What is a credit reference agency?
A credit reference agency collects public and credit data to produce credit reports and credit scores for individuals. Many lenders will use this information, from one or more agencies, to make decisions about whether to lend to an individual or not.
There are 3 main credit reference agencies in the UK:
Why should I look at my credit report?
You may want to look at your credit report for the following reasons:
- If you are applying for a mortgage?
- If you need to improve your credit rating?
- If you have you been refused credit?
- If you want to buy a new car?
- If you are worried about ID fraud?
How do I access my credit report?
Did you know you have the right to access your personal credit information? Under the Data Protection Act, by law you have the right to request a Statutory Credit Report for £2. This is posted to you within 7 working days of receipt of your request and payment.
Your Statutory Rights Include the right to:
- A copy of your Statutory Credit Report (posted within 7 working days of receipt of your request and payment).
- Dispute inaccurate information on your credit file.
- Have errors corrected within 28 days.
Free Experian Credit Report from CreditExpert
CreditExpert is the UK’s leading online credit monitoring and identity fraud protection service.
You can get free, unlimited online access to your credit report for 30 days through CreditExpert from Experian. The service includes email and SMS alerts whenever your credit report changes, plus receive advice and tips on how to manage and improve your credit rating.
Visit http://www.experian.co.uk to find out more.