Bankruptcy And Debts

Well over a million Britons face higher interest charges, or significantly reduce their chances of obtaining credit, simply because they are not signed up with their local Electoral Registration Office. consolidation debt mortgage

New research by credit information experts at checkmyfile.com has shown that 1.6 million* UK residents are not registered on the electoral roll. The electoral roll is used by lenders as one of the primary data sources for verifying the current residency and identity of consumers, when assessing credit applications. It is also used by credit reference agencies as the base record for credit files. consolidation debt help

The research compared the latest electoral roll statistics and population estimates, provided by the Office of National Statistics, and showed London, with more than half a million non-registered residents, as worst affected, followed by the South East and Yorkshire, with nearly 200, 000 and 150, 000 people not on the electoral roll, respectively. Nearly 150, 000 Scots, 200, 000 Northern Irish, and 40, 000 Welsh consumers have not registered with the electoral roll. consolidation credit debt

Previously the Electoral Commission estimated more than 3.7 million people across the UK failed to register to vote in 2000. This new research indicates that the figure may now be significantly less than six years ago, but never the less remains high. bill consolidation debt

Barry Stamp, Joint Managing Director of checkmyfile.com, the UK leading online provider of credit reports to consumers, says ost consumers are unaware of how important electoral roll registration is to their credit score the magic number that lenders use to determine whether a consumer credit application is acceptable, and increasingly, to decide what interest rate to charge. BR consolidation debt quote

ailing to register on the electoral roll can mean a lender cannot match a consumer with their credit file at the credit reference agencies. When that is the case, lenders will normally refuse an application rather than lend with no information to base a decision upon. Even when an applicant credit file can be traced, despite not being on the electoral roll, by reference to other lender records, their credit score is likely to be lower simply because the applicant is not registered on the electoral roll at the current address. Most lenders now grant credit using risk based analysis, and a lower credit score means a consumer can expect to be charged a higher rate of interest, he adds. consolidation debt lead

An analysis of the electoral roll non-registration otspots reveals the local authority areas worst affected tend to have a larger non-white population, or large military camps within their administrative border. They also, often, have a afe political environment, where one political party has held a parliamentary seat, without any competition, for some time. consolidation debt non profit

Compared to the national average of 3.47% of population not being registered on the electoral roll, the top 10 local authority hotspots are: Kensington and Chelsea 35.4% Westminster 34.4% Forest Heath 24.2% City of London 21.8% Hammersmith and Fulham 19.5% Camden 18.3% Kingston upon Thames 17.2% Richmond upon Thames 17.0% Preston 16.8% Islington 15.9% Or, if determined by the number of persons not registered, rather than percentage: consolidation debt loan online

Westminster 59, 501 Kensington and Chelsea 54, 016 Barnet 38, 017 Sheffield 34, 688 Camden 32, 353 Hammersmith and Fulham 28, 251 Newcastle upon Tyne 27, 068 Brent 26, 895 Bristol 26, 254 Leeds 24, 862 The credit reference agencies purchase the electoral roll annually from each of the 430 electoral registration offices across the UK. They update their version of the electoral roll within a few months of the October registration deadline and also purchase monthly updates from as many authorities as possible. consolidation debt home loan

ur advice to consumers who have not registered is to do so straight away adds Stamp. nce the information is passed to the credit reference agencies, a credit file will be significantly improved. More importantly, the prospects for getting credit at a reasonable price improve with up to date information. christian consolidation debt

*Checkmyfile.com research compared the latest local authority population estimates with the latest electoral roll registration statistics provided by the Office of National Statistics. The Times - heckmyfile.com offers the most exhaustive credit check and presents it in a very comprehensive way /i The Good Website Guide 2006 described checkmyfile.com as ery useful and informative. /i consolidation debt information

checkmyfile -credit check - Millions of Britons could face fines of up to, 500 if a national identity card scheme becomes law. Would you be one of them Email: Password: Password reminder Home Check your Credit Report Free Credit Score Find a Lender Debt Advice Centre Check your Postcode Free Identity Theft Check Millions of Britons could face fines of up to, 500 if a national identity card scheme becomes law. Would you be one of them

Millions of Britons could be stung by fines of up to, 500, if plans to make town hall officials olice the government proposed identity card scheme become law. A government consultation document has revealed ministers are considering imposing fines of up to, 500 for anybody who fails to register or keep their records up to date with a national identity card agency. Conservative e-government shadow minister, Oliver Heald, said local authorities could be made to investigate discrepancies between a new electronic electoral roll and the database to be used for the proposed ID card scheme. agency consolidation debt

his could mean that councils end up acting as the local olice for the ID card agency, and track down those who fail to inform the state of their new address or family circumstances, added Mr Heald. With more than 4 million UK residents believed to have failed to sign up with their local electoral registration office, the government could land a windfall of 0 billion in fines. The 2005 electoral roll has recently been updated by the credit reference agencies, which is used by the three companies to verify consumers identities. consolidation debt solution

You can check your details have been updated correctly by purchasing your credit files online @ checkmyfile.com. If you are not on the credit reference agencies version of the electoral roll, or a mistake has been made in your entry, you could be refused credit by lenders, or face the prospect of paying hundreds of pounds extra in higher interest rates. Editor s Note Launched in 2000, checkmyfile.com is the UK first Internet based credit reference agency, aimed firmly at serving consumers. checkmyfile.com is fully independent and was the first in the UK to provide consumers with online access to their credit files, to offer consumers the ability to check their own credit score for free and to give plain English explanations of how credit scoring works. With over 1.1m registered customers and visited by over 20, 000 unique new visitors every day, checkmyfile.com is ranked within the World top 50, 000 websites. california consolidation debt

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Identity Theft

Find out for FREE how to raise your defences against this fast growing crime using advice based on your lifestyle and where you live. consolidation debt government

checkmyfile -credit check - Don tell burglars how long they e got to strip your home Email: Password: Password reminder Home Check your Credit Report Free Credit Score Find a Lender Debt Advice Centre Check your Postcode Free Identity Theft Check Don tell burglars how long they e got to strip your home

With around 1 million Britons expected to escape to the winter sunshine this Christmas, credit information experts at checkmyfile.com are warning holidaymakers not to let their automatic email replies and answer phone messages give their plans away to criminals. consolidation debt firm

Barry Stamp, Joint Managing Director of checkmyfile.com, the UK leading online consumer credit reference agency, said as ut of office email and voicemail responses have become commonplace, many people are leaving themselves wide open to burglary. consolidation debt financing

ith so much unsolicited junk email being received, most automatic replies will reach total strangers, giving a window of opportunity to anybody intent on fraudulent activity. From some of the automated email responses we have seen, it is relatively easy for burglars to work out the exact location of empty properties using publicly available databases. BR consolidation consumer credit

e never fail to be shocked by the extent of information that automated responses give. These quite often divulge the exact absence period, sometimes the holiday destination and inadvertently disclose pieces of personal information, says Mr Stamp, author of dentity Theft - Prevention and Victim Assistance consolidation debt free quote

Goodman joined Experian to look at his credit record. Though most of the details had been removed, he was still linked with a fraudulent forwarding address that Experian cleared for him. Experian said: his should not have been the case. It could have affected him if he wanted to obtain credit. In some cases there could be multiple lenders involved, it said, so even if one agreed to remove details, details of other fraud could still be on record. card consolidation counseling

Halifax said its standard procedure is to remove all references to fraudulent activities. But it admits that on some occasions this does not happen. e aim to do our best, but there may be instances when things relating to the fraud are overlooked, it said. consolidation debt lender

Danny Harrison of the security firm CPP agrees it is good practice to check and notify credit reference agencies if you have been a fraud victim. hough many lenders will correct credit records, there is no guarantee this has been done unless you do it yourself, he said. calculator consolidation debt

If you have been denied credit, your lender should tell you whether your credit record was a relevant factor. It is worth finding out why your loan application has been turned down, rather than making repeated applications, as multiple attempts to get credit can damage your rating further you could end up paying more interest. best consolidation debt loan

Experian, Equifax and Callcredit charge for a copy of a file and it is a good idea to check each one as different lenders use different agencies and they don all hold the same information. If you spot an error, write to the credit-reference agency to ask it to remove or change the entry, explaining why it is wrong and sending any evidence. The agency has 28 days to act, and the entry is marked as isputed in the meantime, so any lender searching your file will know not to rely on that information. consolidation counseling

If the agency doesn amend your records, you have a legal right to send a otice of correction (up to 200 words), to be added to your file. Explain what you think is wrong, including mitigating circumstances. best consolidation debt

Many lenders recommend registering with Cifas, the UK fraud-prevention service. By doing so, lenders will seek extra information to make sure you are who you say. It costs 1.75 a year. If you are a victim of ID fraud, and the institutions involved are members of Cifas, your details are automatically registered. Cifas registers over 90% of lenders, including high-street banks. Cifas said the information does not determine your credit score and you will not be denied money based on a Cifas entry. But the additional checks mean you will not be able to obtain uick quotes online. best company consolidation

Lorna Brooks, 55, from Aber-deen, banks with NatWest. She had her ID stolen last November. Though the bank cleared her credit records, her Cifas entry meant she was turned down when she tried to sign up for a new mobile phone. consolidation debt lending

She had problems opening an Instant Saver account with the Post Office. t good that we are on the Cifas register but it was humiliating to be turned down in the mobile phone shop, she said. t takes longer to get credit clearance because of the checks. business consolidation debt

checkmyfile -credit check - Am I a victim of the credit crunch

I made my first application for a personal loan this week and was very annoyed to find I was almost immediately rejected. As someone who prides themselves on keeping their finances in good order, I ve always thought that I would have a pretty decent credit rating. I m not afraid to borrow when I need to yet my payment record with credit cards and mortgages has been good. And although I ve missed the odd card payment along the way usually because the bank has caught me out by moving the due date I ve always been back on track the next month. advice consolidation debt

I decided to investigate and headed to a website called checkmyfile.com, which lets you download your various credit reports on the spot for around a tenner. If you ve never done it before, I can highly recommend it it s a fascinating experience. consolidation debt interest

The first report I looked at was my public Experian file, which is available to landlords, employers and any other person who might want to get an idea about your credit worthiness, but who is not one of the major lenders. Alarmingly, this gave me a rather paltry score of 634 out of 1, 000, which is well below the average of 750. consolidation debt refinance

When I dug a bit deeper, I discovered that the main reason for my poor rating was simply that I hadn t had any new checks on my file over the past year. While I scored highly for being on the electoral roll, and not having any county court judgments, I was effectively being penalised because I had not made any applications for credit. consolidation debt finance

Fortunately, not many lenders make up their minds about their clients on the back of these rather flaky public reports. And my Equifax and Call Credit reports proved more enlightening. These can only be accessed by around 200 of the biggest lenders in the country, and have all manner of detail about your bank accounts, credit cards, relationships with utility providers and more. consolidation debt plan

On these reports, my score was up in the 800s which seemed much more realistic. But with a decent rating, why was I being turned down for a loan The truth is, it s impossible to know. Lenders are not obliged to tell you why they turn you down, and although your credit report may give you a clue, it s not always apparent. After a bit of ferreting around, I discovered that my ex-girlfriend who had a pretty awful credit record is still registered as someone I have a financial tie to. This, a credit expert told me, could well have been the reason I was knocked back. consolidation debt personal

The other, very plausible, option is that I have become one of the latest victims of the credit crunch. Although my credit rating is strong, there are, nevertheless, four missed payments across various credit cards over the past three years. As personal loan providers tighten their belts, and look to cherry pick the very best clients for their books, perhaps they decided that four indiscretions were simply too much for their liking. consolidation debt management

After I finished examining my credit report, I discovered a link on the same webpage suggesting some lenders who would be willing to lend to someone with my risk profile. Ironically, Alliance Leicester was top of the list, in spite of the fact that the Moneyback Bank an Alliance Leicester subsidiary had been the lender who knocked me back in the first place. consolidation debt secured

In the end, I didn t have too much trouble in finding someone else to take me on, but I learnt a valuable lesson. If you want to be assured of getting credit when you need it, especially in these tough times, you need to keep your record squeaky clean. The slightest indiscretion could be enough to put you in the reject pile. consolidation debt florida

checkmyfile -credit check - Absent parents face being made homeless and jobless by the Government plans to replace the CSA Email: Password: Password reminder Home Check your Credit Report Free Credit Score Find a Lender Debt Advice Centre Check your Postcode Free Identity Theft Check Absent parents face being made homeless and jobless by the Government plans to replace the CSA

Absent fathers face losing their job or becoming homeless under the Child Maintenance and Other Payments Bill, which has its second reading in Parliament tomorrow and advocates the naming and shaming of absent parents alongside the publication of Child Support Agency Liability Orders on credit files. canada consolidation debt loan

The potential for an absent parent to lose their job or become homeless comes on top of any potential for credit rejection. Innocent people also face having their credit file blighted, with potentially serious consequences warns checkmyfile, the UK leading online credit reference agency. Barry Stamp, joint managing director of checkmyfile says, ecause of the use of public credit files by landlords and employers it is very possible that absent fathers could be made homeless or lose their job if Child Support Liability Orders are added to credit files and viewed in a similar manner to county court judgments or decrees. consolidation debt nonprofit

he absent parent may well find that they lose their job or are refused a roof over their head. Some positions, such as those in financial services, are subject by law to a clean credit check, and most landlords conduct a credit file search on prospective tenants. Without a job, the prospects of the CSA successor making a successful claim against an absent parent are significantly reduced. consolidation debt reduction

his fate could also await innocent people who have no quarrel with the CSA successor through the incorrect publication of information with the credit reference agencies. BR Barry Stamp adds, ny person who has information published incorrectly, which can happen through confusion with a common name, or father and son living at the same address for example, or through a simple error, currently has the ability to seek compensation for any financial loss and stress caused by the error. That right is enshrined in the Data Protection Act 1998. BR calculator card consolidation

s the proposals currently stand, the naming and shaming will be subject to the consent of the former partner, so any claim for compensation will be directed both at the former partner and at the new replacement body for the CSA. I can see fertile ground for revenge wars between family members developing here, and taxpayer money being used to defend vexatious actions. BR consolidation debt unsecured

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