Every time you apply for a credit card, loan, finance or a mortgage your credit history will be checked. This gives the lender information from which they decide whether they feel you are likely to make your repayments and so whether or not to provide you with the funds you have requested. There are many ways in which you can have inadvertently damaged your credit rating and so it is advisable to gain a copy of your credit report if you are considering a mortgage or large loan to ensure you don?t receive any unpleasant surprises.
There are three main companies in the UK who hold information regarding your credit history. These are Equifax, Experian and TransUnion. Unfortunately, they all hold different information and you will not know which of these companies wi View the rest of this article
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