There is now a service called Repair My Credit File and it is available on this website now.
We always try to search the financial scene to try to find not only new products, but financial that are helpful and will be of interest to our clients.
Repair My Credit File service might be worth looking into
Open Resolution is a UK based Credit File correction company who are authorised and regulated by the Financial Conduct Authority.
Their goal is to help consumers improve their credit score by analysing their Credit Reports (supplied by the Credit Reference Agencies).
Research has shown that around 80% of consumers credit files contain inaccurate or incomplete information and this affects consumers ability to borrow money and take out contracts that are credit scored as they may be declined or pay higher rates of interest.
Their service will help you ensure you are getting the best possible deal available.
Why not take a look at the website to get more details and see if it is something you would like to avail of now. Full terms and conditions and what they are able to achieve can be viewed by clicking on the banner above.
Do you have a poor credit rating and you are looking to take out finance but you keep getting turned down? Are you saying to yourself ‘I need to repair my credit file if I want to be able to borrow the money I need, but how do I go about that?’. We hope to bring you some useful advice on how you can go about repairing your credit file and credit score.
When thinking about how to repair my credit file you need to know what your credit file is and why it is important when trying to apply for credit.
Your credit file and score are what potential lenders look to, to make a decision on whether to lend to you. The state of your credit file influences any decisions on getting a mortgage, credit card, loan or even a mobile phone contract and so it is very important you look to repair my credit file the best you can.
If your credit file is not in a good state it may be due to a number of reasons. You may have County Court Judgments (CCJ’s) against your name, made late repayments on other financial commitments, been made bankrupt, and also the more you apply for credit and get turned down it can leave a footprint on your file which all have a detrimental effect on your credit file.
Also the information on your credit file such as names, addresses etc. can influence how a potential lender views your financial situation. If you regularly change address or bank account or apply for credit regularly the more it will affect your credit file. Below we explain steps you can adopt to repair your credit file.
What you can do to repair your own file
There are several things you can do to repair my credit file. These are:
-Ensuring debts are in the correct name and address.
-Checking for any mistakes on your credit file that may need corrected.
-Register with the electoral roll at your own address.
-Do not continue applying frequently for credit if you may think you will be declined.
-Be sensible with your financial commitments, ensure you pay loans, mortgages on time and if you have a credit card ensure you pay it in full at the end of the month.
-Always approach your lender if you are struggling to keep up with your payments, they may be able to help you before things get out of control.
-Close any finance accounts that you do not use any more.
-If you have joint finance with someone else and you go your separate ways ensure you tell the lender.
The key things to adopt when trying to repair my credit file to be able to be accepted for credit is to provide a landline phone number instead of a mobile, look to stay in employment with the same employer is an advantage as well as living in the same address for a good length of time.
Also sticking with the same bank for a long period of time is preferred. These are all steps you can take to show the lender that you are financially and personally stable which can repair my credit file immensely.