The first thing to do if you want to improve your credit score is get a copy of your credit report. You just need to visit the website of a credit reference agency and ask them to send your report (for a £2 fee).

Once you’ve got it, you can:

  • Check your credit report for errors
  • Ask lenders and credit reference agencies to correct their data (as long as you have evidence to support your request)
  • Make sure you’re on the electoral roll
  • Check that you’re not maxing out your credit cards. Aim to keep your balances below 50% of your limit
  • Make sure you’re keeping up to date with regular payments. Paying bills on time makes a big difference
  • Think about whether to apply for a credit-building credit card or a small short-term loan to help rebuild your score
  • See how many credit applications you’ve made recently. Credit checks leave a footprint on your credit report and it doesn’t look good if you’ve made too many.

Your credit score won't improve overnight, but if you follow these steps, you should see improvements month after month.