moneybasics UK : Borrowing Money : Am I Creditworthy? : Getting And Keeping Good

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It is important to keep a good history as this information is kept on file and is retrieved each time you apply for credit or enter a contract with monthly payments e.g. mobile phone contract. A good credit history essentially means that you are a low risk individual to lend money to and more likely to be successful in acquiring credit history.

Practical tips on keeping a good credit history

Never borrow money that you know you will struggle to re-pay
Always keep to the arrangements you have signed up to
Always pay at least the minimum payments required on your cards
Do not constantly apply for credit and not take it up
If your circumstances change for the worse let your creditors know immediately

Further information

You can check your credit record with one of the following three credit reference agencies:

Experian – www.experian.co.uk - You can order your statutory £2 credit report online, by phone, or in writing. Click here for details.
Equifax – www.equifax.co.uk - You can order your statutory £2 credit report online, or in writing. Click here for details.
Call Credit – www.callcredit.co.uk - You can request a copy of your statutory £2 credit report by post. Click here for details.

These agencies provide a range of credit reporting and monitoring services – check their websites for further details of these services and costs.