Five Simple Ways to Boost Your Credit Score

At First Rate Credit Union, we know how important a good credit score is. Whether you’re applying for a loan, buying a car, or just planning ahead, your credit score can make a big difference. The good news? It’s absolutely something you can improve — and we’re here to help.

1. Register on the Electoral Roll

Start with the basics. Make sure you’re registered on the electoral roll at your current address. Lenders use this to confirm your identity, and being on it shows stability. It’s quick and easy to do at gov.uk/register-to-vote.

2. Keep Your Credit Utilisation Low

Try to use less than 30% of your available credit. So, if your card limit is £1,000, aim to stay under £300. Keeping your credit use low shows lenders that you can manage money sensibly — a big plus for your score.

3. Always Pay on Time

This one’s key. Missed or late payments can seriously hurt your score. Setting up direct debits or reminders will help make sure your payments always go out on time. Consistency builds trust — and your credit score reflects that.

4. Check Your Credit Report Regularly

You can check your credit report for free through Experian, Equifax, or TransUnion. Review it regularly to make sure everything’s accurate — and report any errors straight away. Keeping an eye on your report helps protect your score and gives you a clear picture of your progress.

5. Build Your Credit History

If you’re just starting out or rebuilding your credit, it’s important to show lenders you can manage borrowing well. A great way to do this is with a Credit Builder Loan from First Rate Credit Union.
You borrow a small amount that’s held in a savings account while you make affordable monthly repayments. Each payment is reported to credit agencies, helping you strengthen your credit record — and at the end of the term, the money (plus any dividend earned) is yours. It’s a simple, safe way to build both your credit and your savings.

Improving your credit score doesn’t have to be stressful. With steady habits — and support from your credit union — you can take control of your financial future.

Ready to start building your credit?
Apply for a Credit Builder Loan with First Rate Credit Union and take the first step towards a stronger credit score today.