Many people do worry about their credit score. This is because it can have an influence on whether you are able to borrow money and it may even influence whether you can rent a home or get a job. There are different things that you can try which could potentially improve your credit score and some work better than others and some are riskier than others. There is one problem with trying to do this and that is that all people judging you by your credit score, have a different idea of what makes a good credit record. Therefore, it can be difficult to please everyone. However, there are some things that you can try which are likely to have a positive impact but some are riskier than others.

Advantages of Getting a Mortgage on Your Credit Record

A credit record will show an image of the different financial products that you have. A potential lender, will want to see that you are capable of repaying the loan. They will want evidence that you can make regular payments. If you have a loan already, then this will help you as you will be able to demonstrate this. Getting a mortgage could also help to demonstrate this as you will be making monthly payments and so you will be able to show that you are able to do this and that you can be relied upon to make other repayments as well.


If you take on any sort of loan, whether it is a mortgage or not and start to struggle with the repayments then this will not look good on your credit record. So, if you take on any sort of loan so that you can improve your credit score, you need to make sure that you are really confident that you will be able to make the repayments. If you miss any of them then this could actually make your credit report look worse rather than better.

You also need to be aware that some lenders might look at what other repayments you are making to just whether they feel you will be able to afford to repay them. If you have a mortgage, then it is likely that you will be making quite significant repayments and therefore they may feel that you will have enough of a financial commitment with those and not really be able to take on a loan as well.


If you are buying a home and taking on a mortgage, then this could be a great thing, but it is wise not to rely on t as a way to improve your credit score. It is a good idea to keep up to date with payments though, so that it does not have a detrimental effect on your score. It is also a good idea to do it anyway because otherwise you will face extra charges and you want to avoid those if you can.

So, it can be wise to work on other things to try to improve your credit score and it can be a simple as checking to make sure any errors are removed, checking you are registered to vote and making sure that you do not have too many debts. The last is simple to say but not so simple to do, but if you owe money in a lot of places, it can be wise to pay off some of them so that you do not have so many loans. Try to reduce what you are spending on luxury items and make sure that you are not spending more than necessary for what you are buying and this should help you to be able to more easily repay the loan. You might be able to find some ways to earn more money as well and this could help you to have more available to repay the loans as well.