How to check credit score?
Unlike your credit report, which you can get at no cost to you, you usually have to pay for your credit score. There are certain instances in which you are entitled to your credit score for free, for example if you are denied a loan on the basis of your credit score.
Who compiles credit reports?
In the UK, there are three main companies that compile information on how well you manage credit and make your payments. They are:
- Experian
- Equifax
- Callcredit
Who looks at your credit report?
When you apply for credit the process usually involves you giving your permission to the lender to check your credit report. The term ‘credit provider’ doesn’t only include banks, building societies and credit card companies but mail-order companies and, for example, providers of mobile telephone services – if you have a phone contract (but not if you’re on a pay as you go deal).Employers and landlords can also check your credit report, although they will usually only see public record information such as electoral register information and whether any County Court Judgements (or Decrees in Scotland) or insolvency records are held against you.Where to check your credit report
All three credit agencies have a statutory obligation to provide you with your credit report for £2, and you can access your report online or by asking for a written copy. Your statutory credit report shows a snapshot of your current credit history.Callcredit, under the brand name Noddle, also offers free access to your credit report for life, so it’s worth just applying for this rather than paying for a statutory report.It is often worth getting a copy of your credit report from all three credit reference agencies if you’ve not applied for it before or if you’ve not checked it for quite some time. That’s because different credit reference agencies may have credit information from different lenders (although there is quite a lot of overlap between them).You can check your credit report- .Check your credit report with EquifaxCheck your credit report with ExperianCheck your Callcredit credit report with Noddle
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