What is in my credit report?

Money | 6 months ago
besavvi loans guide on what is in my credit report

Your credit history forms a big part of your credit report, it lists your credit accounts, the date they were opened, the credit amount, the credit limit as well as any missed payments. All of this information determines your credit score, and this can determine how likely you are to be accepted for credit.

When you make an application for a loan, your credit report will be checked by the lender to determine if you are a good candidate to lend to and help decide the rate.

To compile your credit history, Credit Reference Agencies gather personal information from several different sources such as the electoral register, mortgage providers, mobile contracts along with any defaults etc. They also hold personal information such as your name, DOB, address history.

Your credit history forms a big part of your credit report, it lists your credit accounts, the date they were opened, the credit amount, the credit limit as well as any missed payments. All of this information determines your credit score, and your credit score determines how likely you are to be accepted for credit.

It’s a good idea to check your credit score at a Credit Reference Agency before you make an application.

You can check your credit score from credit reference agencies such as Experian, Equifax and CallCredit, most of them offer free trials if you visit their website.

Contact details for the three main credit reference agencies are:

Experian
Consumer Help Service
PO Box 8000
Nottingham
NG1 5GX
www.experian.co.uk

Equifax
Consumer Advice Department
Consumer Response Centre
PO Box 3001
Glasgow
G81 2DT
www.equifax.co.uk

Callcredit
One Park Lane
Leeds
West Yorkshire
LS3 1EP
www.callcredit.co.uk

If you have any queries about getting incorrect information removed from your credit report then just ring up the credit reference agencies and they will be able to do this for you.

Please note that we don’t base our lending decision purely on your credit score. We take into account a number of different factors when determining whether to offer you credit or not.

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