• Did you know it was possible to improve your credit score without actually having much funds available in your personal bank account?
• It is even possible to obtain a good credit score after having a bad credit rating, when living in and out of a personal overdraft!

To increase your credit score or improve your credit rating you need to pay any credit account you have on time and make sure your payments are for the correct amount. It does not matter how much money you have in your bank account. It is as simple as that, if you are struggling with credit accounts get rid of them where possible.

 Start a fresh and gain control on a monthly or weekly basis!

Car finance and all other types of credit agreements are listed on your credit report so it is important too keep up with all agreements not just the ones that are important to you.

Most people suffer from a bad credit score due to not being able to keep up with regular monthly repayments, some months they encounter extra unexpected living costs, such as motor breakdowns and domestic appliance problems.

• These tend to need immediate attention which costs and these costs are what tend to set the individual back.

When payments are then missed for credit accounts, the credit companies are duty bound to update the credit reference agencies monthly such as Experian and Equifax.  These credit reference agencies keep your credit file up to date so that when you apply for any borrowings or credit, the lender you are applying too has the right with your permission to search your credit file for any information they may require to either approve, or decline your application.

• When an application for credit is refused or turned down, the lender is under no obligation to tell you why.  This can often offend people but the policy not to disclose the reason for decline is normal practice within the credit industry.

If you have never seen a copy of your credit report, it can at first take time to understand.  Once you have seen it you will feel more comfortable looking at it next time you need to, and so on.  It is important to keep a check on your credit report as this can inform you of any searches that have been made in your name without your awareness.

Credit Expert from Experian is the most well know of the credit reference agencies that allow you to view your credit report online.  They offer a free 30 day trial.  This is a trading name or brand of a company called Experian who advertise on Television, you may have seen the credit expert TV adverts.

Lenders use different parts of your credit report to assess if they are able to lend to you, this differs from lender to lender.  If you make multiple applications for credit and get refused within a short period of time, say one day to a week or even within one month, you can reduce your credit score that way, so be careful when applying for credit.

Prospective lenders do not like to see many refused applications for credit within your file over a short period of time, it can show that you are desperate to obtain the credit and this can worry a lender.

If you need advice regarding clearing personal debts after suffering a bad credit history, you can call our free debt helpline 24 hours a day in total confidence using 0800 018 6868.

We are specialists in personal debt management consultancy and help many people every day to clear and consolidate personal debt problems. 

• Personal Debt Consultants at Lewis Alexander will not charge you for advice!

If you are suffering from excessive charges and interest rates that are being applied to your credit agreements then you should take advice from a personal debt consultant sooner rather than later.

• Do not stick your head in the sand like an Ostrich, get professional advice from trained personal debt consultants.

Your creditors will be sympathetic to the problem you find yourself with and you should approach them with details of changes in your circumstances or with reason for the lack of your ability to repay.

When credit and debt becomes a problem, it can seem as though you are the only one suffering, this is not the case, if we all could see inside other peoples wallets, we may find a lot of other people in the UK are currently suffering from the same financial problems.

Personal debt consultants can help by advising the best solution to take with advice tailored to your personal situation.

Some people just carry on day after day hoping that the problem will go away, unfortunately it does not and often it will get larger over time if not dealt with. 

You must accept that you are not alone and personal debt consultants can help you, they are specialists in what they do and even though all of us are different, the problems we face financially tend to be the same.

If you would like to speak with a trained personal debt consultant in total confidence today, then please call our free debt helpline using 0800 018 6868, lines are open 24 hours, 7 days.

The “credit crunch” has obviously been the contributing factor of changes in circumstance for most people within the UK over the last 18 months.  Many people will just carry on and find new or alternative employment where for others, it is much harder to do so.

This can be down to several factors such as age, ability, health, stress, depression, location etc.

Most calls received by Lewis Alexander on their free debt helpline are from people who have recently suffered a change in circumstance and need initial advice on how to deal with personal debt based on the change they personally have suffered.

• The main advice to take on board is that all priority debts such as Rent, Mortgages (including secured home loans), Council Tax, Electricity, Gas and Water are paid, or at least the companies are contacted by the individual to make new and possibly reduced payment arrangements for the short term future!
• Many credit companies and lenders will not offer this advice freely to the debtor and they put extra pressure on the situation that legally need not be there. Due to the way priority debts are structured under the consumer credit act, consumers must honour these first!

For more detailed advice regarding a change in personal circumstance, please conatact one of our trained debt advisors today in total confidence.  Our lines are open and your call is FREE, call 0800 018 6868