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Credit Reports Explained

Credit Reports Explained
• Public records, such as court judgements, individual
voluntary arrangements and bankruptcies. Your credit
report also shows whether you are registered to vote –
lenders use this as a precaution against fraud, to check
that you are who you claim to be and live where you say
you do.
• Information from lenders and financial institutions, such
as records of the number of loans you have and whether
you have ever missed a repayment.
It’s important that all this information is as up to date as
possible and correctly reflects your circumstances. Then
lenders will make the best-informed decisions – and you
will get the right deal.
You can view your credit report online for FREE at:
http://www.dotcomallsorts.com/free_credit_report.php
WHY YOU CAN GET REFUSED CREDIT
Lenders turn down millions of applications every year. If
you are one of the unlucky ones, you should be given an
explanation. If not, ask for some guidance.
For example, you may appear to be carrying too much
debt from other sources or your credit report rang alarm
bells, perhaps because you had missed some payments
on a previous loan. It may simply be that you do not fit the
lender’s profile for a particular loan.
You can always appeal against the decision. This may give
you chance to provide further information. For example,
your poor credit record may stem from a one-off event that
no longer applies such as time off work you may have had
during a serious illness or enforced redundancy.
Get a FREE CREDIT REPORT NOW!
http://www.dotcomallsorts.com/free_credit_report.php
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