When you apply for any kind of loan or credit card you will be credit checked, and the credit check will be the main factor in the chance of approval by quite some margin. A common mistake is that often, people decide to check their credit either when they’ve just been denied lending, or when they start thinking about applying. By this point it’s too late, any changes to your credit rating can take up to 3 months to take effect from the point that you action your change, so it really does pay to keep on top of your credit rating all of the time – you never know when you might need lending.
The infographic below provides some do’s and don’t on how to keep your credit rating in tip top condition, and you can find more detail on improving your credit rating here.
