Securing a good credit score isn’t an overnight task.
It may take months (or even years) to reach your desired status. However, you can start to see significant progress quite quickly. The first process to go through is checking your basic information is present and correct and that there is nothing on your credit profile that you don’t recognise, start by checking;
- Your full name and date of birth.
- The current and previous addresses held on file.
- Your current status on the electoral register.
- Current account details relating to overdrafts.
- Financial partners, such as your joint bank account holder.
- Details of any open or closed credit accounts.
- Details of fraud or identity theft.
- Data of County Court Judgements, bankruptcy, and other public records.
If any of the details are incorrect, you must fix them ASAP. To do this, call the CRA directly, their details will be available vis their websites, and provide details of the corrections that need to be made. Once you’ve got the basics up to date you should see an improvement in your score quite quickly - as soon as within 30 days but occasionally it may take longer for the changes to fully take affect.
Improving your score further requires a slightly more long term approach and requires you to take responsibility of your finances in order to earn a better score over time.