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How can I protect my credit rating?

Credit reference agencies hold information about your credit agreements (including any arrears), county court judgments (CCJs) or decrees and electoral roll information.

Credit reference agencies provide factual information to help companies make decisions about lending money. They do not have a ‘blacklist’ of people who should not be given credit.

If you are struggling with debts, it is very likely that information about missed payments and defaults will be placed on your credit reference file. This may make it more difficult to get credit in the future.

It is very difficult to protect your credit rating if you are not able to keep up with your debts. Start My Money Steps to find out how you can deal with your debts.


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