Borrowing responsibly can help you improve your credit rating
Published 22 August 2017 by Ian Williams
Soon your Credit Facility will show on your credit history – find out why.
From this month, we’ll be letting the credit reference agency Experian know that you have a thinkmoney Current Account Plus Credit Facility.
This will show as a “revolving credit facility” on your credit report and will include your outstanding balance.
Although lenders’ and credit reference agencies’ policies vary, paying your bills on time and maintaining your borrowing commitments will usually be seen as a good thing if you apply for credit in future.
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