So, youve established the reasons for your poor credit rating. Now how can you go about fixing the problem?
Correcting Any Mistakes
If you disagree with the facts that the credit reference agency has on your file, you can dispute them. If the information is inaccurate, your record can be amended. The agency cant change things just because you arent happy about it.
Re-applying
Be wary of making too many applications if youve been recently turned down for credit every refusal will show on your record and count as another black mark against you. A better approach is to re-assess your finances, make a plan to tackle your debts, and apply again in a few months time.
Credit Repair Companies
There are companies who claim to be able to remove information from your credit file. Other than correcting inaccurate information, which you can do yourself, this not possible.
Debt Solutions
There are plenty of organisations to help you get a handle on your finances and manage debts. If the problem is out of hand, borrowing more money is not likely to be the best solution. You need to take advice from an independent, trustworthy source,...
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