How To Improve Your Credit Rating



Your credit score is a three digit number that defines the likely hood of you paying back a loan amount. It is vitally important to us this day and age if we want to apply for finance, take out a loan and get a mortgage.

 Some of us have suffered a backlash from mistakes that we made when we were younger which causes nothing but hassle when we apply for finance.



There are even times when our business plans haven't gone to plan and we are left with a catalogue of mess to clean up.

 Not to fear, a small company called Fund My Van, who operate out of an office in Swansea, South Wales are able to provide finance for people with bad credit. If you have previously been rejected by your local dealer or are a newly-incorporated company then Fund My Van will be able to look deeper in to your application and in most cases, find a finance house that will part with the funds.


If you need to see what sort of repayments you would be looking at, take a look at their online finance calculator which will tell you instantly what sort of cost it would be every month.

 You can even apply for finance in 60 seconds on the Fund My Van website. They will then get in touch with you when they assess your application and can provide you with a clear step forward.


In the meantime, there are ways to improve your credit rating which are often overlooked and not thought about.

 1. Pay any bill that you have on time, this will show lenders that you have a constant income available to pay off any outstanding balances.

 2. Pay off any debts that you might have and if you do use a credit card, keep the balance low so it is easily manageable.

 3. Apply for and open new credit accounts, but only if these are easily managed. Don't go mad, you could end up in more of a mess.

 4. Don't close any unused credit accounts, this may increase your credit utilisation ratio.

 5. Don't apply for too much new credit, any new credit checks will stay on your file for two years so make sure it is the right decision for you.

 6. Dispute any inaccuracies on your account by taking a look on sites like Experian or Equifax and raising issues with any activity that is incorrect.

 No matter if you think it's too late, it is never a bad time to start rebuilding your credit score. It won't happen straight away, so be patient.


If you do need any more information about new van finance then please get in touch by visiting the Fund My Van website or call 08455 610 155.

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