We can provide finance for people who have had difficulties obtaining credit in the past,
if we can’t approve you, we don’t think anyone can!

Tips for Improving Your Credit Rating

Posted on 23/12/2014

The credit score that you have can impact all parts of your life. From getting a job, to getting a home or car, your “number” can, in many cases, determine your fate in certain situations. The good news is that there are some steps you can take to help and increase your credit score, to help remove the limitations that are present.

Obtain Copies of Your Credit Report
It is important that you get a copy of your credit report and that you review the information to be certain that it is all correct. If there is any information on the report that is not correct, you should contact the credit agency to correct the issues.

Pay all Your Bills on Time
When it comes to improving your credit score, one of the most important things that you can do is pay all of your bills on time. To help with this, consider setting up automatic payments from your financial account to ensure that payments are made when they are due.

Learn How Your Credit Score is Calculated
The credit score that you have received, is typically determined by the answers to the following questions:

  • Whether or not you pay your bills in a timely manner.
  • How much outstanding debt you currently have.
  • The length of time you have had credit.
  • Whether or not you have recently applied for a new line of credit.
  • The types of active credit accounts that you have

Learn what Legal Steps You have to Improve Your Credit

There are legal and illegal ways to improve your credit. In order to ensure you actually improve your score, you should find out the legal actions that are available.
When you improve your credit rating, you will have many more opportunities open to you.

Registered with Information Commissioners Office ICO Registration Number: ZA132327

UK Car Finance Limited. Registered in England
Registered number 9397657.
Registered Office Lakeside House, 30 Northumbrian Way, Newcastle Upon Tyne, NE12 6EH

Refused Car Finance is a trading style of UK Car Finance Limited and is acting as a licensed credit broker and a lender, we are authorised and regulated by the Financial Conduct Authority, registration number 714966. All finance is subject to status and income. Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.

Written quotations on request. Certain exclusions for NI residents.

Note: We cannot be held responsible for specification errors, and price errors, we use Motortrade software which is not always 100% accurate. Copyright 2017 Refused Car Finance.

Refused Car Finance can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions.

*Representative Example
Cash price – £8,500.00, Deposit – £0.00, Amount of credit – £8,500.00, Rate of interest – 16.24% per annum, Amount of interest – £6,912.00, Lender Documentation fee – £0.00, Lenders option to purchase fee – £10.00, Total charge for credit – £6922.00, First repayment – £256.70, Followed by 58 Monthly repayments of – £256.70, Final repayment – £266.70, Total amount payable – £15,412.00, Representative APR – 29.9%

*Last month, over 51% of Refused Car Finance customers that had their loan arranged were offered an APR of 29.9% or lower

In the first 3 months of this year, UK Car Finance Ltd received 2140 unique applications, of which we were able to offer 2136 applicants a line of credit, subject to the applicant being able to provide acceptable proof of affordability, being free from insolvency and or/a supporting guarantor fitting the lenders eligibility criteria, this represented 99.8% of applicants in this period.

Rated No.1 for car finance in the North East of England collated from Google Business Reviews

Refused Car Finance Reviews

4.90 Average

89 Reviews

sorted me out with a great car finance deal despite my poor credit history, I recommend them

Jacob was friendly, Enthusiastic and knowledgeable, found me a great deal on my finance considering my low credit rating !!! Many thanks !!!

Excellent communication and the rep Dan kept me informed of all updates and rang me on time he said excellent all round service