MyCallcredit director, Alison Nicholson, said: Many people think the amount you can borrow is linked directly to how much you earn but its much more complicated than that.
Credit score agencies which check your financial history for risk, then pass this information on to lenders investigate whether you are on the electoral register, credit card payment histories and any unpaid bills which resulted in County Court Judgements (CCJs).
Each lender is different in how it uses your credit file to work out a score. Understanding the information held about you and how lenders use it is the first step toward getting the best deals on credit you can, said Nicholson.
Clean up your credit file
Register on the electoral roll immediately when you move
Pay bills on time credit firms know if you are late
Keep credit card balances low
Only apply for new credit when you need it
Dont open lots of accounts rapidly
Check your credit file is it correct?
