How do you improve your credit score

[Praisebe]

Me and DP are both 25 and are currently trying to get a bank loan for some some home improvements instead of having to wait and save the money each month
We wanted to borrow £10,000 over 3ish yrs and pay it back at £300 a month. We've never had any credit card or loans or store cards etc before.
So fastfoward we applied for the loan and according to the initial process we we're eligible they were happy with our earnings etc but 3 days on and they have rejected the application on grounds we only have a "fair" credit score of 723 and 711 respectively so we are wondering how we boost this score when they won't lend us money in the 1st place to prove we are good clients and good at paying things back is there something we are missing ??

Some of my clients live in HA houses like yours so I get the point about making it nice.
No worries.

Best way to ramp up your score is to have unused spending capacity.
And the best way to do that is to have a credit card that you use every month but pay off in full every month.
THat way all of their files have proof that you have spare cash

Try to get a 0% interest one, money saving expert can show you the best deal.
Then spend £300 per month doing up your house and repaying in full. Shop around as 10k is alot to spend on carpets and furniture.
That way you will have a nicer house and worked on your credit history at the same time.
It wont be as instant as a loan but you will save a lot in interest.

Interest rate is utterly irrelevant if you repay every month.
I think mine is 22%
but I've paid nothing in years - despite having a limit of over £10,000

Set up a standing order from your current account so it’s automatically paid in full each month.
Direct debit, not a standing order