Many things can influence your Credit Score:
- A credit history of fewer than 6 years. This is the timeframe used to calculate your total credit score. A shorter credit history means that the Credit Provider has less information to base their score on.
- Missed or late payments over the last 6 years.
- Having only one or two accounts means there will be less credit history available on your profile.
- Court Judgements or record of insolvency.
- High credit limts - even if they are not being used. The high credit limit adds to your total accessible debt. It implies that you can still access all this debt if needed and will thus affect your credit score. Reduce credit limits.
- Balances on your accounts that are very close to the credit limit indicate that you rely on credit to get through each month.
