Two foolproof ways to improve your credit score
1. Pay off any defaults
As you’d expect, the most immediate thing you should do to improve your credit score is to pay any outstanding defaults (unpaid loans). The fact that you have previously defaulted will still impact your credit score in the future. However, people who pay off their defaults will have a better score than those who just leave them under their name for long periods of time.
2. Pay on time
Almost all late payments will have an impact on your credit score, so make more of an effort to pay all your bills before the due date.
I’ve never had bad debt or made late payments?
This is only applicable to people without bad debt or a history of late payments.
If you have a low credit score because you haven’t applied for much credit in the past, you can try putting some services under your name (for example, energy or phone bills) or taking out a small loan. This may have a good impact on your credit score if you consistently meet your payments on time.