Published On: Thu, Jul 30th, 2020

Consumer credit eligibility rallies as approval rates rise – how to take advantage of this | Personal Finance | Finance

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“The market is changing daily and so is consumer eligibility.

“By building their credit score, consumers can put themselves in the best position to take advantage when lenders review their eligibility criteria.”

To help people further, Experian went on to provide tips on how to boost a credit score:

The first being something that many people may not realise impacts their rating:

Register to vote

“As well as enabling you to have your say at the ballot box, registering to vote unlocks several additional benefits.

“Firms can use the information to quickly and easily confirm your identity, but it can also almost instantly add points to your credit score, because electoral roll registration is seen as a sign of reliability and stability.”

The next tip concerns an unfortunate reality, that one of the easiest traps to fall into could have a disastrous impact:

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