If you’re shopping around, and not yet ready to apply, make that clear and ask for a quotation or ‘quotation search’. It is possible to improve your credit rating, sometimes by simply cancelling unused credit cards and there are other steps you might be able to take.This is where a lender searches your credit record, to decide whether you’re eligible or to provide a quote, but without leaving a ‘footprint’ on your file. You should also correct any factual errors you spot on your credit file - speak to the CRA or ask the lender direct.By Neil Stone, Experian UK Social Support team If you have recently moved to the UK, or moved back after a spell abroad, you may be wondering what you can do to start to grow your Experian Credit Score.You may even be looking to spread your wings and move abroad, and wondering how this will impact your score.Have you ever wondered how a bank or other lender decides whether to give you credit? This tells them about your credit history and helps them assess how much of a risk lending to you will be.Your credit report doesn’t carry other personal information such as your salary, religion or any criminal record.
However, you normally have to give your credit or debit card details when you sign up to the free trial and money will be taken from your account unless you cancel in time.Many companies will choose not to lend to you if you haven’t always managed your credit well and don’t have a good credit rating, while others might lend but charge you a higher rate of interest or offer you a smaller amount of credit.If you are applying for a loan, mortgage, credit card or other borrowing then it might be a good idea to check your credit report first, if you haven’t looked at it for some time. In any case, it makes sense to check it from time to time to make sure there are no mistakes or that you haven’t missed any payments without realising it.As your accounts become more established, lenders will be able to use the information to help make their lending decisions.We hold information on closed accounts for six years, so when moving back from a spell abroad there may still be information on your credit report, depending on how long you have been away.
Your credit score is an assessment by a particular lender of how good a credit risk you are, based on its own criteria and typically including CRA information.