal in the UK to dispose your credit card debt 

Find everything you need here.

If you have been turned down for credit and told that it is due to a problem with your credit rating there are several things you need to do to fix your credit rating and bring it back up to where it is high enough to enable you to get the next loan you apply for.

Remember no one starts out with a good credit rating it must be earned and once you have a good rating you should try very hard to keep it as it is much easier to earn the first time than it is to rebuild it once it has been brought down.

You can lose your good credit rating as the result of being late on payments, defaulting on a loan or as a result of a County Court Judgment (CCJ) being lodged against you. A bankruptcy or several of the different debt relief programs will also have an effect on your credit standings.

Some of these reasons will allow you to fix your credit score fast while others such as a judgment will require some hard work and plenty of time to overcome and fix your credit rating.

With the millions of entries being made into the credit records of both major reporting agencies, errors on peoples credit records are actually quite common. If you pull only one of the two companies, let's say Equifax and you find an error it’s a pretty safe bet that the same error will appear on the credit report from Experian so you should pull their report as well.

The only way to fix a credit report error is to prove that the information is wrong; this is completely in your hands no matter how ridiculous the error may be.

You will first need to contact the lender in question by sending them a query regarding the account that states your name, address, the account number in question, the amount of money in question, the reason you are disputing the report and any paperwork you have that will support your claim.

 If they are valid they must contact the reporting agencies and make the corrections. If for some reason you do not receive satisfaction from the lender, you do have the right to contact the credit reporting agencies yourself and ask for their help.

You will need to provide them with the same information so that they can do their own investigation into the matter. They too have 28 days to make the corrections and notify you. If you want to make sure both agencies take care of it you need to provide the same information to them both.

If there are no errors on your credit report and your score is low the best way to fix your credit rating is to start from the beginning and rebuild your credit, Instead of paying all of your bills with cash you should pay some of them with a credit card and then make payments on the credit card. Each time you make your payment on time it adds to your credit score, it will not create good credit for you overnight, but overtime you will fix your credit rating.

Even if you have bad credit there are credit cards you can qualify for just remember the interest rate on these cards is going to be very high so try not to carry too high of a balance and make sure you pay on time every month. If you keep your balance paid off you will be surprised how much of a difference it will make to your credit score in as little as one year.