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Helping you improve your credit history
Published 15 July 2016 by Kyri Levendi
An upcoming change could help improve your credit history.
Later this year we are going to be bringing you a new, even better thinkmoney. One of the changes we’ll be making may help you improve your credit history.
As you know, we don’t credit check customers when you open your account with us, or during the normal operation of your Managed Current Account – and this will still be the case.
But, once our upgrade is complete, we’ll be reporting that you have an account with us to credit reference agencies each month. Your account will show on your credit history as a current account.
Lenders’ policies vary, but having an active current account showing on your credit history will generally help if you apply for credit in future.
We’ll be in touch nearer the time to let you know when the new arrangements will start.