Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr When you struggle with your finances there is a multitude of consequences one of which is struggling when applying for loans such as a mortgage on a home or a short term loan in case of a financial emergency. However, with a number of short term loans bad credit for those that do find themselves in a financial emergency, the funding can be found if desperately needed. However, with a positive credit score, you are likely to be accepted much faster, specifically when applying for a mortgage on a home. Check For Mistakes Improving your credit score can seem a challenging task however one of the most simple options is to look for any inaccuracies within the documentation. If your date of birth or address is wrong you then run the risk of having a negative credit score that is linked to someone else. If this is the case you need to dispute this and have it rectified. It is important that this is done as quickly as possible as any inaccuracy linked to a negative account can impact the credit score. This, as a result, can have a large impact on any financial opportunities you decide to take in the future. Make Prompt Payments Another way that you can improve your credit score this year is to ensure that your payments are as prompt as possible. This will help to maintain a positive credit score or even improve it depending on the number of payments that you are making. If the payments are paid off quickly then you can budget accordingly with your remaining budget. If the payment is left this can then make your credit score worse as you are seen as untrustworthy. Pay Of Debt As Quick As Possible A large number of people in the UK are known for having debt or have had a debt in the past. This is problematic for your credit score and can have a negative effect if not monitored. By paying off your debt as quickly as possible you can improve your bad credit score. Though this is a slow process, this is one of the long-lasting solutions to improve your credit score. Once the debt has then been paid off it is key to only borrow money in a financial emergency, this will prevent the debt from piling up and will help to keep your credit score in the green. Why Is It Important? It is important to improve your credit score as this can affect your ability to apply for loans and mortgages in the future. If you are looking to buy a house or are looking to opt for a finance plan for a brand new car, this poor credit score will appear and can put a halt to the proceedings. By keeping this credit score in the green you are showing a positive representation of yourself and your ability to hold money thus helping you to have more success when applying for loans in the future. Whatever option you choose to help boost your credit score and make the most of your finances you can be sure that you will have a long-lasting positive effect that will follow you through life. Where will you begin?