Everything you need to know about credit scores, who checks them, what's included, how to check yours and how to correct an error and how to boost your credit score.
One person in three has been told “no” when asking for credit, but
a bad credit score can affect much more than just getting a loan .What's even worse is that 15 million Brits never so much as glanced at their credit report – the tool lenders use when deciding whether or not to lend money to you.
But it's not just lenders. Landlords, potential employers, mobile phone companies, insurers, energy companies and more all look at your credit report before deciding to accept or refuse you.
A bad credit score can cause an awful lot of problems , so this is everything you need to know to boost your credit score and improve your chances of getting accepted for whatever you apply for.
Credit scores record of all your borrowing, current accounts and a lot of other financial and public record information about you – including where you live, if you're registered to vote and more – and assign you a number - your "score" based on it.
These are used by others to check how reliable you are before dealing with you.
There are three main providers of credit reports – Experian, Equifax and CallCredit.
Posts
0 comments: