Credit Score

Your Credit Score report

How and Where to Obtain Your Credit Score Report With the economy in its current state of distress, it is important to know your credit score and how it can affect your financial life. It is important to not only understand your credit report and know your score, but also to ensure that there is no false information on your report, such as someone with the same name showing up on your credit report, someone fraudulently using your personal information, or any other erroneous information that could damage your ability to receive financial assistance.

Why You Should Check Your Credit Status

There are three credit reporting agencies. All three report differently, so it is a good idea to check all three credit reports occasionally. It is a good idea to check a single credit report for free, to check for any data that could severely damage your credit score, so that you may work on repairing your credit. It is possible to contact the credit reporting agencies to dispute data that is erroneous or fraudulent. Once you have repaired what damage you found by reviewing your free credit report, you should contact all three reporting agencies to obtain a full score and report. Credit Reporting Agencies Callcredit offers a free report through Noodle. This option is completely free, with no thirty day trial or need to cancel. You have instant access to both your score and your full report. The site updates your report monthly, and even recommends credit cards and other financial services that you would be eligible for based on your credit score. You can also upgrade your Noodle account to receive identification protection and alerts. Credit Compass is a monthly fee based service that offers the same options as Noodle, with a few additional perks. These perks include having your report updated daily, report analysis, credit guidance and alerts any time something on your report changes as an additional protection against credit fraud or identity theft.

Experian and Equifax both offer the statutory credit report for two pounds each.

Check the website for each company in order to order your report. Make sure to have all your needed information available before you begin your application. This information can include your legal name, any alias you have gone by, your maiden and/or married name, and every address you’ve lived at for the past six years. You can order your statutory credit report either online or by post. With the economy in its current state of distress, it is important to know your credit score and how it can affect your financial life. It is important to not only understand your credit report and know your score, but also to ensure that there is no false information on your report, such as someone with the same name showing up on your credit report, someone fraudulently using your personal information, or any other erroneous information that could damage your ability to receive financial assistance. Why You Should Check Your Credit Status There are three credit reporting agencies. All three report differently, so it is a good idea to check all three credit reports occasionally. It is a good idea to check a single credit report for free, to check for any data that could severely damage your credit score, so that you may work on repairing your credit. It is possible to contact the credit reporting agencies to dispute data that is erroneous or fraudulent. Once you have repaired what damage you found by reviewing your free credit report, you should contact all three reporting agencies to obtain a full score and report. Credit Reporting Agencies Callcredit offers a free report through Noodle. This option is completely free, with no thirty day trial or need to cancel. You have instant access to both your score and your full report. The site updates your report monthly, and even recommends credit cards and other financial services that you would be eligible for based on your credit score. You can also upgrade your Noodle account to receive identification protection and alerts. Credit Compass is a monthly fee based service that offers the same options as Noodle, with a few additional perks. These perks include having your report updated daily, report analysis, credit guidance and alerts any time something on your report changes as an additional protection against credit fraud or identity theft. Experian and Equifax both offer the statutory credit report for two pounds each. Check the website for each company in order to order your report. Make sure to have all your needed information available before you begin your application. This information can include your legal name, any alias you have gone by, your maiden and/or married name, and every address you’ve lived at for the past six years. You can order your statutory credit report either online or by post. The websites for these services are listed below:

http://www.callcredit.co.uk/

http://www.uat.uk.experian.com/

http://www.equifax.co.uk/

Checking your credit score: the most frequently asked questions

Did you know that your credit rating can have an effect on the type of credit card, mortgage, or bank loan that you apply for? For example, if you have a poor credit history you may be limited to the type of financial service you can apply for, and may have to settle for a financial product with a higher interest rate. To help you understand the criteria that banks and financial institutions use when determining whether you should be accepted for finance, you might want to check your credit rating.

How do I check my credit rating?

There are three companies in the UK that provide information about your credit history. These are known as credit reference agencies, and they compile information about any credit agreements you have had in the past, as well as other details about your financial history. The three credit reference agencies are Equifax, Callcredit, and Experian. For the most comprehensive overview of your credit history, you might want to check your credit report with all three companies.

What is a statutory credit report?

By law, the three credit reference agencies have to provide you with your statutory credit report – a document which gives an overview of your financial history and any credit agreements you have taken out in the past. This document can be sent you in the post, and will cost £2. You can also view your statutory credit report online.

How much does it cost to check my full credit report?

Both Equifax and Experian will provide you with your full credit report for a small fee. However, you will be able to check your report with these companies for free for a specified amount of time (usually 30 days). Remember – you will need to provide a credit or debit card when applying for this service, and may be charged after the free trial has ended if you don’t cancel the service in time. However, you will be able to check your credit report as many times as you want during your free trial. Callcredit, also known as Noddle, will allow you to view your credit report for free.

How does my rating affect my ability to get credit?

Your credit score will influence the type of credit you can apply for. For example, if you have no credit history, or a poor credit history, you might find it harder to obtain finance.

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