How to repair you credit
First step should to find out your full credit file through a credit reference agency. If you have been refused credit – ask the lender for the name and address of the credit agency they used.
How does the credit scoring work?
You could be awarded points on the following factors.
Age – fewer points for the older you are.
Occupation – part time hours could affect your score.
Home owner – do you own your own home?
Previous credit agreements that you have defaulted on.
The credit check will also bring up if you have abnormal amount of credit checks done in the past.
Please remember that most companies only use your credit score as a guide. Many look at your application individually. Many companies have different methods of estimating your ability to make the repayments. So you could turned down by one but be successful with another.
Take you time to go through these credit repair steps. Hopefully they will help you gain credit in the future.