Careers with Exchange Enterprises
|
Buy New and Used Cars OnlineWe have 113,072 new and used motors to buy |
|
|
|
Buy New and Used Cars OnlineWe have 113,072 new and used motors to buy |
|
If you're looking at buying a car, you’ll be thinking about or looking at car finance. Did you know that when you apply for a car finance loan, the loan provider searches your credit report? It’s essential to check your credit report as inaccurate or out of date information may lead to your application being rejected.
What is a credit report?
How does my credit report affect me?
Your credit report is compiled by credit reference agencies using information from two main sources:
The Public Record: e.g. electoral roll information, court judgments, individual voluntary arrangements and bankruptcies
Information provided by lenders and financial institutions: e.g. credit accounts, credit applications and financial associations
The contents of your personal credit report can have a bearing on whether or not you are given credit. Factors other than the information held on a credit report may contribute to a lending decision as well (such as the information you provide on your application form), but your credit report is important.
You have the right to view the information contained in your credit report to make sure it is accurate. If errors are found, you are entitled to apply to have them corrected.
Having the ability to view and challenge your credit report is important. In addition to providing the basis for a lending decision, your credit rating may also affect the interest rate you are offered by lenders, which could lead to more costly borrowing.
To view your personal credit information that lenders are currently basing their credit decisions on, apply online for a credit report from Experian, the UK's largest credit reference agency, now. You will also receive a 30-day free trial to the CreditExpert Monitoring Service from Experian.
Click here for a free 30-day trial and a free copy of your Experian credit report
TopHow does my credit report affect me?
The contents of your personal credit report can have a bearing on whether or not you are given credit. Factors other than the information held on a credit report may contribute to a lending decision as well (such as the information you provide on your application form), but your credit report is important.
Your credit report can affect:
It's important to be aware that different companies use different methods when they are deciding whether or not to give you credit. You do not have a single credit score and credit scores are not shown on your credit report.
Get it right!
As the information held by credit reference agencies is used to determine what credit you can obtain, it is important those details are right. To view your personal credit information that lenders are currently basing their credit decisions on, apply online for a credit report from Experian, the UK's largest credit reference agency, now. You will also receive a 30-day free trial to the CreditExpert Monitoring Service from Experian.
Click here for a free 30-day trial and a free copy of your Experian credit report
Top
