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.