Building a good credit record

Having a good credit record makes it more likely that a company will lend you money.  It will also help you to get credit again in future (as long as you can afford it!)

If you want to build and maintain a good credit record, it’s important to use credit in the right way. For example, only borrowing what you can afford, making all your payments on time and paying off your accounts quickly will help you to build a good credit record. 

Some credit bureaux, like TransUnion or Experian allow you one free credit report per year.  So instead of waiting until you’ve applied for credit to find out that you have a bad credit record, apply for a free credit check!

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