Main-stream UK lenders have an interest in credit applicants’ economic histories, simply because they want their clients to pay for them right back on time. The higher assurance you are able to offer that you’re a safe investment, the much more likely a bank or building society would be to approve your application for the loan. One of many tools readily available for making your situation can be your individual credit report, which shines a light on your own previous performance handling bank card balances and loan payment.
Have you paid your bills on time and utilized credit responsibly? Or perhaps is your credit score chequered with belated re payments and periodic missteps that are monetary? Background credit checks carried out throughout the loan approval process answer these and other questions regarding your history that is financial with a credit “score” assigned by credit guide agencies. (more…)