Tag Archives: creditmatcher

Can switching accounts save you money?

Moving into a new home can be a great opportunity to check whether you’re getting the best deals from the bills you pay, whether that’s energy, broadband or credit cards.

Often, once an introductory deal is over many people allow their contracts to roll on to higher rates without even realising it – so they end up paying more each month for the same thing.

So now may be a good time to compare deals to make sure you’ve got one that suits you, and Experian can help you every step of the way.

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We are a credit broker not a lender, working with selected lenders.†

Switching energy providers could save you money

Did you know switching utilities could save you over £200 a year? Loyalty can often mean you’ll end up paying more – from October to December 2016, UK households spent £3.61 per day on water, electricity and gas, a rise of 11% on the previous quarter.

In fact, domestic utility switches were up 25% in the 12 months ending February 2017, and there’s no shortage of account providers and suppliers looking to attract new customers.

March 2017 Office of Gas and Electricity Markets (OFGEM) figures suggest there is as much as a £250 difference between the cheapest deals and the average standard variable tariff. Tariffs are changing frequently, with companies trying to get customers from their rivals and maintain their loyalty.

How to compare energy providers

Find a benchmark, and check as many companies as necessary before you find the one that gives you the best deal to suit your needs.

Look into customer service as well as price – you might see a low tariff in the compare charts, but then find out that comments on the forums suggest that the provider has a poor reputation.

It’s worth remembering that energy prices differ around the UK so the cheapest provider could change when you move home.  Reviewing deals every six months can ensure you are on the cheapest deals to suit your needs.

Changing should take a matter of minutes – it’s all done for you and all you usually need is your postcode and your email address.

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Switching to a different credit card could save you money

When you buy a new house, you’ll probably want to furnish it straight away and transform it into your dream home.

If you want to use a credit card, make sure you read about the different types to get the right one for you.

0% purchase cards could help spread out costs, giving you more time to pay it off and make flexible monthly payments without having to pay interest. Balance transfer cards can help you move credit card debt to another card with a lower rate or no rate at all, typically for a small transfer fee.

If you switch to a credit card with a 0% offer, make sure you never miss the minimum monthly repayment as this can result in additional charges and could negatively affect your credit score. If you can, try to clear the balance by the time the offer period ends and the card reverts to a standard rate.

Get credit cards you’re eligible for

You can compare credit cards matched to your credit information, and find which deals you’re more likely to be accepted for, with Experian CreditMatcher and it won’t negatively impact your credit rating.

We are a credit broker not a lender, working with selected lenders.†

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Experian CreditMatcher also allows you to check your Experian Credit Score FREE forever, to help give you an idea of how lenders may view you. With Experian, you can feel financially prepared and confident in your new home.

†Experian acts as a credit broker and not a lender in the provision of its credit cards and personal, car finance and guarantor loans matching services, meaning it will show you products offered by lenders and other brokers.

Experian acts independently and although CreditMatcher shows products for a range of lenders and other brokers it does not cover the whole of the market, meaning other products may be available to you. CreditMatcher services are provided free however we will receive commission payments from lenders or brokers we introduce you to.

CreditMatcher is provided by Experian Ltd (Registered number 653331). Experian Ltd is authorised and regulated by the Financial Conduct Authority (firm reference number 738097). Experian Ltd is registered in England and Wales with registered office at The Sir John Peace Building, Experian Way, NG2 Business Park, Nottingham, NG80 1ZZ.

Copyright © 2017, Experian Ltd. All rights reserved.

Home improvement: can it pay off?

Is improving your home worth it

We’re a nation of DIY lovers, aren’t we? Home improvement can be a double winner, as not only can it make your house into a home, it could also make it a more profitable asset for you.

And a lot of us think that now. An amazing 91% of homeowners think their house value has increased since they bought it, and by an average of £33,125, according to recent research from Co-op Insurance.

The research also showed that homeowners believe that renovation and decorative works they’ve carried out has led to an average £14,900 increase in property value.

But doing your homework before starting, working out exactly how you’re going to pay for the improvements, is important too.

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Car finance: how to get the deals you want

Making memoriesDid you know that new car registrations are on the up? They were higher than ever in 2016, with over 2.6 million cars registered throughout the year.

And from 1 March, all new cars for the next six months now have the new 17 number plate. However, the forecast is not all rosy. The chief executive of the SMMT (Society of Motor Manufacturers & Traders), Mike Hawes, said on 5 January that he thought this may have been a peak, and that 2017 would see a 5% decline due to the weak pound and the effects of Brexit.

Car finance is one of the most common examples of how we pay for ‘large ticket’ items, and a good credit rating can be the difference between getting a good interest rate or not, or sometimes getting any deal at all.

What are your car finance options?

If you decide to borrow credit to buy a car, the marketplace is vast, with plenty of rate and payment options. It’s worth comparing different loans and methods of finance so you get the one that’s best suited to your needs.

How often do you use your credit card?

Credit cardsIn January we asked our Twitter audience how often they use your credit card, and over 3500 of you replied.*

Over half of those who responded (53%) said they use their credit card at least once a week – with over one in four (27%) saying they use it every day.  Just over one in five (21%) said they use it monthly, while just over one in four said ‘other’.

We also asked How much of your credit card balance do you pay off every month?**
41% said they pay off the full balance of the card , while 18% told us they make sure they pay the minimum payment. A further 29% said they pay only what they can afford.

Finally, we asked What’s your priority when deciding to switch or compare cards***.
43% told us that reducing the interest they pay was the biggest priority, while 32% said that it depended on which rewards and benefits were available.

A wide range of responses such as this could mean that different credit cards may suit different people.  Think about what you actually want a credit card for. Is it for doing the weekly shop? Making a large purchase?  Or paying off a current debt at a better rate? Continue reading

What you need to know about credit builder cards

For those who maybe haven’t got the credit history they’d like to have, the options for credit cards may be fewer.

But there are credit cards around which are aimed at helping you get your credit history back on track.

How do they work?

These no-frills cards are aimed at people who need to help build their credit history.  They often have low credit limits to start with and a high APR, but paying off the bill each month can help show lenders that you’re reliable.  Applying for too many cards at once can hurt your credit score even more, so it’s an idea to choose a credit card you’re more likely to get, and one that suits your needs best.

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Experian Credit Score is now FREE. FOREVER.

The cat’s out of the bag – for the first time, the UK’s most trusted credit score* is now free, for everyone**, forever.

That’s right – the Experian Credit Score, which shows you how lenders may view you, and can be a useful thing to know when you are thinking of applying for credit.

To get your Experian Credit Score FREE forever, sign up to our new CreditMatchera free independent service that helps you compare credit deals you’re more likely to get, based on your credit information.  We are a credit broker not a lender, working with selected lenders†.

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6 last-minute holiday money-saving tips

Did you know that this is the week there are the most online searches for holiday money?

According to Google Trends*, in 2015 there were 100,000 online searches for holiday money in the week ending 4 July, higher than at any other time in the year.

Before you go on holiday this summer, it’s worth remembering that there are many ways you could cut costs before you’ve even touched down.

  • Waiting until you get to the airport to make essential purchases makes you a captive customer – you’ve literally got nowhere else to go, so you’re likely to pay a premium for exchange rate and small items. So get your pounds to euro, pounds to dollar sorted out in advance, get your sun cream & toothpaste from pound shops, and book your airport parking as soon as you know your flight times – and you might save a packet.

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Save your energy and stay in credit

We all want to cut our energy bills...

We all want to cut our energy bills…

With some research suggesting that energy prices are rising up to eight times faster than average weekly earnings, many of us need all the help we can get to cut down our bills.

Get smart – Smart meters send readings directly to your supplier, which means you won’t have to keep providing estimated bills (and the possibility of unexpectedly huge bills at a later date!).

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