Check your Credit File to Stand the Best Chance of Qualifying for 0% Credit Deals this Christmas
(PRWEB UK) 8 November 2013 -- With the festive season fast approaching, leading online credit information provider, Equifax, is urging individuals to check their credit file so that they can make the most of the best financial deals.
“Many people will look into interest free credit cards and 0% balance transfer deals to help manage their Christmas spending”, explained Neil Munroe, External Affairs Director, Equifax. “But, we’re keen to ensure that consumers understand the role their credit information will play in that process.
“First and foremost, it’s vital to check that your credit file shows your up to date circumstances – including your current address as recorded on the electoral roll.” continued Neil Munroe. “Not being registered on the electoral roll at their current address can be the first stumbling block for someone applying for new credit. Lenders want to be sure that they are extending credit to the right individual and verifying a person’s address is integral to that process."
Checking that information about credit agreements is correct is also worth doing because lenders will be concerned about any sign of over-borrowing.
Equifax is also urging consumers to bear in mind the implications of taking out credit at Christmas, and how this can affect their finances into the New Year. “Consumers need to make sure they keep up to date with their credit repayments and think about how this will affect them after the Christmas period,” added Neil Munroe. “Individuals need to bear in mind how long it might take them to pay off their spending and remember to pay off the outstanding interest on the credit cards that they are making the balance transfer from. This will ensure they do not start the New Year with a financial hangover.”
Equifax advises that consumers should regularly check their credit file as part of good financial management. This way they can review their credit score and take steps to ensure they can secure the best deals for credit on a variety of goods and services, from credit and store cards to energy and mobile phone services.
The Equifax Credit Score including the Equifax Credit Report is accessible for 30 days free simply by logging onto our website. If customers do not cancel before the end of the 30 Day Free Trial, the service will continue at £14.95 per month, giving them unlimited online access to their credit information and weekly alerts on any changes to their credit file. It also includes an online dispute facility to help them correct any errors on their credit file simply and quickly.
Clare Watson | Nakhalar Sterling | Wendy Harrison | Cecile Stearn | Ed McCambridge, Equifax, http://www.equifax.co.uk/, +44 20 8977 9132, [email protected]
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