News Article

Borrowing responsibly can help you improve your credit rating

Published 22 August 2017 by

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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How to rebuild your credit score

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What is a good credit score in the UK?

 

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