Credit Reports - Free Credit Reports
When you apply for credit the lending company needs to ensure you are a good candidate to lend their money to. They do this by searching your credit record. Your credit record contains the details of your borrowing history and current situation. Lending companies send records of your borrowings to the credit reporting agencies that keep your credit records.
View your credit Report:
Your credit record will have details of defaults on payments aswell as current credit facilities including but not limited to loans, mortgages and credit cards.
Different lending companies use different credit reporting agencies. There are a number of main credit reporting agencies for both US and UK borrowers. The main reporting agancies are Equifax, Experian, and TransUnion. Different companies use different agencies so the information may be different from agency to agency.
UK residents need only pay approx £2 to get a Statutory Credit Report. You do not get a Free Credit Report but it is a nominal fee. This report is paper based and sent out whithin 7 days of payment to the relevant agency. You also have the option to obtain our credit report online. This can allow for immediate access to enable you to get the information you need fast which can be useful if you are trying to obtain a major credit facility or just need the convenience. The online reports have extra detail aimed at helping you determine what the report means. You should check with the site you obtain your report from as to what help you will get. The Statutory Report offers the features they are obliged to by law under the UK Data Pr