If you have a bad credit score, it can be more difficult to get anything done in terms of finding life insurance, doing a re-mortgage, or getting a mortgage in the first place. That’s why it’s important to locate some good mortgage advice in terms of cleaning up your bad credit score.
Credit Files
The most important first step is to find credit files that are held on you so you can get a full credit report that shows you what loan institutions are going to see when they consider your loan. There are a number of free places online you can go where you can get your credit score and credit files sent to you for free.
Cleaning Tips
After that, it’s important to clean up your credit score as quickly as humanly possible. One thing that can really help is setup payment reminders. The more you pay your credit bills on time, the more your credit score will improve. Even little improvements like this can go a long way.
Many credit card companies will allow you to setup reminders that will send emails to your inbox every time you have some bill that’s coming due soon. You don’t want to simply forget about this because it’s important.
Reduce Debt Quickly
One of the biggest factors is how much credit debt you currently have. It’s important to reduce this as much as possible as quickly as you can, especially on credit cards and other places where you will accrue interest that will get you even deeper in debt, kill your credit score even more, and make it even harder to get out of debt or to get things like mortgages that could go a long way to reducing the amount of stress you’re under and the amount of bad credit scores you accrue.
Don’t worry as much about moving debt around from one credit card to another, you need to actually pay it off.
If you need more info please visit us @ www.mortgageadviceservices.co.uk or call us on telephone number 01332 257 087 for a free quote today.
Labels: independent mortgage advisers, life assurance, mortgages, the re-mortgage process