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How To Check Your Credit Report – Best Options Available And Why You Need Too Before You Get A Loan!

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If you are looking to get a loan or just get your finances in shape, then being able to check your credit report is something that will definitely help. You will normally find this will be of interest if you are interested in getting a loan or a mortgage, essentially any time you borrow money will find that if you check your credit report it will give you a good idea of what will be available to you.

The good news is that you do not have to spend a lot of money, or any money at all if you want to be able to check your credit report.

We are going to provide you with some options if you want to be able to check your credit report that will help you do this quickly and easily.

Why You Need To Check?

The main reason that you will want to check is because the agencies we are going to recommend checking from a commonly used to check history when you apply for a loan. So, for instance, if you are going to borrow some money the lender might get some information from these credit reference agencies.

The other reason is that even the slightest thing that you might not think will affect your credit score can bring up flags. So, it will give you a really good idea as to your credit score health and how other people see you in regard to lending confidence.

The other benefit for doing this is there are steps that you can take to start boosting your credit score. This will not be overnight, but it will give you a great chance at being able to increase your score and have more borrowing power.

If you ever find that you are unable to get credit, if you find that you are looking for bad credit loans then this can definitely help you get back on track.

Once you check your credit score you will also be able to see any other information that is no longer valid, whether this is information on old store cards that you do not use, old addresses on file and even defaults on your account. You will be able to see them all and you will also know that other credit agencies can see them.

Before You Begin:

Before you get started, bear in mind that most credit report agencies will formulate their own score. So, for instance if you are getting your credit report from Experian, the Experian credit score that you get is based on their own criteria. This is important to use as a guide and it is also well worth remembering that it means depending on who you are borrowing from might have different criteria. So, this essentially means if you have a very good credit score on Experian, the chances of you being able to borrow money are far higher.

It does not mean that you are guaranteed, and the individual lender will always have criteria that they need to match that may be different to Experian.

How To Check Your Credit Score Today?

If you just want to get going and check your credit score and we highly recommend having a look at Experian.

The reason that we have picked this company is because they are the largest credit reference agency. You will also find that this is commonly used by lenders so it will give you more of an in-depth view into what they are seeing.

The benefit of this is of course that you will be able to work on your credit score and as you do you will see your borrowing strength improve. You will also know that the companies that you are looking to borrow from can see the same data as you.

Here are a few different ways that you can use Experian for free and paid:

Free Method:

You can head straight over to Experian and signup for a free account, this normally gives you access to Experian’s credit score which will allow you to see your score and your report. If you use the free version, you will be limited to just seeing your credit score, you will not be able to see in-depth details about your credit report.

This means that if you think there is something on your report that is influencing your lending strength you will not be able to see the details with the free account. However, you will be able to see your credit score and you will also be able to see how your score is influenced every thirty days.

CreditExpert:

The other option that they have is called the Experian Credit Expert and this will give you a thirty-day free trial and then you will find it is £14.99 a month. This service will allow you to get real-time access to your credit report, so you don’t have to wait for updates every thirty days. You will also be able to see an eligibility check and you can see what is influencing your borrowing strength on your report.

If you want to get a complete breakdown of exactly what is happening to influence your credit score, then this is a really great way of doing it.

Another option that you get with this is that you will be able to see recommended steps to boost your credit score.

Experian Boost:

There is also an option for Experian Boost and this claims to be able to boost your credit score, however this would just boost your credit score based on Experian’s criteria, so it is by no means a guaranteed way of being able to boost your credit score and obtain loans and mortgages from other companies.

You can click here if you want to check out Experian…

Final Thoughts:

There are a few other ways that you can get a free Experian account, you will sometimes find that it is offered as part of a credit card deal. So, you can shop around to find your best method of receiving your credit score.

You also have a few other options which are similar like:

Equifax:

You will find that this is another credit score agency that is used by lenders, it will also give you a different look at your credit score and they you something called the Clearscore.

Just like Experian, the score is based on criteria from the agency themselves, so when you are looking to lend money just bear in mind that he does not give you a guarantee of receiving your loan.

If you are having real problems borrowing money, for instance if you are trying to get a mortgage and you cannot work out why, then using the above services can really help and we recommend going for the thirty-day trial so you can see exactly what is going on and how you can boost your score.

Of course, certain things will influence your score negatively more than anything else such as:

Defaulted accounts.

Outstanding credit that is behind on payments.

Loans that have been taken out in quick succession.

We also advise on top of the above if you are really looking to get to grips with your finances that you have a look at your accounts and get a complete financial breakdown, you should know what is coming out your account and what is going in every month. You can also work out the difference to see how much money you have left.

This is well worth doing because depending on the amount you are borrowing it can be quite common for the lender to ask for this information.

We hope this is helped you get the information you need that will help you to get your credit check quickly and easily and see where you stand.