If you don’t have much of a credit profile yet here are some tips to help you build a credit rating the right way. Remember building a good credit profile from scratch is easier than improving a poor credit rating, so manage your spending closely.

  • Join the electoral roll https://www.gov.uk/contact-electoral-registration-office

  • Apply for a credit card and keep the balance low or paid off each month

  • Pay bills on time, every time to show you are reliable and responsible

  • Keep old bank accounts open to build up your credit history

  • Monitor your credit score for free

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