So the standard things you can do is pay off any CCJs within 1 month of them being registered, pay your repayments on time and in full etc.  Real obvious stuff. 

 

Now here for the stuff I have found out the hard way!

 

1. Get on the electoral roll.  This massively increases your credit score.
2. Dispute ANY incorrect information.  So get a copy of your file and then make the effort to write to the credit reference agencies and get them to correct it.
3. Make sure you pay everything by direct debit to ensure payment.  If the payment is wrong you can always ask for the excess back however if you under pay in their mistaken opinion they can still lodge it as a late payment.
4. Get credit!  If you have no credit build up a history of paying debt on time and in full.  So bung all your shopping on the credit card and then pay it in full via direct debit.
5.  go easy on credit checks.  Keep them to a minimum.  Unfortunately the more checks the lower the credit score.
6. ditch the losers.  If you have a joint account with someone who has a rubbish record then get rid of that account.  Take your name off it and inform the credit agency you no longer have an account with them or are linked with them in any way!

 

If you do all this then welcome to becoming very rich with other people’s money (OPM).  If you want to learn how to get rich using OPM then click here.

 

Ajay

 

 

Posted on: 11th May 2009

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