Your credit file is
the most important part of applying for credit cards, loans, mortgages
and more.
What is a credit file?
A credit file is where lenders and companies store information
about credit on you, this is viewed and assessed when applying for credit.
There is allsorts of information stored everything that is relevant to
gaining credit is stored here. Your credit file is stored by a Credit
Referencing Agency (CRA) the 2 main CRA's are Experian and Equifax, there
are links to these websites below.
What is stored on a credit file?
There is a lot of information stored on your credit file including:
- Electoral Roll Data
- Credit Card Accounts
- Mail Order Credit Accounts
- Loans
- Mortgages
- Previous Addresses
- Other Household Member Details
- Previous Credit Searches on your credit file
How is a credit file used:
A credit file is used to verify that you are who you
say you are and to judge the credit risk that you are to the company,
this information is then looked at and assesed aaccording to the lenders
requirements, most applications are then scored and depending on the
scored of the assessment will decide on the final result of the credit
application.
How do I amend my credit file?
You can amend your credit file by contacting the credit referencing
agency that stores the information you wish to correct, you can file
disputes online with some companies, please see the links below.
How can I see my credit file?
If you are interested in seeing your credit file you can write
to the credit referencing agencies who are the people that store this
data and they will send you your credit report for a smal fee.
Alternatively
you can gain accessing to your credit file online by using the links
below:
Get your free Experian credit report and 30 day free trial of the CreditExpert Monitoring Service.
View your UK credit file online - includes score and rating
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