Five easy ways to improve your credit score

1.    Ensure you’re on the electoral register. Lenders use it to help fight identity fraud by confirming a person is who they say they are – and resides at that address

2.    Pay bills on time every month – a good credit score is built up over time and this shows lenders that you are reliable

3.    If you notice anything on your credit report that could be incorrect or think you might be the victim of identity fraud – i.e. someone else has applied for credit in your name – contact the credit reference agency immediately to get this resolved

4.    Avoid keeping a high balance on credit cards. Lenders view it as excessive debt and will be concerned about your ability to repay

5.    Do not apply for products you do not need. Applying for more than four types of credit in a year can lower your credit score

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