My Credit Rating
There are many factors and influences that can impact your credit rating. While there are some that cannot be helped, the experts at Clean Credit know many strategies to maximise your credit score.
If the problem is a large number of credit enquiries being recorded on your credit file, the only real cure is time. An enquiry will be recorded for five years, however the relevance of the enquiry from a credit provider’s point of view will diminish over time. In other words, listings made 12 months ago would be seen as less relevant as ones made more recently. If you find yourself not being able to secure credit due to a high volume of credit enquiries, the only thing that you can really do is stop making applications and wait for a period of time for the listings to become historic.
Negative listings such as defaults and judgements are a completely different story. Such listings are almost certainly going to cause real problems when trying to secure credit and will have catastrophic effects on a credit score. In today’s tight credit markets, even a small negative listing such as a missed payment to your phone carrier is enough to stop you in your tracks.