Win your car finance with CarFinance 247

If you win, we'll pay off the finance on your car. It's that simple! Your car becomes completely yours, free and clear.

This amazing offer is open to anyone who has secured car finance with us throughout 2023, including Decemeber 2023!

This means that there's still time to enter, get your finance in December, and you're automatically in!

The lucky winner will be announced the week beginning 5th February 2024 on our instagram page.

Terms and Conditions apply.

6 easy ways to improve your credit score

Whether you’re looking to get a new car or just to fix your finances, why not give these six easy ways to improve your credit score a try?

Written by Verity Hogan
Written by Verity Hogan
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1. Check for mistakes on your credit report

If there’s one habit you need to adopt, it’s checking your credit report. And that means checking all the details. Even the smallest mistake could make a big difference to your overall score. Spot a mistake in your address or a missed payment you don’t remember making? Get in touch with the credit reference agency ASAP.


2. Pay your bills on time

One of the best ways to maintain and improve your credit score is to keep on top of your bills. Missing just one payment can impact your score. If you often forget a payment or find your bills stacking up at the end of the month, you could try setting up direct debits or moving your payment date to the same day each month (perhaps the day after payday?) to see if that helps you stay on track.


3. Don’t use all your available credit

Maxing out your credit cards every month won’t do anything for your score. Of course, some months it’s unavoidable, but if you can, using a smaller percentage of the total credit available to you lets lenders know you might be a responsible borrower. That’s also why closing credit cards doesn’t necessarily improve your credit score.


4. Keep your debt in check

Just like using up all your available credit, using a lot of credit from different lenders can impact your score. If possible, try to leave a gap between your credit applications. This is especially important if you’re applying for larger loans. If you’re rejected by a lender after making an application, making another application shortly after may impact your credit score. Try to reserve using credit for the times when you really need it – like getting a new car – rather than credit becoming something you rely on every day.


5. Register on the electoral roll

If you’re registered to vote, then you’ll be on the electoral roll. If not, you can register online for free. The whole process takes minutes – it’s one of the easiest steps you can take to improve your credit. Make sure you register at your new address every time you move too.


6. Check your financial links

Your finances aren’t automatically linked just because you’re married or live with someone. It’s only when you take out a form of finance with someone else – a joint credit card or mortgage, for example – or act as a guarantor that your finances become linked. Anyone you’re financially linked to can impact your credit score. Double-check the people you’re linked to on your credit score and make sure to keep your credit score in mind when considering taking out any joint credit in the future.

Ready to start looking for car finance? Get a quote today. Rates from 7.9% APR. Representative APR 21.9%.

Written by Verity Hogan
Verity Hogan

* The UK's largest online car finance broker by unique users to the website. Based on Similar Web data – 1,137,647 to CarFinance 247 vs. 753,819 for nearest competitor. January to June 2023.

CarFinance 247 is a trading name of CarFinance 247 Limited. Registered office: Universal Square, Devonshire Street North, Manchester, M12 6JH. Registered in England. (Registration Number 06035525).

CarFinance 247 is authorised and regulated by the Financial Conduct Authority for insurance distribution and credit broking (Firm Reference Number: 653019). CarFinance 247 is registered with the ICO (Registration Number Z1897658).

Finance is subject to status and is only available to UK residents aged 18 and over. Written quotations are available on request.

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