How to Build Your Credit Rating

Responsible use of a Vanquis credit card can help build or rebuild a credit rating. Our Credit Builder video and accompanying infographic provide some easy to understand explanations of how you take steps to improve your credit rating with Vanquis.

To build your credit rating and be considered for credit limit increases, use your card sensibly, stay within your credit limit and pay your monthly minimum payment on time. Not doing so could harm your credit rating and make obtaining credit more difficult.

Watch our Great video: How to Build your Credit Rating with Vanquis

Transcripts

Check your credit rating with a reputable credit agency and correct any inaccuracies and if you’re eligible, sign up on the Electoral Register at your current address.

Apply for a Vanquis card and sign up for the Credit Building Tips Newsletter.

Budget your income and expenses and plan to pay all debts on time – use the Vanquis wall planner.

Set up direct debits for your Vanquis minimum or full monthly payment and for other bills like your gas and electricity.

Use your Vanquis card each month, check your balance regularly and avoid going over limit.

Build a good credit history by making all payments on time. Not only your Vanquis card, but gas, electricity and other bills too.

Set up a direct debit instruction for your Vanquis minimum or full payment – so you never miss a Vanquis payment.

Join e-Vanquis to check your statements online and get SMS reminders. You could also check your balance regularly using Quickcall on 01623 23 23 23

Make sure you are always aware of your Vanquis balance and credit limit to avoid going over limit allow for estimated interest when making a payment.

Download our interactive wall planner and plan your way to better credit step by step.

Sign up for tips and advice from Vanquis for improving your credit limit.

Make sure your other debts are manageable and all payments are made on time – gas, electricity, store cards and others.

If you are eligible, make sure you are on the Electoral Register.

Check your credit rating from time to time and see those green ticks multiply.

For more information why not check out our Credit Building Infographic:


Simply click the image below to download it as a PDF or click here to download our printer friendly version in black and white.

Build your credit rating infographic

Build or Rebuild your credit with a Vanquis Credit Card

  • Manageable starting Credit Limit of between £150 and £1,000^.
  • You could get a Credit Limit increase after your 5th statement and further increases every 5 months, up to £4,000*^
  • Exclusively UK based Customer Service.
  • Online account servicing & SMS alerts.

 

To build your credit rating and be considered for credit limit increases, use your card sensibly, stay within your credit limit and pay your monthly minimum payment on time. Not doing so could harm your credit rating and make obtaining credit more difficult.

Representative 39.9% APR (variable)

World Vanquis Credit Card with slant mirror effect