Practical steps to strengthen your credit profile and qualify for a better rate.
Why it matters
Your credit profile influences whether you are approved and what APR you are offered. Even a small rate difference changes your payment and total interest.
The main factors
Scoring models generally weigh payment history, how much of your available credit you use, the length of your credit history, new credit applications and your mix of credit.
Pay on time
Late payments cause lasting damage. Set up automatic payments for at least the minimum on every account.
Lower your utilisation
Using a smaller share of your card limits is usually better. Paying balances down before applying can help.
Check your reports
Review your credit reports from the official sources in your country for errors, and dispute mistakes. Avoid opening many new accounts just before applying.
Give it time
Improvements can take months. Once you are ready, compare offers with the loan comparison calculator.
General information only, not financial, credit or legal advice. We do not offer or arrange loans. Rules and rates differ by country and lender.