How to improve your credit score

If your credit rating has fallen over the years you may be looking for information on how to improve your credit score. Unfortunately, due to the high level of consumer debt in the UK, which has risen steeply over recent years, many people have now found themselves with a tarnished credit history and a low credit score. A low credit score can be the result of a number of factors, but most commonly comes from missed and late repayments on loans, credit commitments, and bills. The lower your credit score, the more difficult you will find it to get credit in the future, which means that you may no longer be eligible to take out a mortgage, car finance, personal loans, and many other types of credit.In the past trying to improve your credit score could be an arduous task, and many people found that once their credit score had dropped it was very difficult to get back on track. However, the good news is that these days a number of lenders and financial institutions in the UK have started to cater for those with a low credit rating, enabling them to work on improving their credit score and look forward to a brighter financial future. A poor credit history credit card is the ideal way to start improving your credit score, and these cards are specifically designed to help those with a low credit rating without pushing them further into debt.Which poor credit history credit card is for you?Due to the large gap in the market when it comes to catering for bad credit rating consumers, a number of financial institutions have started to offer poor credit history credit cards. These cards offer very low credit limits, thus eliminating the chances of the borrower getting themselves into unmanageable levels of debt. The idea with these credit cards is that you use them to make your purchases, and then you either repay the full amount on the card at the end of each month, which means that you will not even be charged interest for using the cards, or you make at least the minimum repayment by the date specified on your statement. By using the card responsibly and maintaining proper repayments you can start to rebuild your credit, as your timely repayments will be logged on your credit report.The Capital One Classic credit card is one of the poor credit history credit cards available on the market today, and many consumers with poor credit ratings have started to rebuild their credit score and improve their credit history through using this card. The Capital One Classic card is specifically designed to help those with a poor credit score and adverse credit history, making it ideal if you want to work on your credit score without the temptation of getting deeper into debt. Another of the popular credit cards available to those with a bad credit rating is the Vanquis Bank Abacus credit card. Again, Vanquis Bank offers this credit card facility with a low credit limit to keep consumers from getting into higher levels of debt, and with proper and timely repayments on the card you can start seeing an improvement in your credit rating.Compare card features to find the right bad credit history credit card for youThe ideal way to find the best poor credit history credit card for your needs is to compare the features, exclusions, and details of the cards that are on offer to those with a low credit score. It is important that you don’t just apply randomly for any credit card when you have a low credit history, as the chances are that if the card is not designed specifically for those with poor credit you will be refused. This will further damage your credit score and can make it even more difficult to get back on track.Instead, use resources such as www.credit-card-comparison-online.co.uk which will enable you to compare cards that are designed for those with a tarnished credit history and low credit score; at www.credit-card-comparison-online.co.uk/bad-credit-rating/default.asp. You can compare suitable cards from the comfort of your own home, and you can even make your application online, which will save you time and inconvenience.

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