How to find my Credit RatingThis is how you find my creditworthiness
We have three large suppliers of free credit ratings: All adults in Britain have a credit reference. The credit reports contain information about your debt, delayed or failed payment and all important pecuniary occurrences (e.g. withdrawal or bankruptcy).
A free credit reference can be obtained (see here for how to do this) which will show you all the information available about you from your bank or lender. Many small errors (or a one big mistake) can cause your credit rating to be lower than it should be, so it is definitely worth checking your credit reports from case to case.
What is important about your creditworthiness? When your credit rating is bad, you will find that you are looking for things like: In addition, your credit rating not only influences which product you get - it also influences how well you close a transaction. Would you like the lowest interest rate on loans, credit cards and mortgages?
You need a good credit rating to be eligible. Below for a) how to get your credit reports free of charge, and b) how to enhance your credit rating. Fortunately, you can review your credit reports free of charge. So let's clarify a few for you so you know where you stand:
There are no credit blacklists. Your credit card will remain the same forever. Marrying or staying with someone with a poor credit record will not compromise your creditworthiness per se. MAN: Someone who lived in my home before me can influence my credit rating.
FACT: It doesn't make any difference whether the individual who lives in your home was a spender or went broke with a number of credit card bills. If you never use a credit or debit card, you have an outstanding credit rating. In order to resolve this hen's eggs problem, request a credit or debit card, use it and then regularly return it (only if you are sure you can afford to punctually purchase it each month).
YYTH: Credit rating firms like Experian and Equifax make credit allocation choices. FACT: All rating companies do is keep your information on the record. Errors can have a big influence on your credit rating - and if you discover any, you can usually have them eliminated and your rating improved.
So, when you start looking for a mortgage, take your pick, check out your choices and start looking at locations instead of having a scatter gun strategy and looking at several things at once. Make sure that you only take out one IF credit card: According to the Data Protection Act, if a creditor has been denied a credit, he must state the reason.
When your credit rating is bad, it will increase over a period of times if you pay back your loans and stick to the above points. Economic credit bureaus can get it the wrong way. When you are in the process of losing money and always seeming to have liabilities that hang over you, look at our guidelines to get out of them.
Verify your credit information now free of charge under :