Whether you currently have a credit facility or are actively looking for credit, it can be beneficial to receive your own free credit check. This check will show you your score and detail your credit history. If you already hold credit, you will be able to see information on each of your credit accounts, from mobile phone contracts to loans or mortgages, including a payment history. Credit agencies regularly monitor your credit report and will often make decisions based on the activity there, so it is important to make sure you are aware of any activity yourself and can ensure it is up-to-date before they make an unexpected decision. free credit score check

Many customers can be unaware of the all credit they have, including dormant credit cards or bank accounts, where the account has been cleared but not closed. A credit check will allow you to see any sources of credit you still retain, enabling you to make a decision to either utilise the credit or close the account.

If you’re applying for credit, a free credit score check will show you your current score and the likelihood that a lender will provide you with credit based on that score. By knowing what your score is, you’ll be better equipped to know what products lenders are able to offer you before you apply. A declined credit application is not only frustrating, but it can also further lower your score, so it is always best to make sure you are aware of what products you are likely to be approved for before making an application.

Identity theft is a common occurrence, with many credit accounts opened fraudulently in other people’s names. Left unchecked, identity theft can have long-term affects on your credit score, but with a free credit score check, you will be able to see if someone is trying to use your data and can quickly put a stop to it.