Credit Files Explained
Credit Files Explained
Your credit score is crucial in determining your eligibility for a mortgage. The issue for consumers is that there are 4 different credit reference agencies in the UK, who may hold different information on you. Even better (or not) is that not every lender will check every credit reference agency. Every credit reference agency will generate a score for you, based on the information they hold. These scores may all be contrasting as they will interpret your information differently. Whilst the scores are a good indication on your credit worthiness, it can be confusing, as if it’s not confusing enough already.
To simplify the process completely, we have partnered up with checkmyfile, one of the UK's leading credit report services. They will give you a better understanding, and a clearer overview of your credit, and what effects your score, by pulling data from all 4 credit reference agencies.
Seven Reasons why we recommend checkmyfile:
- See your data from 4 Credit Reference Agencies, not just 1
- Get an independent view with your checkmyfile Credit Score
- FREE Identity Fraud Assistance if you fall victim
- Really easy to cancel - by Freephone or even online
- They guarantee never to sell your personal data
- See who's searching you, and why
- Understand your financial footprint, before applying for a mortgage or any credit for that matter
Don't forget, First For Futures has access to over 90 different lenders and around 12,000 different products. Get in touch today via phone, or any of our social channels to see how we can help you today. We never charge upfront fees.
Call us on 0330 133 0890
Experts in Mortgage & Protection Advice, our speciality is helping people move. Whether you're moving the family home, or buying your first, our job is to make the home buying process simpler, easier and quicker.
With access to over 90 lenders and around 12,000 products, you can be safe in the knowledge that you're in good hands.
We can help all types of clients also. Wether you're employed, self employed, a contractor or had financial difficulty in the past, leave it to us. Just about the only thing we can't help with is packing boxes on moving day!
We charge no upfront fee, so what have you got to lose? Call a specialist now on 0330 133 0890.
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.