Once 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.
A 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!
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.
It’s become quite common nowadays to switch credit cards in order to get 0% purchase deals or balance transfers, but less so to change the current accounts we bank with.
In many cases, people are still with the banks they joined as students or even children.
If you haven’t switched for a few years there’s a chance you don’t have the best account for your needs.
Why change banks?
You might get a better deal with interest and charges, whether your account is usually in credit or overdrawn
Another bank may offer a bigger overdraft facility
There may be a local branch that offers a more personal service
The new account may offer some specific benefits that suit you, such as car breakdown cover, or a fee-free credit card for overseas spending
Customer service ratings can be a major factor
Special offers that offer an immediate financial benefit, such as vouchers or ‘cashback’
Current Account Switch Service The Current Account Switch Service was set up in 2013 to allow people to move their bank or building society account to another one, for free, in a more simple way, taking just seven working days and helping organise redirections, payments in and out and so on. Continue reading →
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.
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.
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 yourExperian Credit Reportcan 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.