I want to share with you an important tip on how to clean credit up.
Recently, someone was telling me that they were refused credit by a popular mail order company. This had never happened before and was a bit of a mystery. They wanted some repair to credit advise to quickly sort the issue.
Up until recently, their credit score had been good and they done nothing to get any black marks as far as they knew.
My advise was to get a triple credit report to see if there was anything on their that could be pulling the score down. I also said that it may have something to do with moving home – sometimes previous tenants, or neighbours credit scores can affect your own credit.
Taking my advise, my friend phoned checkmyfile.com and asked them why she was refused credit when their report had been very positive just a few months ago. The lady at checkmyfile.com said that because she had just moved home she might not be on the electoral role for her new address.
She also said that if you wait for the local authorities to update the data it could take 3-6 months. Instead it would be much quicker to request the update immediately.
If you are looking to clean credit up, and you know that you have recently had good credit score it I would always think about what might have changed in the intervening period. In this case it was moving home, but also missing a bill deadline can have a bad effect on credit rating.
