Credit Repair

If you have poor credit, you are certainly not alone - almost 40% of the UK population have adverse credit or CCJ's on their credit record. Bad credit costs money in the long term, the lenders with the lowest rates usually only accept people with clean credit records. Therefore borrowing when you have bad credit costs money so it is your best interest to try to repair your credit rating. There are companies who specialise in credit repair and these can be a handy option, however there are certain things you can do to repair your own credit record.


The first step is to see exactly what is on your credit record. There are three major credit reference agencies in the UK, CallCredit, Experian and Equifax and it is the information that they hold on you which determines whether or not you can get credit. It is not uncommon however for mistakes to appear on your credit record, the credit reference agency may even have linked you financially to someone else.


There are two useful online services which allow you to check and monitor your credit record online - the first checkmyfile.com allows you to monitor the information that all 3 services hold on you, whilst CreditExpert from Experian allows you to monitor your credit record online and alerts you if anything changes

Debt Consolidation If you have existing debts, debt consolidation is an option you may wish to consider. Not only will it reduce your monthly payments and make your money go further, but by settling existing debts and maintaining just one monthly payment will help to repair your credit too. The debt consolidation centre can help you to reduce your monthly outgoings, and will consider all circumstances, ever poor credit and CCJs. Applying is simple, fill out the online form and DCA will find the best lender for your circumstances Apply online for a debt consolidation loan