Your credit score is your license to spend. A bad credit score can take away your ability to spend money on the things that you want. You could find yourself rejected when trying to buy or rent property, purchasing a car on finance and even when trying to take out a phone contract. Worse still, some employers are now running credit checks – which could mean losing out on a job offer. Many things can lead to a poor credit score. If you’re eager to improve your credit rating, here are 7 ways to overcome a bad credit score. Establish a credit history Many young people get rejected the first time they have a credit check, not because their credit score is bad, but because they don’t have a credit score. To obtain a credit score, you need to establish a credit history. If you’ve never had to pay bills before, you won’t have a credit history and therefore won’t have a credit score. Some creditors will still take you on even if you don’t have a credit score (e.g. phone contractors, streaming services). However, the likes of loan companies and mortgage lenders are unlikely to trust you without some form… View Post
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