CCJ is a County Court Judgement and applies in England and Wales only. If you owe someone (either an individual or a company) money and don’t pay them, then they can take you to court. If the court agrees that you owe the money and you do not respond to the legal action, the court will award a CCJ. Never…
If you are applying for credit, there’s usually a form to fill in. Lenders will look at this information when they are deciding whether or not to lend you money, so it’s important to take your time and give them the best first impression possible, without lying of course. Many banks and building societies use not only credit scoring agencies…
One of the main tips you’ll find on any site giving advice on credit scores is to make sure you are registered to vote. But why is this so important? Why are the banks or financial institutions interested in whether we pop into the polling station to put our X on a ballot paper? What is the Electoral Roll? The…
Credit scores influence our financial lives, determining which bank accounts we can open, and which credit cards we might get accepted for when we apply. But not everyone has an amazing credit score, with every option available to them. If you don’t have a decent credit score, then you might be limited as to which financial product you will be…
Recent figures released by one of the UK’s largest credit referencing agencies show that the average British credit score has increased in 2021, despite the pandemic causing chaos with the finances of many. Credit scores from the major agencies in the UK are on a scale of 0 being the worst through to 999 being the best achievable. In 2021,…
Getting knocked back for credit is inconvenient and potentially embarrassing too. Whether you are accepted for a new credit card or mortgage depends in a large part on your credit score. If your credit score could be better, then here are our top tips about steps you can take to improve matters. 1 – Get your credit report Sign up…
We’ve all been in the situation of living with a nightmare flatmate who parties all night and never chips in their share of the gas bill. Eventually we move on and think about getting a place of our own. But can the financial situation of that dodgy flatmate who never paid their bills affect your own credit score in the…
Increasingly, financial services companies are offering the option to conduct a soft search or “smart search” to establish your chances of being approved for a loan or credit card. If you’re not sure what a soft search is, then you’re not alone. Here’s our ultimate guide to soft searches for credit, and the reasons why these could be important for…
If 2022 is the year you are planning to move house with a new mortgage, take out a loan for a new car, or think about taking 0% finance for a new kitchen, then it’s important to make sure your credit score is both accurate and in good shape. All of the big three credit referencing agencies in the UK…
For an individual to be creditworthy having a good credit score is critical. The credit score is evaluated based on your credit history. The better the score the more lenders will feel comfortable issuing credit. The credit score is calculated by credit reference agencies with three operating in the UK -TransUnion, Equifax and Experian. When calculating the credit score, credit…
