Tag Archives: experian experts

How you could avoid Identity Fraud

Scary Monster Halloween Hands Use Laptop Computer with Blank ScrOnce online identity fraudsters have enough of your personal details, they can apply for credit in your name and run up debts without you knowing.

The number of victims of fraud has increased by 63% over the last 5 years, based on cases dealt with by the Experian Victims of Fraud team. In fact, 7% people of UK adults say their personal details have been used to commit fraud.*

What you can do if you suspect identity fraud
A first step is to contact Action Fraud – the UK’s national fraud and internet crime reporting centre, then inform a credit reference agency, such as Experian, as they hold your credit report.

If you are concerned that one or other of your online accounts has been compromised, then it is worth changing your password(s) to a new one as soon as you are able, and try not to use the same passwords for different accounts, especially those with financial information.

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5 tips for an ‘ace’, money-saving Wimbledon visit

wimbledon-tennis-strawberries-300A visit to Wimbledon fortnight is, for many of us, a highlight of the British sporting summer, along with the Open and the British Grand Prix.

Most of the tickets for the Show Courts, of course, have long since been sold – that is, if they were ever on sale in the first place, as so many go to sponsors and guests.

Every year since 1924 there’s been a public ballot for advance tickets, as demand for tickets way outstrips supply around four times over. Even if you get a ticket, you can’t request the date or court – you have to accept what you’re given.

Read on for our five top tips for a money-saving day at SW19!

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Wedding guest: how much does it cost?

Being a wedding guest should be great fun, but for some of us the ‘wedding season’ can be a source of financial pressure and domestic strife.

In this week’s news, one wedding guest said on the Mumsnet forum she was left ‘utterly gobsmacked’ after being asked to ‘adjust’ the £100 cheque she’d sent, the bride and groom emailing her with the suggestion her gift wasn’t generous enough. The post has so far got over 1,000 replies, the vast majority in support.

An Experian survey* in August 2015 suggested that the rising cost of weddings can rock the boat for many couples, and not just for the bride and groom.
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Contactless payments are on the rise

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Have you made a contactless payment recently? Today? Contactless payments – a quick and simple way to pay for items of £30 and under – are changing the way we spend money.

You can touch your debit or credit card on the terminal, or your smartphone or tablet, or even your watch or a keyfob. No need for a PIN or a signature, all over in seconds.

And this method of payment is increasing rapidly, with Barclaycard research in late August finding that contactless spending had more than tripled in the past 12 months. Continue reading

A Bag Don’t Come For Free

platsic-bag-fruit-300Yes, it’s now 5p for a ‘free’ bag! As you may know, from Monday 5 October that’s how much it’s likely to cost you for a single-use carrier bag at the supermarket.

It’s been in force for some time in the rest of the UK, but a change in the law in England now means that any shop that employs over 250 people full-time nationwide has to charge 5p for one of those plastic carrier bags – the ones many of us take for granted we’ll be given free.  Smaller businesses won’t be obliged to do so, but will be encouraged to start their own system for charging for bags. Continue reading

First Time Buyers: 5 tips to check your credit history

Could your credit history prevent you from getting a mortgage? Experian research has found that more than a quarter of people in the UK looking to buy their first home before 2016 –  around 1.81 million people  – have missed credit repayments, defaulted accounts and CCJs currently listed on their credit report*. And all of these could prevent them from securing a mortgage.

Managing credit accounts such as credit cards, mobile phone contracts and even some utility services can be important in order to build and maintain a good credit rating.

So if you’re looking to get on the housing ladder, how can understanding your credit history prepare you for a mortgage application?  Here are our 5 top tips.    Continue reading

How Matt turned his credit rating around

Matt managed to turn his credit rating around a short space of time and now owns his own home – here he tells us how he took control of his credit history to achieve what he wanted.

After running up huge balances on credit cards, mobile phone bills and being hit charges through missing payments, Matt found that it seriously affected his chances of getting a first mortgage.

Checking his Experian Credit Report and Score allowed him to see how he could sort out his finances and ultimately help him get that first home.

Now much more money-savvy, he works for TopCashback and is dedicated to helping people get deals that could help them save money.

You can also check out Becci’s story of how she is using the Experian Credit Report and Score to help her save towards a mortgage here.

Helping children better understand the value of money

Although financial education became a compulsory part of the secondary-school curriculum in England in 2014, some pupils are still missing out, particularly in primary schools.

Research commissioned by Money Advice Service shows that by the age of seven children have developed their attitudes and values towards money, which are likely to stay with them for life.

Watch our new Credit Café video below, where we discuss financial education in primary schools

Indeed, children are likely to get their first mobile phone by the age of eight and begin online shopping by the age of 10.  So we can see it’s increasingly important to help children better understand the value of money at the earliest opportunity.

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9 tips for buying a home with a partner

Buying a home with your partner or friends can be a much needed boost to get on the property ladder – helping to raise a bigger deposit and making your dream that extra bit more affordable.

Checking your Experian Credit Report can also help you see if and how you are financially linked. It can also help you understand if you need a little work to tidy up your credit history before a joint mortgage application is made. Here are some key tips we’ve put together to help you, if that’s what you’re about to do.

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