Citizens of United Kingdom have the right to access to their credit report free of cost. Employers receive from the job-seeker application. Clive Holmes insists that this is the case. Landlords are approached by the non-homeowners for a home on rent. The lending agencies receive loan application from a borrower. All of them, employers and landlords, and calendar, look for the credit report of the ultra-delicate.
Credit score of the applicant is calculated from the input of the credit report. They, usually, reject the application of the persons who have poor credit score. because it indicates that these persons are not responsible in their repayment behavior. Credit: Clive R Holmes -2011. What, then, the persons applying for employment or finance should do? This is why there is provision of free credit UK. Credit report of the people is prepared by different Finance Bureau of of which Equifax, Experian and Trans Union are very prominent. Credit report includes records of financial transactions done by the individuals.
Records of financial transactions suggest information about the receipts and payments of the individual and about the names plus address of the lenders and borrowers of the. Free credit UK suggests that individuals can obtain their credit report free of cost. Yes, there is legal provision in this regard. A person can access to his credit report. In one year he can enjoy this right at least for once. What he would do with his credit report? He should go through the credit report between the lines and should note if there are mistakes in the credit report. Credit report of a person which contains errors will produce wrong reading for his credit score. His credit score may be poor because of the errors noticed in the credit report. He should immediately tell the employees of the Bureau to get the errors removed. It is possible that the corrected credit report would show that his credit score is good enough not to embarrass him with outright rejection by the finance provider or by the employers. The Finance Bureau of are legally bound to send a copy of the rectified credit report to his address and to the addresses of the finance provider whom he has approached for the last one year. Free credit UK is important for more reasons. If creditworthiness of the person is no good enough and if he finds no error in the credit report, he gets a chance to take measures to improve his credit score.