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How to build your Borrowing Power
How to build your Borrowing Power
Updated over 6 months ago

If your Borrowing Power is low, here are some ways you could increase it. Increasing your Borrowing Power will also increase your eligibility for credit on TotallyMoney.

  • Make sure all your details are correct and up-to-date in your credit report. If you continue to improve your credit score, your Borrowing Power should also increase.

  • Get on the electoral register if you aren’t already. This helps lenders to confirm your identity when you apply for credit

  • Use credit building cards if you’re eligible. Used responsibly, these help to show you’re reliable when borrowing and repaying money.

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