How to build your Borrowing Power

Edited

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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