SimonDuffy asked:


your credit rating is basically your personal finance history, whatever accounts and forms of credit you’d had in the past and any missed payments, defaults or notices on those accounts are marked on your credit rating. Finance companies use credit reports to see how individuals manage or fail to manage their bank accounts, credit cards, personal loans, mortgage payments even mobile phones. This helps the lenders to gain a profile of the kind of customers they’re more likely and less likely to lend money to in the future. But can you really protect or make your credit rating better?

Well, yes, there are certain things you can do to make sure your credit rating is the best it can be. First off you should always tell the truth whenever you’re applying for credit. In the end it will only be you that suffers if you cannot afford to make the repayments on your debt. This is the first basic rule of lending, don’t fool yourself – can you really, honestly afford to make the repayments? If you lie on an application form lenders can easily find out and it could be deemed as a fraudulent application which will cause problems for you in the future.

Don’t apply over and over again with different lenders, this will only leave a trail of rejected applications behind you. Each time you make a new application the lender will see on your credit rating how many times you’ve already applied and which lenders you’ve applied to. If you feel that you might be able to get a more competitive quote from another finance company then ask for just that – a quote. Then you can go on to make a formal application. If the finance company say they need to run a credit check to give you a quote then ask them to make sure it will only show up on your credit rating as a quotation search, rather than a credit application search.

Your credit report will also show other people with whom you have joint accounts or any form of joint credit. Obviously these people could be ex-partners that you no longer share a relationship with. Make sure you keep you credit report up to date by telling the credit agencies to remove the people who are not financially connected to you. Lenders may look at the credit ratings of financially connected people on your credit rating and if they have a bad credit rating you could be affected.

You should always check your ID, if there is anything suspicious looking like applications you can’t recall then let the agency know. Infact if you find anything in your credit report that you think should not be there then write to the credit agency and ask them to amend it or let you know exactly what it means. For example if you have settled a CCJ then make sure this is showing. You need to ensure the corrections you have made your efforts to clean up your rating are being shown.

The easiest way to keep your credit rating clean is to make your payments every time, on time. Even if the payment is just a few pounds it shows that you are responsible with your finances and can budget correctly. If you think that you might miss a payment in the future then contact the lender immeadiately, burying your head in the sand will not help the problem and things will only get worse.

Louis Meyer asked:


Credit score is among those crucial things which aid in determining an individual’s financial status. It also helps in determining subsequently the ability of the person acquire external monetary assistance in need and in getting approved for credit cards. A lot of factors are there which negatively contribute in destroying a person’s credit report. When one suspects that the credit rating is being damaged, it is wise to get a copy and start working towards the credit repair instantly.

If you have a bad credit score then it is essential you begin repairing it right away as it is quite imperative to have a great credit score to obtain the benefits of FHA loans, mortgage refinance or credit cards. You may have to cut down drastically on your day to day expenses and may have to be slightly harder on your luxurious veins. Also, it is necessary to repair bad credit repair as it may stress you out completely there making it impossible for you to think constructively and decreasing your morale. Further, with bad credit there is no effective debt settlement and hence the conditions worsen to the point of bankruptcy when you are utterly humiliated and embarrassed in public. To combat such a situation, it is always better to plan ahead to lead a healthy fiscal life and to make use of some effective bad credit repair plan immediately.

There are many incredible credit repair e- books and online seminars that can sere as the best ways in getting familiar with various credit repair programs. As these programs and classes are actually organized by reputed and leading credit repair organizations, they offer really beneficial and effective credit counseling as well. The credit repair e- books contribute to let you know various ways by which you can improve your credit record, build a sound one and what you should do in critical credit situations. They help you to formulate the entire financial procedure so that the credit record is unmistakably fixed and you ace no further financial troubles. With the help of these credit repair e- books you can also learn:

· The step- by- step procedure for the easy and quick removal of negative entries of your credit report

· How to forge forward to make the credit companies cater to you seriously

· Various steps to have a great credit rating

· How you an handle the crucial responses from different credit bureaus

· How to avoid the financial harms that have been caused while you close the credit-card accounts.

What is interesting is that there are a lot of kits also available for the purpose of bad credit repair. These have been designed specially by exert financial managers and consultants who aim at providing you with the bets solutions and guidance regarding bad credit repair. The credit repair kits usually cover the following fields:

· Effective scoring of credit

· Removal of justifiable bad credits

· Solutions for eliminating bad credit scores

· Credit card insights

· Simple book-keeping

· Ways to build good credit record

· Debt settlement

· Bankruptcy

· Loan Modification

· Credit Card Debt Settlement

So, do not waste any more time and get the best financial advice and assistance to recover your credit record via these amazing credit repair programs.