How I have improved my credit score

Since starting my financial journey I have learned a lot of tips and tricks that I would like to share. And one of those tips is how to improve my credit score. Now, i’m no Martin Lewis but I do know what has worked for me.

I never realised how important it was to have a good credit score especially when looking to buy your own home but now I do. And I have worked hard over the last few years to improve mine as much as possible.

If you are interested in learning how I improved my credit score then keep reading as I share the 4 things I have done to improve mine!

!Quick disclaimer: I am not trained in Finance coaching or credit scores, this what I have done to improve my credit score and research I have found!

Paying off my debt

This may seem like an obvious starting point but unfortunately, paying off debt can effect your credit score.

According to Experian (click on the link if you would like to read the whole report)if you pay off your debt in installments this can effect your score, and if you pay off a low balance before a bigger balance can also effect your score.

“For some people, paying off a loan might increase their scores or have no effect at all. It all depends on your overall credit profile and the type of credit score you’re checking.”

Check Your Free Credit Score | Experian

I only had £4,000 worth of debt and I was paying this off in installments over 5 years, this meant that my credit score dropped by a lot! So I saved up and made a big payment to clear it and my credit score went up.

On Instagram I have seen people paying off thousands of pounds worth of debt and their credit score drops.

If you have a lot of debt always start off by paying off the lowest balance. Yes this will effect your credit score but it is always better starting with the smallest as this will be more manageable.

Be patient when paying off debt, it takes time and your credit score will move around but it is worth it in the end!

Get a credit card and spend on it

I know, I know, I just spent all that time paying off debt and now I am getting a credit card which could get me into more debt.

But hear me out, improving your credit score isn’t all about paying off debt its also about showing the banks you are able to borrow credit.

UK banks plan to hike cost of credit card borrowing | Money | The Guardian

As I had a small amount of debt, I was showing the banks that I am not able to borrow credit which doesn’t look good for buying a home.

So in November 2019 I took out a credit card and started spending on there. I took this advice from Martin Lewis’s Money saving expert site. On there he explains that having a credit card and using it to spend a small amount on there and paying the balance off in FULL on the due date will improve your credit score.

Every month since then I spend between £50 -£100 and pay it off in full and my credit score has improved. I buy petrol and occasionally online purchases.

A quick disclaimer, if you are someone who has credit card debt then this might not be for you. But as someone who only uses this for small amounts each month I am able to control my spending.

Never go into my overdraft

Since being on a budget I have never gone into my overdraft, I always make sure I have complete control over what money leaves my bank account.

I do have an overdraft arranged with my bank account but I have never used it. Just because it is there doesn’t mean I will use it. As according to Experian an overdraft will count as debt on your credit score.

Why overdraft charges are overdue an overhaul

An arranged overdraft is unlikely to have a major impact on your credit score as long as you don’t go beyond your overdraft limit or have payments refused. In fact, if you use your overdraft sensibly and regularly pay it off it could improve your credit rating.(Link to this website)

And having a a current account with the same bank for a umber of years can also improve your score.

Pay my bills on time

Before I started my budgeting journey I used to miss my due dates on my bills. I forgot to pay my car insurance and car tax which left me in bad credit.

I now have a lot more control on my bills and when they are due.

How often do you check your utility bills? – Which? Conversation

When starting your budget make sure you know when your bills are due, that way you wont go into your overdraft, which in turn effects your credit score.

HOW TO BOOST YOUR CREDIT SCORE - Octane Finance

I hope this post has been helpful and you can find some ways in which you can improve your score.

Don’t forget to check out my Instagram for all the latest updates on my journey.

Qmee Review: Is it worth it?

Over this weekend I am sharing my favourite survey apps as I get so many questions about if these apps are actually worth it.

In this post I will be discussing the survey app Qmee and my honest review.

Check out my previous post where I wrote a review all about the app Attapoll.

What is Qmee?

Much like Attapoll, Qmee is an app that you can earn money for answering companies questions. However this app has something special, not only can you earn money by answering surveys you can also earn cash back.

You can also download their extension which tracks what you search online and you can earn some extra cash. I earned 8p the other day for searching “flared jeans” so it is well worth downloading on your laptop or PC.

You can also earn cash back and find some deals online through their website!

The good:

I have had this app for 1 year and I have earned £172, I could have earned more if I paid more attention to the notifcatons they send you.

The fact that cash out is only 1p and its in your PayPal within seconds makes it one of the quickest apps to earn money. You can increase the value of your surveys by staying active and keeping your ‘oinqs’ lit up.

I try and keep them active all day and it increases the money you earn per survey. And staying active on a survey app increases your eligibility.

The survey lengths can vary from 1 minute to 20 minutes and sometimes you can earn over £1 for a 5 minute survey which is well worth doing.

As I have said before you can also earn cash back and money off.

The bad:

Like I said before sadly you do get kicked out of surveys, if you do not answer the questions correctly or are not what the companies are looking for. So getting kicked out can be frustrating, I find on the weekend that the surveys are slower and you are more like to be removed. But the rest of the time it isnt too bad.

Qmee are very good in rewarding you (occasionally), if you are removed from a survey. They usually pay you a small percentage as an apology and always report any problems you have as that stops it from happening all the time.

How much money can you make from this app?

On average I can cash out over £1 per day and for a survey app this is a lot of money. Like I have said before they are better during the week and if you stay active for longer the more surveys you get accepted for.

As cash out is only 1p yes that’s right 1p you can cash out easily and quickly so for me this app is a winner.

Is it safe?

Qmee has many good reviews with a 8.3 star rating on Trust pilot and in terms of personal data I have never had any trouble with this app in terms of my personal data.

Final review: Is it worth it?

Yes! This app is definitely worth downloading not only can you earn money by answering surveys you can earn cashback and find money off vouchers. The surveys are quick and easy to answer!

They also have a great referral scheme, you can create an account using my link and we will both receive 50p when you complete your first surveys. And once your account is set up you can share your link with others and earn more money. (if you use my link thank you so much!)

Please use this link: http://qm.ee/2OJZ5PK2SIDDW

I hope this post has helped you understand more about survey apps.

Make sure you go and follow me on Instagram as there you will be able to keep up to date with my journey!

Attapoll Review – Is it worth it?

We are all looking for more ways to earn money but have you ever thought of using survey apps?

I will be sharing my honest review about many different survey apps so you can decide if surveys are the way forward to making some extra cash.

What is Attapoll?

Attapoll is a survey site that allows you to earn money from the comfort of your home. All you need is a phone, internet and your ready to go.

Attapoll connects you to a wide range of companies and organisations that are looking for your reviews and opinions. You can answer questions about anything from what your favourite Online store is to what you ate for breakfast.

If you turn your notifications on you will get notified each time a survey is available on your phone.

The good:

This app is easy to set up, once you sign up and complete the profile surveys you can be earning money within minutes.

You can select the maximum length of survey you would like to complete, so if you only want short and sweet surveys you can. But if you fancy sitting through a long surveys you can as well.

As I have mentioned before you can allow your phone to receive notifications so you have access to the surveys quickly. The better paid surveys can reach their quota quickly so having this feature means you will be more than likely selected.

Cash out is via PaypPal once you reach £3 and £2.50 to a Revoult account. Cash out is instant and can be in your chosen account within minutes.

The bad:

Sadly with every good point their can be bad points, although I haven’t had many bad experiences with Attapoll I have had a few.

Unfortunately, some of the surveys can pay terribly, 10p for a 15 minute long survey is not great. And often you can be removed from surveys if you do not meet the requirements that the company needs.

I will be honest this does not happen to me often on this app but when it does it can be so frustrating. When completing surveys you need to make sure that you are paying attention, as companies do analyse the way you answer and will throw in attention checks.

How much money can you make from this app?

Some weeks I can cash out 3 or 4 times it depends how much time I dedicate to it.

As I have been on furlough this year, so I have had plenty of more time at home, I have earned on average £10 per week which for a survey app is a lot!

But it does depend on the time you give to this app, remember cash out is £3 so you need to work hard to reach the cash out amount. If you check your phone every now and then, it will be much more difficult for you to earn as much.

Is it safe?

There are so many worries when using survey sites that your data is safe. Attapoll is owned by Attapoll LTD which is a British company based in London. You can find many reviews online praising this app.

I personally have never had any issue with my personal information, this app does not provide you with any spam etc so for me it has been safe.

Final review: Is it worth it?

In one word Yes!

If you are like me and have a lot of spare time on your hands during lockdown, then this is the app for you. When your sat watching TV you can answer surveys and it is so worth it!

Just bare in mind that you won’t earn hundreds of pounds per week but you can earn some extra cash whilst staying at home.

I hope this post has given you more information on this site and how you can use it to save some extra cash.

I do have a link that you can use below, I earn 50p for every person that signs up once you complete 5 surveys. So thank you if you do use my link.

Here is my link to Attapoll: https://attapoll.app/join/yylyt

I will be sharing over the next few days other survey apps that you can use to earn some extra cash!

Make sure to check out my Instagram for updates on my journey!