Post in other people’s names It’s great to come home and find letters waiting for you on your doorstep but when the letters turn out to be for a previous resident or even someone that has never lived at your address it can be frustrating. If it’s a demand for payment it can also be understandably worrying.
The good news is that as long as you have no financial connection to the individual (such as joint account) then their information will not affect your credit report in anyway.
This is because all credit checks are done by name, and not address, so lenders won’t see or use information relating to the other person when checking your report.
The best thing to do is to return the letter unopened to the sender clearly marked as “not at this address”. The lender should then look for their customer elsewhere.
Sadly we can’t prevent a person from using an address to apply for credit, or stop lenders from contacting their customers at an address, but by regularly returning the post the lender will stop trying to contact them. Continue reading →
What kind of financial future is in store for us when we’re older? With house prices higher than ever and the cost of living making putting away savings a real challenge for many, there is plenty that may make some feel the glass is half-empty rather than half-full.
Almost half (44%) the people asked in a new Experian survey of over-55s say they are concerned about their financial future, with over half (56%) worrying about not having enough savings and (55%) not having disposable income. In fact, 40% have concerns over high monthly bills.
Video: Money through the generations – the future of money
Did you know the Chinese New Year takes place on Monday 8 February? The 12 cycles of the Chinese Zodiac calendar are of course represented by animals, and this year it’s the Year of the Monkey.
Among several traditions surrounding Chinese New Year, one is to pay all your debts. This is because there is a belief held by some that if you don’t pay off debts ahead of the New Year, then you might find that you’ll end the year in similar shape.
One place to start dealing with debt is to check what’s on your credit report. Continue reading →