To access any type of credit including trying to rent or buy a home you need to make sure that you keep your credit rating in the best possible condition, to do this there are some vital things you will need to do.
Check out your current credit rating on Experian, they will be able to give you an up to date report. Once you have this report you will be able to work on improving your credit rating.
They have various suggestions on how you can improve your credit rating. First of all make sure that you get onto the Electoral register, this is proof that you are residing in the UK. It might sound strange but if you don’t have a bank account with a credit facility or have never had any credit then it will be difficult for lenders to know if you can keep within your credit limits. Lenders like to see some form of credits, even mobile contracts and store cards paid on time will help. Space out credit applications, if you take out too many credit contracts, i.e more than one every few months, this might suggest to a lender that you are too reliant on finance. Never draw out cash from a credit card even if you have lost your cash card. For further advice please visit their websitewww.experian.co.uk/consumer/improve-credit-score.html.
If you are looking to rent a property you will need references, especially if you are currently renting, so make sure you always pay your rent on time to ensure you don’t get penalised.