Completing a debt arrangement is a big step toward taking back control of your finances — but your credit score won’t improve overnight. In fact, unless you take specific action, your credit report may still contain outdated or incorrect information that holds you back.
The good news? There are straightforward steps you can take to start rebuilding your credit — and we’re here to help make the process as smooth and stress-free as possible.
Here are six ways to improve your credit score after a debt arrangement:
1. Make Sure Your Credit File Is Accurate
Once your debt arrangement has ended, your credit report should reflect that. Any accounts included in your arrangement should show as settled or satisfied, and any defaults should be dated correctly — usually on or before the arrangement began.
2. Use Your Completion Evidence
Whether you’ve finished a Debt Management Plan, IVA, DRO, or another solution, it’s important to have documentation confirming your completion. This can be used to update credit files and settle any disputes with creditors or credit reference agencies.
3. Register on the Electoral Roll
Registering to vote at your current address adds stability to your credit profile — and it’s a simple way to boost your credit score.
4. Consider Using a Credit-Builder Card
Once your debt arrangement is completed and your credit file is updated, you may be eligible for low-limit, credit-building credit cards. Used correctly — with low balances and full monthly repayments — these can show lenders you’re now managing credit responsibly.
5. Maintain Older, Positive Accounts
If you have any credit accounts that weren’t included in your debt arrangement and have been managed well, keep them open. A longer credit history — especially with positive activity — can strengthen your score.
6. Be Patient and Stay Consistent
Improving your credit after a debt arrangement is a gradual process. The key is consistency: make payments on time, avoid unnecessary borrowing, and check your credit report regularly to ensure everything is accurate.
Need Help Taking the Next Step?
We offer a fully online service designed to help clean up your credit record after a debt arrangement. From preparing the right documentation to helping ensure your accounts are reported correctly, we make the process simple, clear, and stress-free.
