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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

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 information

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. agency 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. consolidation debt solution

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. california consolidation debt

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. consolidation debt loan uk

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. consolidation debt equity home

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 government

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. consolidation debt firm

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. consolidation debt financing

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 consumer credit

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 free quote

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. card consolidation counseling

checkmyfile.com offers the most exhaustive credit check and presents it in a very comprehensive way. The Times consolidation debt lender

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Thawte secure site - click to verify Back to top About us checkmyfile is the UK leading supplier of personal credit reports to consumers.

In March 2000, we were the first company in the UK to give consumers online access to credit reports. We were the first in the world to provide consumers with access to personal credit scores and credit ratings. Founded in 1999, Credit Reporting Agency Limited is a privately owned company, funded independently without reliance on any institution and with no link to any government agency. Full independence enables us to give impartial, unbiased and objective advice, helping you to take control of the information held about you. Currently, we have over 1.3 million registered customers. business consolidation debt

We were the first to use credit scoring as a tool to help consumers find lenders matched to their credit ratings, helping consumers to find cheaper credit more easily and to reduce the risks of being declined. advice consolidation debt

checkmyfile is a trade mark of Credit Reporting Agency Limited, a private company registered in England, company number 3719598. Our registered office is at 13 High Cross, Truro, Cornwall, TR1 2AJ. Credit Reporting Agency Limited is a fully registered credit reference agency, notified with the Office of the Information Commissioner under the Data Protection Act 1998 and registered with the Office of Fair Trading under the Consumer Credit Act 1974. Our terms and conditions were originally approved by the Consumers Association under the Which Webtrader Scheme which checkmyfile operated under throughout the term of that scheme. consolidation debt interest

Our VAT number is GB 738 731 215. consolidation debt refinance

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In March 2000, we were the first to provide credit reports online to UK consumers - three years before any other company. consolidation debt plan

With over 1.3 million customers and helping tens of thousands of people every day, we help people to understand the information held about them. Privately owned, we are totally independent and are UK market leaders. Copyright | Terms conditions | Advertise | Press pack | Become an affiliate | Privacy practices | Free surveys | Careers consolidation debt personal

• We give general advice on matters relating to credit and debt and in particular on how to fix errors found on credit files. We can give no warranty that our advice is always correct in every detail . You agree to take independent professional advice before acting on any of the remedies mentioned in our Debt Advice Centre, which you acknowldedge are intended as a general guide to the options available to you. We can give no warranty that errors will be successfully removed from your credit files, as we may not know all the facts and amendments to information databases are always at the discretion of the ultimate owner, and not us. consolidation debt management

• We provide credit scores with some credit reports. The method of calculation of credit scores is a commercial secret and is not disclosed. We make no warranty and take no responsibility for the accuracy, relevance or otherwise of credit scores. Subject to the exclusions and limitations set out in clause 9 above, you agree not to hold us liable for any losses or damages you may incur either directly or indirectly from the use of credit scores supplied by us. consolidation debt secured

• In the event of any dispute between us regarding the interpretation of these terms and conditions or the rights and obligations of either of us, as an alternative to any right you may have to take legal proceedings in England, you may choose to submit the dispute either to the arbitration of two parties (one selected by you and one selected by us) or to a mutually agreed umpire in accordance with the Arbitration Act 1996 or any subsequent amendment to that law. consolidation debt florida

• In the event that you do not pay us for any reason, including the failure by your bank to pay a standing order, or cheque issued to us, or the action of you charging back a credit card or debit card transaction for any reason, you agree that we may record details at a credit reference agency (which may or may not include us, as we are a registered credit reference agency ourselves) together with your name and address and date of birth details, so that we and other organisations who search that credit reference agency may use such information for the purposes of payment risk assessment, money laundering and fraud prevention. The sharing of information in this way helps to reduce bad debts and credit fraud. canada consolidation debt loan

• You acknowledge that we may be required to reveal information about you or your credit files under compulsion of law or by a Court Order. In all other cases we shall keep your information confidential unless you agree otherwise. consolidation debt nonprofit

• Refund policy For the reasons given in clause 2, payments made for online services, such as our Single Agency Report, Triple Agency Reports (whether purchased singly or through the Unlimited Access service), are not refundable. Triple Agency Reports If you purchase a single Triple Agency Report and we are unable to obtain a successful search from an agency, we will refund you automatically with .65 per unsuccessful search. If we are unable to obtain a successful search from all three agencies, we will refund you in full. Refunds will be made direct to your card automatically. consolidation debt reduction

Unlimited Access If you purchase our Unlimited Access service, we will continue to try to resolve the reasons for unsuccessful searches during your subscription period. If we are unable to obtain a successful search from any agency after our attempts to resolve, we will refund you automatically with .98 per unsuccessful agency, or in full if we are unable to obtain a successful search from all three agencies. In addition, you may cancel your subscription at any time after the first quarter, simply by emailing us. Once you cancel, no further credit reports will be made available to you. To keep things simple, there is no refund for any unutilised portion of any quarterly subscription period. If you have taken an annual subscription we will refund you for each full month remaining in your subscription period up to a maximum of 0. calculator card consolidation

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