quick way to improve rating

dangalf

If I paid off my outstanding debts would this instantly improve my credit score?

Tixy

Depends what else is on your credit file.

Don't focus too much on the score, its not always an indication as to whether you will be accepted for further credit. Its you ability to get credit that is more relevant than the score a credit reference agency will sell to you.

forgotmyname

If you mean the score the agencies give you then possibly. If you mean are you more likely to be accepted for more credit or approved for a loan then your score goes back 6 years.

So anything in the last 6 years may affect your score...

Missed payments or worse?

I am psychic and you have scored 9999.3 out of 100. There saved you buying your score now. And equally as meaningless.