Fool.co.uk have told consumers to reduce their personal debt and improve their credit rating, they need to make changes to their lifestyle.
The group say that many consumers don't take a firm enough control on their finances and ensure their debts get paid off each month. This leads to increased debts and a poor credit rating, meaning credit is harder to obtain in the future.
David Kuo from Fool advised, "What you need to do is find ways of repaying the debt that you have and once you have done so people will start lending you money again."