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Credit repair in the UK

Credit repair in the UK

Credit repair in the UK is the process of trying to repair your credit score and history so as to improve your affordability to different financial products.

Why you need credit repair?

You may need a credit repair if your credit score has been ruined by the following

Missed repayments
Credit defaults
County court judgements
Debt management plans
Individual voluntary agreements
Home repossessions
Bankruptcies

Bad credit could essentially make you ineligible for a lot of credit products and even jobs or renting an apartment. So for these reasons having good credit is essential and if you have bad credit you should consider credit repair.

If you have been affected before then your credit score and history may have been damaged and may need to be repaired.

Do you need credit repair services in the UK?

Credit repair services in the UK offer solutions to help you repair your credit but in reality, most of the things you need tobuild credit can be done by yourself and you do not need any firm to help you build credit in the UK.

Before beginning any credit repair service or starting a credit repair by yourself you will usually want to see what is on your credit file to determine if there are any errors first.

If there are errors on your credit file you can simply contact the credit bureau to report these errors and request that they make the necessary changes.

Once you have identified the errors on your credit file and made arrangements for them to be rectified you can the begin to follow the different steps in our build credit guide to building credit.

Every step for repairing credit in the UK can be done by you and you do not need any third-party service to help you repair your credit.

No credit repair company in the UK can magically remove any negative marks on your credit file so beware of companies which promise this.

Free alternatives to credit repair companies in the UK

Citizens Advice Bureau – https://www.citizensadvice.org.uk/

Consumer Credit Counselling Service – http://www.stepchange.org/

National Debt line – https://www.nationaldebtline.org/

Money Advice Service - https://www.moneyadviceservice.org.uk/en

How can I raise my credit score in 30 days?

There is no guaranteed solution to this as the changes you make may not take effect or be seen within 30days and it is hard to say how they may affect your credit scores with the different bureaus.

How can I fix my credit score fast UK?

There is no guarantee that you can fix your credit score fast as the different credit bureaus may have different methods of accounting for any changes in your credit behaviour.

If you follow good credit guidelines then in due time your credit score should rise.

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