30 Ways To Improve Your Credit Score Before And After The New Year


The end of another year inevitably comes with a period of introspection and reflection on the events that have touched and shaped our lives over the past 12 months.

Without a doubt, 2021 has been another challenge for millions of households across Scotland and the rest of the UK due to the continued impact of the coronavirus pandemic, both personally and financially.

The health crisis has forced most of us to reassess our finances and deepen our spending and, with many people hoping to improve their credit scores in the new year, personal finance experts at Ocean financing have created a how-to guide highlighting 30 ways to make it better for good.

The handy list is split into two parts with 15 actions you can take before December 31, and the 15 you should take after The Bells on January 1.

If you’re looking to make 2022 your year of positive change, saving for a deposit or a new car, looking to pay off your credit card debt, or just want to start saving, hopefully there is. has some quick wins on the list to get you started.

15 Ways To Instantly Improve Your Credit Score

If you’re looking to improve your credit score before the New Years, here are some quick wins:

  • If you’re renting, ask your landlord to sign up for the Rental Swap Initiative to show you’re paying rent on time

  • Check that your address is correct on old active credit accounts, as this helps the accuracy of future credits

  • Add a landline number to credit checks to prove stability

  • Get your name on household bills, even if you are sharing a flat share, as this proves that you are making your payments on time

  • Register on the electoral roll to boost your score by around 50 points

  • If you can’t register to vote, get proof of residency to add to your credit report

  • Make sure all of your direct debits are paid on time.

  • Do not withdraw cash from a credit card, as you will have to pay interest charges

  • Think twice before agreeing to be financially bound to those with bad credit

  • Stand out from previous financial partners by closing joint accounts, mortgages and more

  • Use calendar reminders to stay on top of your finances so you don’t miss any payments

  • Pay off your debts with your savings if you have any, as this will save you interest

  • Be thrifty and live within your means so you are more likely to borrow less

  • Check your credit report for errors and contact the credit reference agency directly to correct anything you find

  • Protect yourself against scams because falling victim to them can cause unfair damage to your credit score

15 Ways To Improve Your Credit Health In The New Year

Ocean financing also shared 15 Ways to Improve Your Credit Health with Long-Term Goals for the New Year:

  • Always stay below 25% of your credit limit so if you have £ 1,000 spend less than £ 250 per month

  • Do not open a new credit account for six months, and you will increase your credit score by 50 points

  • Have a variety of different types of credit to prove you’re a reliable borrower – for example, a credit card with a consistent balance and payment amount, a loan, mortgage, and bank card (if all of that is needed)

  • Use free eligibility checkers to see if you’ll be accepted for credit before you apply

  • If you are applying for credit, choose your timing carefully – if something is about to expire on your report, it may be worth the wait afterwards.

  • Keep a fixed address – anything over three years looks better

Financial aid available in Scotland

  • Get a credit rebuilding card if you have bad credit or none. These come with a low, manageable limit and can help you build your credit score.

  • If you have high interest debt that you are having trouble paying off, consider a debt consolidation loan.

  • Avoid Payday Loans If You Want A Mortgage

  • Avoid using overdrafts – authorized or unauthorized – as they are classified as a form of borrowing

  • When paying off your credit card, pay more than the minimum if you can

  • In addition, two payments per month by credit card, as it suggests that you are paying more than the minimum

  • If you’ve had financial problems in the past, consider a prepaid card where you load the card with cash and use it like a credit card.

  • Pay off existing debt before applying for more credit if possible

  • Pay your auto insurance monthly by direct debit instead of a single annual payment



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All of these tips are detailed further in the Ocean Finance online guide. here, which also debunks some credit score myths and lets you test your credit wisdom.

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