Good Finance will now show you how you can improve your credit rating so that it will be easier for you to get a loan, sign a lease or any other agreement. In practice, your creditworthiness is your disposable income minus your expenses, which form the basis for your ability to pay, as well as your financial history.
In the credit information history, the questioner sees how you have misused your previous credits, if you have payment remarks and if you have debts with the creditor, which definitely affects your credit rating. If you want to know more, read our credit rating article .
Be sure to avoid payment remarks
If you cannot pay for an invoice or a loan after several payment reminders, there is a risk that the debt will end up with debt collection and then with the petitioner. Some debts may even end up with the guardian directly, and that’s when you get a payment note.
Of course, you can’t avoid this if you really can’t afford to pay because you have become unemployed or sick, for example, but we will still give you some tips that can help you avoid payment remarks at other times.
- If you are going to spend a longer time abroad, such as the winter season in Florida, Spain or Thailand, you should write down what bills you have before you go so you don’t miss any. You should forward your mail to the address abroad but also contact all relevant creditors to see if they can send e-invoices to you instead, it is safer since e-invoices will never get lost in the mail.
- Don’t forget to communicate if you can’t pay for an invoice. If you have paid for your debt directly to the creditor and debt collection will contact you on the same invoice, you must tell us. If you have an unpaid invoice from a collection company and are unable to pay, you should also communicate with them, because sometimes you can get a generous payment plan. If you receive a repayment plan that you can manage, the debt does not have to end up with the chronicler and thus you do not have to make a note.
- If you have a creditor claiming money from you although the claim is incorrect, for example, if you have exercised the right of withdrawal in due time, but the creditor believes that this was not the case, you should dispute the invoice. This also applies if you have placed an order but have not received your product or received a scam invoice, ie an invoice for something you did not buy. If you are dealing with a scam invoice, you should also make a police report. First, you should dispute the invoice at the company and if they do not care and send the invoice to debt collection, you should continue to dispute it. You should not pay anything but wait until the debt has ended up with the chancellor, because then you can dispute the invoice there. And if you are right the thing is out of the world. Read more about it in our article on contesting invoice .
Avoid too many inquiries at UC
One factor that also affects your credit rating is how many previous inquiries you have regarding loans and other credits. If you have applied for lots of loans in the past year, every request will appear if you have made your applications with credit companies that take their credit information from UC.
It has a negative impact on your credit rating, especially if you have applied for many sms loans and other fast loans. However, you can avoid the visibility of UC if you apply for a loan without UC, ie loans you apply to from credit companies that make their inquiries with other credit reporting companies.
Have a co-applicant
If your ability to pay is not at the top, you can increase your chances of getting a private loan or mortgage if you have a co-applicant, eg your partner, then you / you also have the opportunity to get a larger loan.
Of course, this only applies if your partner also has a reasonable income. Of course, if your cohabitant has payment notes, you should not have cohabitants as co-applicants.