Are you having difficulty getting car finance? –  it might be because you have a poor credit score.


Here at My Car Credit we are able to consider any application, no matter how bad your credit history may be …. and get you an instant online decision.


The better your credit rating is, the more likely you are to be offered lower interest rates resulting in cheaper repayments each month – therefore,  it’s definitely worth aiming for an improved credit rating!



My Car Credit offer 10 tips to help you do just that:


1. Make sure you are on the electoral roll – Lenders check this to protect themselves against fraud and to check you are who you say you are. You can find out how to register by visiting


2. Cancel any out of date credit cards – Many people switch cards regularly but forget to cancel old agreements if they no longer use the card. These lines of credit will still appear on your credit file and can make lenders wary about the size of your debt – some may fear that you will ‘max out’ these cards and then struggle to make repayments.


3. Make sure you apply truthfully – Make sure that the information you provide on applications is accurate and truthful. Inconsistencies can have a negative effect on your credit score and could be considered fraudulent.


4. Don’t over apply! – Too many applications, especially in a short space of time, can have a negative effect on your future score. This is a catch–22 as if you get rejected, or the rate you are offered is poor, you’ll want to keep applying to see if you can get a better deal, but at the same time your chances of being accepted will start reducing.


5. Use a credit card to (re)build a history – Lenders want to see that you have a reputation of managing credit sensibly. Those with little credit history, even if none is bad, are often rejected because they’re difficult to predict. If you don’t have a (good) credit history, build one. The easy way is with any credit card – just spend £50–ish a month on it – ensuring you repay IN FULL each month so that there’s no cost (preferably by direct debit).


6. Never miss or be late with any credit repayments – Repay all debts by direct debit even if only for the minimum – then pay manually on top each month. That way you guarantee that you’ll never be late with basic payments, but retain the flexibility to pay more to clear debts quicker.

7. Settle any old debts – If you have defaulted on credit or had a county court judgement (CCJ) against you, it will be recorded on your credit file. Even once settled, some lenders may restrict who they lend to if the CCJ has been given within the last 12 months. Therefore, it is important that, as soon as the status becomes settles, you ensure that your lenders inform the credit reference agencies and your credit report is updated accordingly.

8. Look carefully at the small print – Make sure that you look at all the information on your credit file to ensure it accurately reflects your current circumstances. Keep a watchful eye for any errors or evidence of any charges caused by identity theft or fraud.

9. Check if you are linked to another person – having a spouse, friend or family member’s credit rating linked to yours through a joint account, could affect your personal rating if they have a poor score.

10. Include additional information – Where necessary, provide further information regarding any previous credit problems. If such problems were following redundancy, divorce and your financial situation has improved since, you can add a note explaining this. Likewise if you have been a victim of identity fraud in the past.




We hope this has given you a good insight into how to improve your credit score, you may also be interested in visiting our related articles:


‘How to check if you can get finance for a car without affecting your credit score’ 


How to check your credit score’



If you require further advice, please do not hesitate to contact one of our friendly Car Credit Specialists on 01246 458810 who will be more than happy to help and guide you the whole way through your car buying journey!