How to Check your Credit Report

Checking your credit report

If you are applying for a loan, the process usually involves you giving the lender your permission to review your credit report. The credit report is simply a history of your financial transactions. Checking Your Credit Report for Fraud A Step-by-Step Guide

There is an increase in ID theft in the United Kingdom: The January figures show that since the end of last year there has been an 8% increase in the number of cases of finance frauds, and in 2015 alone there were five million cases of them. As scammers find more and more innovative ways to hijack your identities, and personally identifiable information is illegally trafficked on the Internet, it is important to be cautious.

Whilst most folks know to check their account statement, not everyone knows that reviewing your credit report is a great way to check for scams, and it is completely free. Here is a step-by-step ClearScore tutorial on how to check your credit report for scams. There' s no need to bother paying for your credit report.

Benefit from a free ClearScore.com complimentary credit report and receive your Equifax credit report in just a few moments. In addition, it is not necessary to provide banking information. In order to get a full view, you can also review your credit report with a free evaluation version of Experian, which ends after 30 workingdays and amounts to 14.99 a months later.

In order to view your call credit report (which is used by fewer creditors but is still worthwhile), you can register with Noddle free of charge. The credit report is just a story of your transactions. The report contains information about how you managed your credit account, which includes mortgage, credit card and debit card information. This also logs when creditors review your report before making a judgement as to whether they want to loan you something - this turns out to be a "hard" one.

Check out your report - look around and familiarize yourself with all the information and make sure it is accurate. Check your credit report for suspect and unknown items. Treacherous evidence of cheating is new credit balances you haven't opened, an unpaid account far in excess of your expectations, or an increased "hard" search.

When a scammer tries to open an account in your name, a tough sweep is performed in your credit report for each of these tries. Report any scam to Action Fraud at 0300 123 2040 or actionfraud.police.uk. Make sure you have important information (e.g. name, data, information about the unsub and how much of your funds were lost).

It is also a good idea to inform your local banks or your own finance company of any activities that may be causing suspicion so that they can block your credit line. Keep monitoring your credit reports - we recommend that you do this at least once a year. But make sure it's valuable - if you're sure, your risks are low.

The use of secure password, the notification of missing card and the caution against unwanted phone call or email are good ways to protect against scams.

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