Tag Archives: experian experts

I’ve registered to vote – how long to update credit report?

By Neil Stone, Experian UK social support team

Thinking of applying for credit in the near future?  Then now is the time to make sure you are registered on the Electoral Roll!

Lenders will often use the electoral roll information on your credit report to 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.

Check credit report

So how long will it take after you have registered?
It will actually depend on the time of year.  From December to August local authorities publish a monthly register, known as a rolling register.

We get the rolling registers each month and update the information on reports as quickly as we can. Continue reading

Leaving the bank of mum and dad: the challenges

Young people are often keen to break away and get financially independent, but in doing so there are many financial responsibilities & challenges they might have to deal with.

With student loans and overdrafts taking years to pay off, just how long can young people realistically keep milking the Bank of Mum and Dad?

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

How could the Summer Budget affect you?

How will the Budget impact you?

How will the Budget impact you?

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

What January blues?

Start as you mean to go on

Start as you mean to go on

There’s a lot said about the January Blues: how it’s cold, dark, there’s no money in the pot and it’s the most miserable time of the year. So far, so typical.

But we think there’s actually a lot good about January, certainly in terms of taking control of your finances – check out our reasons why.

Continue reading

How prepared are you for an interest rate rise?

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 Centre for Economics and Business Research (CEBR) says that it could mean as much as £119 added to the average monthly mortgage payment across the country, with figures in the south-east much higher.

Do you know how an interest rate rise might affect you?  Watch this video to see what some people said when we went on to the streets to ask for some thoughts.

Continue reading

How to correct errors on a credit report – new video

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: