Keeping a close eye on our personal credit information is important
We spend much of our lives online, but it’s important that this doesn’t give us a false sense of security.
It doesn’t take much to get hold of enough information to steal your identity. A stray envelope, an old catalogue, a bank statement or the contents of your wallet provide vital information that a criminal can use to pose as you and commit identity fraud, by borrowing money and potentially running up debts in your name.
That’s why keeping a close eye on our personal credit information is so important.
Let your credit report help you beat debt worries
Money worries can keep us awake at night. Research by the Debt Advisory Centre shows that one in eight UK adults worry constantly about what they owe and a further one in five are often concerned about their debts.
Moreover, more than half those with money worries said their financial situation gives them sleepless nights. Many also thought the stress has been affecting their relationships and their health. Just 6.5 per cent of borrowers were unconcerned about what they owed.
On my report my HSBC account is defaulted and this is incorrect – what should I do? It should be changed to ‘satisfied’. I believe this information is preventing me from opening a bank account anywhere.
Online registration asks for many personal details and debit card details before registration is confirmed by email. How is this secure? How do I know that a fraudster hasn’t set up a spoof Experian website to capture this personal data?
Since March 2009 the Bank of England rate has stood at a record low of 0.5%, having been at 4.5% only five months earlier in October 2008.
Do you know how a rise in interest rates might affect you? Experian went on to the streets of Britain to ask for some thoughts.
Remortgaging your home can be for a variety of reasons
Remortgaging your home can be for a variety of reasons. When you remortgage you either take out a new loan with your existing lender or with another provider – paying off your old mortgage with the money you receive.
Find a better rate
Many homeowners on an introductory low fixed or discounted variable rate may find that once that comes to an end, their interest rate and mortgage payments may well go up. This could be a good time to check out whether you can remortgage and get a lower rate elsewhere.