A DECENT CREDIT report isn’t just nice to have, it can save you huge amounts of cash. The better your credit history, the better deals you’ll be able to access—from lower rates when remortgaging through to more time at 0% when transferring credit card balances.
In fact, your credit report is checked any time you want to borrow money, which includes getting an overdraft, switching energy and if you pay for insurance monthly. And any mistakes or missing data could result in your application getting rejected.
Fortunately, it’s really simple to check your reports, and it won’t cost you a penny. Here’s how to do it, plus a few simple steps you can take to help improve them.
The difference between credit scores and credit reports
Often you’ll hear these two terms used interchangeably, but they aren’t the same thing. Your credit report is the record of the times you’ve applied for credit, how much you owe and how you’ve paid off previous debts.
This is an important part of what lenders use when considering whether they want you as a customer. But it’s not the only factor. The details you put in your application can make a huge difference too, and they might already have their own data on you from previous accounts.
Denne historien er fra May 2021-utgaven av Reader's Digest UK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra May 2021-utgaven av Reader's Digest UK.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
EVERY SECOND COUNTS: TIPS TO WIN THE RACE AGAINST TIME
Do you want to save 1.5 seconds every day of your life? According to the dishwasher expert at the consumer organisation Choice, there’s no need to insert the dishwashing tablet into the compartment inside the door.
May Fiction
An escaped slave's perspective renews Huckleberry Finn and the seconds tick down to nuclear Armageddon in Miriam Sallon’s top literary picks this month
Wine Not
In a time of warning studies about alcohol consumption, Paola Westbeek looks at non-alcoholic wines, how they taste and if they pair with food
Train Booking Hacks
With the cost of train travel seemingly always rising, Andy Webb gives some tips to save on ticket prices
JOURNEY TO SALTEN, NORWAY, UNDER THE MIDNIGHT SUN
Here, far from the crowds, in opal clarity, from May to September, the sun knows no rest. As soon as it’s about to set, it rises again
My Britain: Cheltenham
A YEAR IN CHELTENHAM sees a jazz festival, a science festival, a classical music festival and a literature festival. Few towns with 120,000 residents can boast such a huge cultural output!
GET A GREEN(ER) THUMB
Whether you love digging in the dirt, planting seeds and reaping the bounty that bursts forth, or find the whole idea of gardening intimidating, this spring offers the promise of a fresh start.
Under The GRANDFLUENCE Suzi Grant
After working in TV and radio as an author and nutritionist, Suzi Grant started a blog alternativeageing.net) and an Instagram account alternativeageing). She talks to Ian Chaddock about positive ageing”
Sam Quek: If I Ruled The World
Sam Quek MBE is an Olympic gold medalwinning hockey player, team captain on A Question of Sport and host of podcast series Amazing Starts Here
Stand Tall, Ladies
Shorter men may be having their moment, but where are the tall women?