Step 5 - Grow Your Credit History

Make certain that you're on top of your finances by checking your credit report regularly. For example, look for a record that you are paying bills and loan instalments on time. Any inaccuracies can affect your ability to get cards, loans and even eventually a mortgage, so it's important to make sure that all of the information is up to date.

If you find anything you don't understand or think is wrong, contact a credit reference agency that holds your report and they'll help you to set the record straight. You may be able to add a note explaining the circumstances surrounding a temporary problem, which lenders will see and can take into account when they consider future applications for credit.