Credit Score History

The Sun looks at how you can improve your personal finances with the help of Andrew Hagger, a finance specialist. How is your credit rating?

There are three Credit Reference Agencies (CRAs) in the UK: How do I verify my credit reports? When you want full coverage you are paying 14.99 per month after a 30 day test phase. This information is really important because when you sign a new credit contract - such as a credit or debit slip, or a cell number contract - the lender uses it to determine whether or not to grant you a credit, and if they do, what business you are going to get.

Keep in mind - the credit agencies do not determine whether you will be approved for a transaction or not - they just give your monetary history detail to creditors who will make the final judgement. There are things you can do to enhance your evaluation. Here are some hints to help you get your credit reports right - keep in mind that this is about showing that you can be a good corporate citizen.

When you are declined for a credit or debit card, it might be tempted to immediately request another. Creditors use the voter list to prove who you are - and if you're not there, you'll find it's much more difficult to get credit. When you have high credit on your current credit lines, creditors will again think that you are fighting to keep your funds under control and will be more restrained in lending.

Failure to make your quarterly payout or poorer failure to make an arrangement can have a terrible effect on your credit spreads. Default settings remain in your database for six years, so do anything you can to get late with your transactions. You got a history for the Sun Online Money crew?