Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Free Credit Score UK: for Protection and Improvement of Credit Status

By Alice Marlen Subscribe to RSS | February 27th 2012 | Views:
loading
 
  



Credit score of an individual is the index which shows if the individual will be entertained by the creditors when he will submit application for loans, mortgages, credit cards etc. Credit score of an individual is derived from his credit report. Credit score is determined by several factors which include history of reimbursement of the borrower, total outstanding against his name, total length of his reimbursement tenure, his present financial status and credits he has secured so far through loans, mortgages, credit cards etc. The finance agencies maintain a scale with marks from 0 to 1000, as per FICO, to get the reading of the credit score. If credit score of a person goes above 600 marks, he can expect that his application will be approved. Terms and condition for the finance becomes favorable if his credit score is higher. This is why a person should secure free credit score UK.

Equifax, Trans Union and Experian are the most prominent financial bureaus which collect history of financial transactions of the individuals to create their credit report. A person has the right to have an access to his credit report. He has been given this right by the laws of the land and he can have an access once in a year for which he will not be asked to pay even a single cent. Free credit score UK is thus accessible for any British citizen.

It is, therefore, clear that the British people, thanks to free credit score UK, can decide when they should apply for finance or when they must do something so that their credit score remains healthy. Problems arise if there are mistakes in the credit report. This is why the borrowers must study their credit report seriously to find out if there are mistakes. Mistakes may occur if values from the documents of receipts or payments are wrongly entered during preparation of a credit report for a person. The wrong-doing will result into wrong reading in the credit score for a person who will, as a result of this, be deprived of finance in time.

When mistakes detected in the credit report of a person is brought to the notice of the financial bureaus, the latter would correct the errors and prepare a fresh credit report which will be free from mistakes. It is mandatory for the financial bureaus, in such case, to send the corrected copy of the credit report to the person concerned. They must also send a copy to the lending agencies which have been contacted by the person within the last one year. It may, again, happen that the corrected credit report does not have good health. The concerned person will have an option to improve his credit report as early as possible. Free credit score UK is of great importance for the people of Great Britain.

Alice Marlen - About Author:
Alice Marlen is author of Free Credit Report No Fee.For more Information about free credit report, credit report monitoring visit http://www.freecreditreportnofee.co.uk

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/finance-articles/free-credit-score-uk-for-protection-and-improvement-of-credit-status.htm

Related Finance Articles Subscribe to RSS

The importance of paying your credit card from Sears in time
Published by Alex Decosta on December 20th 2011 | Finance
One of the leading credit card companies, Sears has had a massive list of defectors based on its une...
 
Loan Calculator- What you require to recognize about a credit sum calculator
Published by Ian Foster on January 27th 2012 | Finance
Loan Calculator have lots of abundant websites on the internet that make available to their visits w...
 
Prepaid credit cards help you in rebuilding your imperfect credit
Published by John Cena on January 11th 2012 | Finance
Prepaid credit cards are same as other plastic cards and prove to be helpful people to refurnish the...
 
Unsecured loan information : Advantages for the all types of credit scorer
Published by Mark Fulton on April 12th 2012 | Finance
Unsecured loan Information are normally a personal loan and are ideal for individual who need money ...
 
Benefits of using business lines of credit
Published by Kemar Roach on June 12th 2012 | Finance
Small business line of credit is a kind of financing that is offered by a lot of business banks and ...
 
Regain your financial standing through credit counseling Houston
Published by James on March 31st 2012 | Finance
There are lots of people who fall into a debt for different reasons. Usually after falling into a de...
 
Getting settlement when it comes to credit card
Published by Rajkumar Kaushal on June 19th 2012 | Finance
Getting settlement when it comes to credit card is not very easy sometimes because of the details an...
 
Signature loans no credit check- Get fund with a simple signature!
Published by John Simen on April 9th 2012 | Finance
With the aid of signature loans no credit check, you can avail funds up to $15000 with your signatur...
 
License of subprime credit broker revoked by OFT
Published by Sandra Jeux on March 12th 2012 | Finance
The licenses of sub-prime broker Yes Loans and two associates, i.e., Blue Sky Personal Finance and M...
 
Top tips for money management and using a credit card
Published by Jesse Wallace on June 6th 2012 | Finance

Learning how to use your credit card effectively could help you balance and manage your debts....
 
Instant loans with bad credit: Cash facility with poor creditors
Published by Calvien Peter on December 5th 2011 | Finance
These finances are the best way to get the fast cash. Applicant can avail fast cash without pledging...
 
If you accept Visa and MasterCard you can get Bad credit small business loans
Published by Joseph Richard on April 4th 2012 | Finance
Despite it being a popular means of finance, there are several business operators who are unsure of ...
 
Procuring credit card in Australia had never been so easy
Published by John Matthew on December 27th 2011 | Finance
One of the best things that could have happened to the man in the present times was the easy availab...
 
Understanding Christian and credit card debt settlement organizations
Published by Julia Roger on December 14th 2011 | Finance
With increasing debts among the majority of the population, people have started to seek professional...
 
Where can I get the best rate credit cards - at the bank or online?
Published by Jesse Wallace on June 6th 2012 | Finance

Applying for a credit card online can sometimes offer better rates than in high street banks....
 
How to choose the balance transfer credit card offer?
Published by Alenpaul on January 19th 2012 | Finance
As many find themselves in debt with certain credit cards, and trying to renew their card ability th...
 
How can i get dependable credit card debt advice and exactly how could it benefit me?
Published by on March 27th 2012 | Finance
Credit card debt advice is a program provided by debt companies to help those people who are battlin...
 
Bad credit loans no fees: Shake Hands with Cash Crunches with Smile
Published by Cameron White on December 13th 2011 | Finance
Bad credit loans no fees are always ready to shake hands with poor creditors to let them feel comfor...
 
Merchant Account processing type Merchant debit and Merchant credit card processing
Published by Eric Hannelius on January 18th 2012 | Finance
When you are doing the business your main focus is onto customers’ service provided to them so tha...
 
Bad credit debt consolidation UK
Published by Fresh Finance on January 19th 2012 | Finance
The debt consolidation entails taking out one mortgage to pay off many others. This is done to prote...