• Home
  • News
  • In-depth
  • Opinion
  • Energy
    • Wind
    • Marine
    • Solar
    • Biomass
    • Nuclear
    • CCS
    • Infrastructure
  • Policy
    • Politics
    • Legislation
    • Taxation
  • Management
    • Marketing
    • Risk
    • Skills
    • Incentives
    • Carbon Accounting
  • Technology
    • Waste
    • Recycling
    • R&D
    • Efficiency
    • IT
  • Investment
    • Carbon Trading
    • Offsets
    • Venture Capital
  • Net Zero Now
  • Events & Awards
  • Net Zero Festival
  • Industry Voice
  • Newsletters
  • Sign in
  •  
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
    • You are currently accessing BusinessGreen via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0) 1858 438800

      Email: [email protected]

      • Sign in
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
    • Facebook
    • YouTube
    • Instagram
  • Free Trial
  • Subscribe
  • Events & Awards
    • Upcoming events
      event logo
      BusinessGreen Technology & Investment Forum 2021

      Investors and sustainable tech firms are invited to sign up to BusinessGreen's Tech & Investment Forum to explore the investment opportunities offered by the UK's fast expanding green economy.

      • Date: 12 May 2021
      • Online Event
      event logo
      NZF Pathway - Nature 2021

      Net Zero Nature brings together global experts, business leaders, NGO’s and innovators to explore why protecting and restoring nature is fundamental to global economic prosperity, investigate the transformative changes businesses must make now to avoid extinction, and consider best practices and latest developments. Register now to secure your place for a unique day of learning, leadership and practical insight.

      • Date: 27 May 2021
      • Online Event
      event logo
      BusinessGreen Leaders Awards 2021

      From blue chips and start-ups to cutting edge clean tech providers and transforming incumbents, the Awards will honour the very best of UK green business, offering a unique opportunity for the environmental business community to join together to celebrate their many successes and collaborate on the next phase of the net zero transition.

      • Date: 22 Sep 2021
      • Virtual Event, Worldwide
      event logo
      Net Zero Festival 2021

      Net Zero Festival is the world's first business festival dedicated to exploring, advancing, and celebrating the global transition to a net zero emission economy. Join us at BusinessGreen's Net Zero Festival – for leaders who won't wait until 2050 to build a better business, and a better world.

      • Date: 29 Sep 2021
      • Worldwide
      View all events
  • Net Zero Festival
Business Green
Business Green
  • Home
  • News
  • In-depth
  • Opinion
  • Energy
  • Policy
  • Management
  • Technology
  • Investment
  • Net Zero Now
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
  • You are currently accessing BusinessGreen via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0) 1858 438800

    Email: [email protected]

    • Sign in
  • Hot topics
  • Hydrogen
  • Green jobs & skills
  • Net Zero Nature
  • Technology & Investment Forum
 

Sponsor content:

This content has been brought to you in association with our sponsors

  • Management

How to reverse negative effects on your credit report

  • Experian CreditExpert
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
0 Comments

A bad mark on your credit report can be damaging in many different ways. It can cause problems for you in many areas of your life, such as your ability to take out personal loans, including car loans and mortgages, and even applications for instalment plans, including mobile phone contracts and pay-monthly insurance policies. Whether you know you have negative items on your credit report or aren't sure, there are steps you can take to reverse them.

Checking your credit report

The first step to repairing your credit is to check your credit report. Click here to get your credit report. This allows you to see how lenders see your financial history. It also gives you the chance to correct any errors that might be on your credit report. Often people will find that a simple error is making a big impact on their overall credit score.

A routine check of your credit report can also be an important part of your annual accounting. It will allow you to be secure in the knowledge that no unexpected lines of credit are on there, and that your personal finances are reflected properly.

Fixing problems

If you do find that there are problems on your credit report, or that your credit score is not as high as you would like it to be, there are steps you can take. First off, contact credit agencies to correct any errors. This can help ensure that your report is accurate.

Second, make sure you are on the electoral roll. This will help support any identity checks that may be required. If you have changed address, make sure these are noted on your report. Something as simple as a name change, such as through marriage or divorce, can leave you with a less than ideal score unless you make the connection to your old name and your past credit history. If you have a financial association listed on your credit report that is no longer valid, contact credit agencies to have this removed.

Finally, give your finances an overhaul to begin the credit repair process. Your credit score is constantly changing as your credit behaviour changes. The longer you go with on-time payments and good credit activity, the better your score will be. If you have any defaults listed on your credit report, consider contacting those lenders to discuss payment plans or other ways to clear any bad debts.

Moving forward with good credit

Good credit takes work, both in earning it and in maintaining it. The important things to remember are to keep credit activity going and to never make a late payment. Simply staying away from any loan situation won't be beneficial to your overall score. This is because lenders will use your credit report to predict how you will handle future debts. If you don't have a history for them to use for this prediction, they'll assume the worst.

Of course, if your credit report shows the worst - taking out credit agreements and not paying them in line with your obligations - you will also end up with a low credit score. Making regular on time payments is key to maintaining a great credit score.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Management
  • Low Carbon Economy
blog comments powered by Disqus
Back to Top
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters
  • Facebook
  • YouTube
  • Instagram

Incisive Footer Logo

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading