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Evolution Money
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How Can I Improve My Credit Rating FAQ

How Can I Improve My Credit Rating?

Secured Loans > Our Loans > Bad Credit Loans > How can I improve my credit rating

How can I improve my credit rating?

You could improve your credit rating in a number of ways. One is to pay off loans on time and in full.

Improving your credit rating is about showing good financial habits. Use your credit card but pay the balance on time – along with all your other bills.

Register on the electoral roll and close any unused credit cards and other accounts. Also, be mindful that any new accounts you open may affect your credit rating.

  • Make loan repayments on time and in full
  • Use your credit card but pay the balance on time – along with all your other bills
  • Register on the electoral roll
  • Close unused credit cards and other acccounts

Making your agreed loan repayments on time and in full each month can be one of the most effective ways to improve your credit rating. If you are struggling with multiple monthly loan repayments, you may wish to consider whether a debt consolidation loan could help you better manage your payments.

Register on the electoral roll – this helps lenders verify your address. Closing unused credit cards and other accounts could also help to improve your credit rating; this will reduce the amount of credit you have access to. While you may not owe money to these old accounts, in the eyes of prospective lenders, there is the potential to borrow more money.

However, bear in mind taking out any new loan may also affect your credit rating (though the effect may only be temporary).

Warning: Late payment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

How our customers rate us

We’re proud of the high standard of our customer service and believe that each of our customers should be treated as an individual.
Evolution Money 96 out of 100, based on 178 reviews over the past year. 178 user reviews. Read our reviews

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FLA logoWe are a member of the FLA (Finance and Leasing Association) and subscribe to its lending code.

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Our Address

Evolution Money,
9 Portland Street,
Manchester,
M1 3BE


Registered Company Number: 06987852

Contact by Phone

General Enquiries:
0161 814 9158

Complaints:
0161 814 9165

Contact by Email

Evolution Money Limited is a licensed credit broker and service provider to Evolution Lending Limited. If your application doesn’t meet the underwriting requirements of Evolution Lending Limited we may pass your information to other lenders and brokers. Evolution Money Limited is a company registered in England & Wales, registration number 06987852 and registered at 9 Portland Street, Manchester, M1 3BE. Authorised and regulated by the Financial Conduct Authority, firm reference number 708324.


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Evolution Money are a multi Award Winning UK finance company with thousands of happy customers!

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Our friendly loan advisors can let you know if you're eligible for a loan without affecting your credit score. Why not give us a call today!

Freephone 0800 144 8188

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