If you need to get a check on your credit rating - now is the time to do it. You are entitled to one free credit report from each of the major finance companies every 12 months. The major finance companies are usually understood to be: Experian, Equifax and Trw. In giving you a free credit report Trw will enable you to determine the exact nature of any debt you’re in, so that you can start to develop a financial plan to clear it.
Having got a Trw free credit report it’s really up to you to act on it. There’s absolutely no point in getting a credit report and then not doing something with the information. For example if Trw inform you that you’re more in debt than you expected; it could be a good idea to find out what an Experian free credit report says about your finances. It is not unheard of for the information that finance companies have on people to be hopelessly out of date and inaccurate. For all you know your bad credit rating could be completely wrong and unfairly preventing you from obtaining low interest rate personal loans. However, if a third financial check in the form of an Equifax credit report also states you have some serious debts, then perhaps its time to stop spending and start clearing your debts.
If you’re in debt and are struggling to repay loans, then now is the time to do something with the information from your credit reports. I’m sure Trw or Experian etc will say the same - don’t spend what you can’t afford! The reason so many people get themselves into debt is because they spend money they can’t afford. Having a personal loan to buy something is fine, having more loans than you can afford to repay isn’t. Reputable companies will help you sort out your problems so, if you don’t feel confident about devising a financial plan yourself; you could ask Trw or Experian for advice and guidance on clearing your debts.