Lenders will often use the electoral roll information on your credit reportto help confirm your ID when you apply for credit. If you are not registered they may ask for further documents or even turn down an application completely.
Signs that you might be ready for financial independence Sometimes it’s just about being able to rein yourself in when you really, really want to splash out on something you don’t need and can’t really afford, like a luxury item you know you can do without, or a pretty framed picture you’ll have forgotten about minutes after you’ve left the shop. Continue reading →
Now that the Chancellor has announced his first Budget since May’s General Election, a few things have become clear. And many of us are likely to be affected in different ways, from income tax to benefits, from housing to savings.
Some of the headlines from Summer Budget 2015 were:
Inheritance Tax From 2017, couples can expect to see their inheritance tax threshold increase to £1 million, from the previous £650,000. It comes as part of a new ‘family home allowance’ of £175,000 added to the present £325,000 tax-free allowance, which means that if you die and leave assets worth up to £500,000, your estate won’t be charged any inheritance tax. Continue reading →
Are you one of the many homeowners that might be affected by a rise in your mortgage rate?
It’s been a long time coming, but after almost six years many experts believe an interest rate rise is coming some time soon. Since March 2009 the Bank of England rate has stood at a record low of 0.5%, having been as high as 4.5% just five months earlier in October 2008.
The last thing you want, when you’re making an application for credit, is for your application to hit the buffers because there may have been some inaccurate or out-of-date information on your credit report.
In this video, Joanne from Experian talks about what you can do if you spot errors or mistakes in your credit report.
You can watch more credit questions answered by Experian’s Experts here: