Van Advice

How Do I Improve My Credit Score?

Vanaways
Lee
21st Sep 2021
How Do I Improve My Credit Score?

Having bad credit doesn’t have to stop you from important things in life like buying a house or getting a car. There are ways to improve a credit score so if yours has been lacking, we’ve put together a list of tips to help you. Whether you’ve been rejected from credit in the past or your score is low, here’s how you can improve your credit score to help you gain finance for the things you need.

Register to vote

One really simple way to boost your credit score is by registering to vote. If you’re not on the electoral roll then you may not have any credit at all, as this is what proves you live at the address given on the application. This is a key part of identity checks that lenders will carry out and can boost your score by up to 50 points.

Check your credit report regularly

Your credit file contains a lot of data about you that may potentially contain mistakes. If you aren’t regularly updating your report, you may make a credit application only to be refused because the information on record was wrong. You should check your information with the three main agencies (Experian, TransUnion, and Equifax) and correct any mistakes.

Stay on top of rental payments

Renters often end up paying more than homeowners but still find it difficult to prove they can make payments on time. To stay on top of this, make sure all your rental payments are made on time so that it doesn’t lead you into any issues further down the line. Forgetting a payment can lead to bad credit, even if you have the money in the bank to pay.

End financial associations with others

When you live with someone and open a joint account with them, you become financially linked to that person. This could be an ex-partner or an old housemate. If you pay bills on behalf of your housemate, don’t take the fall for their inability to keep up with payments. If you’re no longer with an ex-partner but you had joint accounts, you can ask the three main credit reference agencies to break this link so that their financial situation doesn’t affect yours.

Use ‘soft searches’ for new credit

Applying for credit means a lender will perform a ‘hard credit search’ to check your eligibility. Every time this happens it leaves a footprint on your credit file which is visible to other lenders. It’s worth asking lenders to perform a ‘soft search’ so that it doesn’t make an impact every time someone checks your credit.

Car leasing credit score

In order to lease a car, you'll need a good credit score and the lessor will most likely run a credit check against you. If you’re wondering ‘can car leasing improve my credit score?’ Just like any monthly payment such as car insurance and a mobile phone contract, car leasing can help you build your credit score by proving you are able to make regular payments on time.

Driven Leasing is a leasing broker offering new cars and vans, providing a simple and convenient way to drive a car you love. Get in touch with our team for more information.

Vanaways Reviews

   
Charlie B

Charlie B

28 May 2025

"I recently bought a new Ranger Platinum from Vanaways. I dealt with Chris Baxter who helped make the whole process really straight forward and kept me up to date. I would highly recommend and look forward to further business! Many thanks"

David Kenning

David Kenning

16 June 2025

"Great service right from the first contact with Reece, who then passed me onto Ash once initial sale was completed. From making payment delivery was approximately 3 days. Received text from Nathan this morning (16th June) and he was on time with delivery. Really pleased with the service I've received. Many thanks!"

Gary Catley

Gary Catley

16 June 2025

"I've been using Vanaways for a few years now for all my company vehicles. gabby and Ji was have been very helpful and makes the whole process stress free. Highly recommend"

Paul

Paul

29 April 2025

"Overall dealings were good. Broadly speaking, response to emails could've been more timely. Joe, Snr Cust Service advisor in particular, was very good indeed. Sorted out the paperwork issues promptly. Overall, would recommend."

Mark Carter

Mark Carter

01 April 2025

"First class service, I must mention Adrian & Ash on an excellent deal & swift turn around under the short notice I had to buying a new van. Slight delay in the delivery of the van from manufacturers end but Adrian agreed to cover the cost of a hire van until my new van was delivered which allowed me to continue working. its the first time i've purchased a van without physically entering a dealership and i wouldn't hesitate to do it again."

4.9 out of 5 from 456 reviews
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