Increasing credit score

[Tensun15]

Has anyone had experience of going from a poor to good credit score???

What did you do to better your score and how long did it take?

Advice would be greatly appreciated xxx

Be careful. My bank told me to reduce the credit limit on my cards as it looked like I had too much potential unsecured debt available. I followed the advice and my score is now worse. Turns out that this is because a bigger percentage of the overall 'available ' money is used. Best thing is to pay off debt as quickly as possible.

I'm nearly back up to good after falling down to poor! This is what I've been doing.
Set up direct debits to your credit cards and pay more than the minimum payments, even £10 more than the minimum.
Aswell as adding extra payments each month, again £10 is fine, it just shows you are paying off your debts faster.

Ideally you only want to have 25% spent on credit cards, max 50% (I'm not here yet but getting there)

If they aren't already transfer the debts to a 0% card so you are only paying off debt and no interest. (Martin Lewis website can do comparisons for cards and likely good for approval)

Oh and also stop spending on the cards and just keep lowering them.

Make a list of all your essential monthly outgoings and then what you have left over put some to pay off credit card and some savings. (I personally like to have actual money in the bank rather than paying off a 0% credit card faster as there is no benefit, plus allows me to use that money for things rather than put it on credit cards)
However don't keep dipping in and out of the savings account if possible, just for bigger purchase

That's good advice. If only I hadn't listened to the pathetic young woman at Santander! The percentage would have been lower of the overall credit I had available to me.
Work out which cc is the most expensive and pay that off first.

I have signed up to clear score & is it Karma or something. I can see exactly what my profile is like.. god it's poor!!

I wish I could do a balance transfer to a 0% credit card with my card but don't qualify for any just yet.

I have just got a better current account as I have had a basic one for years.

All this advice is great ... keep telling me more xxx

What are the reasons for your poor score in the first place, OP? Have you defaulted on payments?

Tensun15
What do you mean it's Karma or something?
Clearscore is quite good at letting you see your score over several months/years.

@cjloveske Credit Karma is the name of the other free credit score company I have signed up to

Ahh, I see! Thank you for explaining.

OP have you looked at the money advice website? It's very good.