Credit Report
Before you make a decision about borrowing, you will need to check your credit report.
Try "Checkmyfile's" credit report service.
We would recommend you review your personal credit report before you approach lenders, and at regular intervals to ensure it is correct.
The reason for this is that once an application is made to a lender they will access your credit file information via one or more of the recognised credit reference agencies, before they commit to making a formal offer to you.
It is FREE for 30 days, then £14.99 a month – cancel anytime
How credit scores work
There are three main credit referencing agencies in the UK, and they will paint a picture of you, by scrutinising all of your personal banking information, to determine how well you manage credit.
The information is summarised to produce a single number, which is known as your credit score. Credit scores are considered to be very important, here in the UK, in personal finance, mortgage and commercial lending.
As part of your borrowing assessment, we will establish the precise details of your credit history, in order to approach the most suitable lender, based upon your credit score. We believe the best way for you to understand your credit report and score, is to see it for yourself. There are two ways you can achieve this, you can personally request your report from one of the main credit referencing agencies on an individual basis, or you could go through our partner, who use a simple, line-by-line comparison to show you the information held about you by Equifax, Experian, and TransUnion all in one report. They also include Electoral Information and Court data.
SEE YOUR MULTI AGENCY CREDIT REPORT FREE
Try it FREE for 30 days, then £14.99 a month – cancel anytime.
Once you have a copy of your report, please contact us at Lotus Benefit Consultants Limited to discuss the next steps.