Are you registered to vote in the UK? Yesterday Prime Minister Theresa May announced a General Election to take place on 8 June. To be eligible to vote, it’s likely you’ll need to register by midnight Monday 22 May. And did you know that being on the Electoral Roll could also help improve your credit score?
Here are five things you should know about registering to vote:
1. How registering to vote could help improve your credit score. It’s important that your credit report includes your Electoral Roll details, as lenders use this information to help confirm your name, address and where you’ve lived before. This info usually has to be up to date before they are willing to offer a mortgage, a loan or any other form of financial account.
2. How it could negatively affect you if you aren’t on the Electoral Roll. Not being registered could cause a delay when you apply for credit, while the lenders confirm your details some other way. With some lenders it can even hurt the credit score they give you, and some applications may even be turned down.
3. What to do if you move around a lot. If you are living at a temporary address, it’s also possible to use your parents’ address for things like the Electoral Roll and as a base for your credit agreements. This might even be safer, in terms of the risk of identity fraud, especially if your temporary address has shared access.
4. How long it takes. Once you’ve registered, it may take a little while for this information to appear on your credit report, as councils usually process updates to the Electoral Roll once a month and send the information to the credit reference agencies like Experian. These updates can also be suspended for a few months if a council does an ‘annual canvass’, where they carry out an audit of all households. If you register to vote for the first time or at a new address, your credit report should automatically be updated within around a month, but it could be worth checking with your local authority to make sure.
5. How to register to vote. You can register to vote, or update your name, address or other details on the electoral register at Gov.uk. If you would like to find out about elections in your area, visit Your Vote Matters and type in your home postcode.