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Credit Monitoring

Steps To Improve Your Credit Score

Your credit score is a number that helps credit providers to work out how safe you are to give a loan. It’s based on information in your credit report, such as your history of borrowing and whether you’ve made your repayments on time. If you have a low credit score, you may be seen as a higher risk and some creditors may be reluctant to give you a loan or they may charge you a higher interest rate compared to someone with a good credit score.

How We Help You Improve Your Credit Score?

Some Strategies That We Employ To Help You Build Your Credit Score Include:

Pay existing loans and debts

A record of consistent and punctual payments can contribute to a stronger credit score. Since the introduction of comprehensive or ‘positive’ credit reporting, positive data (such as making loan repayments on time) can now be included on credit reports. On the flipside, if you miss your repayments this can also be recorded and can have a negative impact. We help you to effectively manage your loans in order for you to build your credit score in the future.

Pay off credit cards you have

You might have fully maxed out your credit cards and now caught in debt cycle. You have reached a point where you can’t reduce the balance on your cards.

We provide a free, independent and confidential service which helps you develop a sustainable family budget and negotiate with your creditors for reduced interest rates. With reduced interest rates, your focus will lie on the speedy repayment of the credit card capital balance.

It is easy to build up debt on a credit card, which could incur a high rate of interest, and your score may be negatively affected if you miss your repayments or if you cannot reduce the balance.

Remember that you don’t need to have a credit card to establish a credit history