The consumer champion examined that there is no definitive 'credit score' in the UK, but Experian, Equifax and TransUnion are the three firms which provide access to your credit report
Martin Lewis has offered crucial advice for those looking to enhance their credit-worthiness ahead of Christmas, particularly if they're considering taking out a loan or applying for a mortgage in the new year. The consumer advocate clarified there isn't a definitive 'credit score' in the UK, but Experian, Equifax and TransUnion are the three firms which provide access to your credit report.
Martin informed viewers that consistent answers are required on every application, including your job title and mobile number. He explained there are two reasons for this, the first being "lenders like evidence of stability" and inconsistent answers can trigger "fraud scoring".
He further advised that excessive applications could lead to more rejections due to the volume of searches on your credit file. Emphasising the benefits of using an eligibility checker, Martin explained that it helps you "hone in" on the card you're most likely to be approved for. Additionally, he shared his top 10 tips for enhancing your credit-worthiness.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martin Lewis' MSE warns 'best act quick' ahead of ChristmasThere are now less than seven weeks until Christmas
Read more »
THIS is the weekend to buy cheap Baileys for Christmas says Martin Lewis’ MSEIf you want to get a great price on your festive Baileys, you'll need to be quick as two major supermarket's £10 deals are ending VERY soon
Read more »
Martin Lewis MSE warns 'best act quick' with your Christmas shoppingMartin Lewis's website Money Saving Expert shares thing to think about before booking your festive supermarket delivery slot.
Read more »
Martin Lewis' MSE says every home with solar panels handed £740 boostMartin Lewis' MSE says solar panels can pay themselves back in just a few years.
Read more »
Martin Lewis's MSE issues warning for anyone with a Tesco ClubcardMoney Saving Expert has given a warning to shoppers looking to use their Tesco Clubcard vouchers, as £18,000,000 worth go out of date soon.
Read more »
Martin Lewis' MSE issues warning to Tesco Clubcard shoppersMore than £18 million Tesco Clubcard vouchers are set to expire soon, they warned
Read more »