What is a Credit Check?
Understand what's on your credit check file - Online answers and secrets to overcoming credit check problems.
Credit checks are very important and are the main factor used to decide if we are suitable to borrow many
All of our day to day financial activity, including things like our mobile phones or mail order catalogues are used to make up our credit check rating.
There has been for many years a mysterious air about our credit check information, but not anymore! You can easily access your credit check report in order to see what information the Experian and Equifax credit agencies hold on their files
A credit check does play a significant role in our lives. Not only can a poor credit rating exclude you from special offers and services, but it could also affect your ability to open a bank account and in some instances, from getting certain jobs!
- A poor credit check may mean that you are refused a product or service.
- Credit offers may carry a higher rate because of the added risk to the lender
Why not carry out a credit check NOW to see if you have credit problems!
What will effect your Credit Check?
Many different factors are used, but the main ones are:
Your Payment history - Missed & Late payments will lower your score.
Public records - Bankruptcies, IVA's and County Court judgments will lower your score.
Amount that you owe - Too much debt will cause a lower your score
Length of credit check history - The longer your credit history is the better.
To Many New accounts - Opening to many new accounts in a short time may lower your score.
The Number of Searches - Every finance application will leave a search record on your credit report. A large number of recent searches will lower your score.
To find out exactly what your credit check is now, Simply click on the link!
