What gives you a bad credit score?

The main thing that can lower your credit score is when your credit report shows you’ve missed or made late repayments on loans and credit cards. Your credit score could also be low if you’ve only ever made the minimum repayments on your credit card.

But a low credit score can be caused by other things too. Things that don’t even seem like anything to do with your finances. A very common reason might be if your name’s not on the Electoral Register – because lenders favour people who’ve been registered at an address for a few years. This is something you can sort out by registering to vote.

If you’ve ever filed for bankruptcy against your name, or you’ve been issued a County Court Judgement, these things can lower your credit score.

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