• David Tarry MBA

Look at Your Credit File!

Improving your credit file is an important first step to getting the life you want, showing lenders that you make responsible decisions and are financially stable.

While everyone’s credit history is unique, there are generally a few common mistakes people make that can drag down their score.

Here's a rundown of some of the top factors affecting credit scores and how to tackle them.

Mistake: Not registered to vote

Solution: Get on the electoral register ASAP. It’s your choice whether you actually vote or not but you need to be on the register so credit companies can confirm your details.

Mistake: Failing to act on errors

Solution: Spend time reading your credit report each month and if something doesn’t look right, investigate. Don't think it'll disappear, because it simply will not and you'll need to take action to get it corrected.

Mistake: Failure to clear debt with regular payments

Solution: Create a budget and set up a plan for debt repayment. Budgeting is the first step towards getting your finances under control and will help to stop the problem getting worse. Late payments are recorded on your credit report and remain there for six years, even if you’ve settled the account and paid off the debt.

Mistake: No experience of borrowing

Solution: Get some credit! While too much debt can be bad for you, if you’ve never borrowed money you’ll find you have a limited credit profile. One option may be to take out an affordable loan or credit card for something you are planning to buy and make regular repayments in line with their terms and conditions.

The easiest and best way to get a copy of your credit file is to register via CheckMyFile for the free 30 day trial, then it’s just £14.99 a month – you can cancel anytime. Please click their logo below to go directly to their site:

Once registered, scroll down to the ‘download printable report’ link and forward to me the PDF and accompanying 6 digit pass-code so I can fully assess the situation - thanks.

If the 'Download Printable Report' button is not visible then log out, wait 24 hours and then log in again.

The reason I suggest this report is simply because it’s the only one that contains details from all 4 of the UK credit reference agencies, so it’s the ideal way for us to assess what’s on there and possibly, what needs to amended.

Hope that helps!

Contact Me Directly 

David Tarry MBA

Merewood Financial Services

57 Park Road


United Kingdom

PO31 7LY


Or Call 01983 875151 - 0207 867 3990 - 0771 476 2597

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Merewood Financial Services is a trading style of David Tarry, who is an Appointed Representative of The Right Mortgage Ltd, which is authorised and regulated by the Financial Conduct Authority.  Telephone calls made to Merewood Financial Services and/or The Right Mortgage Ltd may be recorded and used for training and/or regulatory purposes.

Your home may be repossessed if you do not keep up repayments on your mortgage.  

Please ensure that you can afford the repayments before entering into a credit agreement.

We are not authorised to provide advice on Investments, Tax Advice, Pensions and Savings but can refer customers to a specialist who can assist in this area. The information contained in this website is subject to UK regulatory regime and is therefore intended for consumers based in the UK.  

Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority.

No fee is payable for our service in relation to mortgage contracts. We will be paid commission by the lender; the amount of the commission due to be paid is available upon request and will be disclosed via the mortgage illustration.

©2021 by Merewood Financial Services.