If you have a low credit rating, you may have tried searching for various ways to improve your rating. There are plenty of methods you can use, including:
Registering on the electoral roll
Checking and correcting any mistakes on your file
Avoiding submitting too many credit applications at once
Paying your bills on time
Keeping your credit utilisation low
However, you may also see some improvements to your credit score by paying off monthly instalments of our cash generator loans alternatives in full. This will only apply if you are able to repay the minimum each month to avoid defaulting until the full amount is repaid. Once completed, a repaid account will be visible in your credit history, allowing future lenders to see how responsible you are with managing repayments, and potentially improving your rating.