6. Avoid excess enquiries
This one works on a similar basis to only applying for credit when needed. Even if you are pricing up a loan, mortgage, credit card or car finance, JUST TO SEE HOW MUCH IT IS, this will have various agencies checking your credit file. These searches can stay on your report for two years, with the agency searches having a negative effect on your credit rating for up to one year. Doing a multitude of enquiries within a shot space of time is a sure fire way to dramatically reduce your credit rating. Our advice would be to only make relevant enquiries and do them over a prolonged period of time.
