Credit Scoring Expert

Nowadays it’s becoming more common for employers to perform pre-employment credit checks on applicants. Many people have failed to secure some high profile vacant positions because of some unpleasing credit reports. The rate at which applicants are being rejected in various job posts is on the rise and the main reason is because of unsatisfactory credit reports. Let me give you this example. A certain financial company advertised a vacant position and they were looking for a highly qualified chief accountant to fill that position. A friend of mine applied for that position and he went to the interviews. On the interview day, he said ¾ of the applicants failed to pass the credit checks and they could not proceed to the next stage. I asked him, what do you mean. What has your credit score to do with finding employment. He said to me, such positions are tricky especially if they take someone with no financial discipline to be in control of the company’s finances. Employers undertake pre-employment credit checks especially if the position involves dealing with finances. So when doing the screening or vetting process, the employers want to understand the financial situation and behaviour of an applicant. This helps to prevent employee fraud within the company. Employers will check various things such as county court judgements, bankruptcies, voluntary arrangements, administration orders, decrees and the like. Employers prefer to see an excellent track record of managing your finances very well and one of the things they do is undertaking some pre-employment credit checks.
In the past, pre-employment credit checks were only carried out mostly by financial institutions and law firms, but nowadays it is quickly becoming a standard across several disciplines. Employers now want to firstly confirm your identity and details you provide them with those in your credit report to see if you are who you say you are. Your credit report is the only best way for them to check your financial discipline. Employers view applicants with large debts as a high risk. They fear such type of applicants might ruin their business through committing fraud, money laundering and the like.

Frequently check for accuracy in your credit report. Review all your credit reports from the three credit referencing agencies (Equifax, Experian, transunion)
Frequently check for errors and report any mistakes on your report. It is always worthy to check your report all the times to ensure accuracy and that everything is up to date. In the event that you notice an error, you should immediately speak to the credit provider which is responsible for the incorrect entry. It is also advisable to report that to the credit reference agency. It is of great importance to note that even minute errors like a mistyped or an incorrect address can make your credit application to be refused. So it highly recommended that you always check all your credit reports to ensure all your personal details are accurate
You should always make sure that you frequently check that your credit report is error free. You need to correct some errors, that is if they are any. The credit referencing agencies such as Experian, transunion, Equifax, might be holding incorrect information about you, so it would be for your own good to check if every detail they have concerning you is correct. This wrong information can harm your credit score. I have noticed that a lot of people just ignore checking their credit score especially people who are new to the UK. If you don’t agree with something appearing on your credit report, you can easily raise a dispute by navigating to the relevant information you would like your credit reference agency to investigate and then you select the “raise a dispute button”. Mistakes on your credit report can easily happen. If you notice any errors, such as incorrect account balances or late payments that you’ve made on time, dispute them with the credit reporting agencies. Providing proper documentation can help correct these errors and positively impact your credit score.
Monitoring all your credit reports from various credit referencing agencies also helps you identify signs of identity theft or unauthorized accounts. The information which credit referencing hold can be slightly different, so it’s worthy checking all the reports from all credit referencing agencies.

To those who have not yet registered to vote . Here is the advantage of being on the electoral role.

The UK electoral register is a list of names and addresses of everyone who is registered to vote in the UK. According to one of the credit referencing agencies, being present on the electoral register for more than 18 months at one address , that is your current address helps to improve your score. It is beneficial to register to vote at your current address. Lenders use the electoral register to help you confirm who you are and where you live. If lenders can’t find you on the electoral register, your application might be delayed, put aside or rejected. Lenders want each and every applicant to be on the electoral roll so that they can easily validate who they are dealing with. Being on the electoral roll is a best way in which your identity and home address can be confirmed.
Avoid changing or moving home a lot if you can. Lenders like to see stability in your circumstances. Changing where you stay frequently can make lenders think you could be having trouble paying your rentals and other bills. Lenders look for stability in all aspects. Your address together with other information allows the companies to identify you and link you with your financial behaviour. This can help prevent identity fraud as well as helping you get the credit you want. Lenders like to see that you are living at some sort of permanent residence and you are registered on the electoral role at that same address. Lenders use the electoral roll to confirm your proof of address. Being on the electoral roll helps to improve chances of securing credit and also at the same time preventing you from identity fraud.
Not being on the electoral roll is regarded as a most critical factor that negatively impacts your credit score the most. If you have not registered to vote, you can do this now by using this link, “https://www.gov.uk/register-to-vote” typing it in your browser or just searching for the website online.

Register to vote Get on the electoral register so you can vote in elections and referendums.

The first things to do when you arrive in the Uk.
Go and collect your BRP to your nearest post office.
Open a bank account
Register yourself with the nearest GP, this is good for you incase you might need some medical attention.
Register to vote at your home address on the Uk website.
Take a Sim on contract and don't miss payments. It's good to set a direct debit with your service provider.
Convert your licence to a british one, this has got some advantages especially when it comes to your car insurance rates.

Open your accounts with the UK's three credit referencing agencies which are Transunion, Equifax and Experian and closely monitor them.

This is a page where you will learn the importance of building an excellent credit profile . A lot of people especially the young ones as well as new arrivals, those who are new to the Uk, they don't take their credit scoring seriously and in the UK, it is very difficult to make it, if your credit scoring is messed up. Your credit scoring is the gateway to many favourable and countless opportunities for growth which include, but are not limited to personal loans, business loans, lower insurance rates, lower interest rates, higher credit limits, cellphone contracts without paying any deposit, favourable car finance deals, favourable mortgage deals , some particular jobs especially in legal and financial institutions require credit checks to be carried out on each and every applicant. This gives the employers an assurance that the hired applicant is capable of handling their finances and other finance related tasks, easy and quick approval for some renting properties. Almost every landlord in the UK do credit checks as part of the tenant screening process. So, as you can see, having an excellent credit report will give you a very good competitive advantage, thus Increasing your chances of securing your dream rental. Landlords want to check your past history of making on-time payments, so having a poor credit history will result you being denied , being given a very short time contract or you may be required to pay a high deposit, or look for a guarantor etc. Landlords don't even feel safe to have a contract with you because of having poor credit history.

In brief, an excellent credit score signals to lenders that you are responsible and this makes lenders feel safe to offer you their products and services on credit.
You can easily own your dream house in the UK , get a good mortgage with lower interest rates. This can only be achievable if you take some steps to build your credit profile. We will discuss this later. How to build an excellent credit history, how to maintain an excellent credit report, how to repair a damaged credit report, all the tips, benefits of having a good credit report and also dangers of having poor credit history. We will be discussing all this in greater detail.

One day you will need to get a loan , and having a good credit score enables you to get favourable terms and conditions. It is good for everyone to build his/her credit profile. If you don't do it, noone can do it for you. you might not see the importance of building a credit score now, but one day you would like to look for a job and credit checks will be part of the selection process, you will have an emergency which requires money and you won't find any single lender willing to offer you even a small amount because of a messed up credit report, things like missed payments will stay on your credit report for 6 good years. You should know that lenders, landlords, employers etc, they perform credit checks in order for them to see what kind of person they will be dealing with. It's a way of assessing the applicant's suitability . Let me tell you this, a lot of people in the UK are living a life of debt, hand to mouth, struggling to make ends meet, failing to achieve their dreams,failing to secure some high profile jobs across several disciplines mainly because their credit reports are messed up. So it's something you can't ignore if you desire transformation in your life. Otherwise you will miss many life changing opportunities.

Overall financial health doesn't happen overnight, there are certain habits that you need to develop . Remember a journey of a thousand miles begins with a single step. Failure to take that first step, the journey to financial freedom will remain a dream to you that will never materialise. The time is now to take that first step.

Hello guys, this is a page where you will learn the importance of building a good credit report with the high hopes that this will assist many. A lot of people especially the new arrivals, those who are new to the Uk, they don't take their credit scoring seriously and in the UK it is very difficult to make it, if your credit scoring is messed up. Your credit scoring is the gateway to many favourable and countless opportunities for growth , but if you lack some financial discipline, life turns sour ( less enyoyable).

In brief, an excellent credit score signals to lenders that you are a responsible borrower and this makes lenders feel safe to deal with you.
You can easily own your dream house in the UK , get a good mortgage with lower interest rates. This can only be achievable if you take some steps to build your credit profile. We will discuss this later. How to build an excellent credit history, how to maintain an excellent credit report, how to repair a damaged credit report, all the tips, benefits of having a good credit report and also dangers of having poor credit history. We will be discussing all this in greater detail.

We have seen some people relocating back to their home countries, failing to adapt to the UK life style. Some people say the salary isn't enough and there are too many bills. I know some of you already reading this might be already in big debt, and some have not yet fallen into this trap of debts. I know this knowledge will bring relief to many, all you need is to be principled. Overall financial health doesn't happen overnight, there are certain habits that you need to develop . Remember a journey of a thousand miles begins with a single step. Failure to take that first step, the journey to financial freedom will remain a dream to you that will never materialise.

Having a messed up credit report can make you fail to secure some certain job posts. Some particular jobs especially in legal and financial institutions require credit checks to be carried out on each and every applicant. This gives the employers an assurance that the hired applicant is capable of handling their finances and other finance related tasks. If your credit report is messed up, you can't qualify for these jobs posts. Poor credit history can make the employers think you might be vulnerable to bribery, money laundering and the like. If you can't manage your personal finances, how can they trust you with handling their organisation's finances. I hope this is clear. Many job offers in financial and legal institutions, government, finance, banking etc conduct credit checks as part of their hiring process . A high credit score shows excellent financial responsibility and this is what employers will be looking for. Employers prefer to take applicants with an excellent credit history. If you want to join big organisations in the UK, some job positions are risky if they just take anyone to be in control of their finances without checking the financial behaviour of the applicant. Employers take pre-employment credit checks especially if the position involves dealing with finances. This reduces employee fraud. They prefer to see an excellent track record of managing your finances and one of the things they do is undertaking some
Pre-employment credit checks. Any high profile or low profile jobs, they ensure they undertake some credit checks.

Benefits of having a good credit score include, but are not limited to

Easy and quick approval for renting properties. Some landlords in the UK do credit checks as part of the tenant screening process. So, as you can see, having an excellent credit report will give you a competitive advantage, thus Increasing your chances of securing your dream rental. Landlords wants to check your past history of making on-time payments. Having a poor credit history will result you being denied , being given a short time contract or to pay a high deposit, to look for a guarantor etc. Landlords don't even feel safe to have a contract with you because of your poor credit history.

Other benefits include, lower insurance rates, lower interest rates, higher credit limits, cellphone contracts without paying any deposit, favourable car finance deals, favourable mortgage deals etc.

In brief, an excellent credit score signals to lenders that you are a responsible borrower and this makes lenders feel safe to deal with you.
You can easily own your dream house in the UK , get a good mortgage with lower interest rates. This can only be achievable if you take some steps to build your credit profile. We will discuss this later. How to build an excellent credit history, how to maintain an excellent credit report, how to repair a damaged credit report, all the tips, benefits of having a good credit report and also dangers of having poor credit history. We will be discussing all this in greater detail.

One day you will need to get a loan , and having a good credit score enables you to get favourable terms and conditions. It is good for everyone to build his/her credit profile. If you don't do it, noone can do it for you. you might not see the importance of building a credit score now, but one day you would like look for a job and credit checks will be part of the selection process, you will have an emergency which requires money and you won't find any single lender willing to offer you even a small amount because of a messed up credit report, things like missed payments will stay on your credit report for 6 good years. You should know that lenders, landlords, employers etc, they perform credit checks in order for them to see what kind of person they will be dealing with. It's a way of assessing the applicant's suitability . Let me tell you this, a lot of people in the UK are living a life of debt, hand to mouth, struggling to make ends meet, failing to achieve their dreams,failing to secure some high profile jobs across several disciplines mainly because their credit reports are messed up. So it's something you can't ignore if you desire transformation in your life. Otherwise you will miss many life changing opportunities.

You need to be patient in the UK, most people who are new to the UK get disappointed when things don't work well for them. It's so sad, some of them, without even spending a year they think of returning home, because things won't be going in the direction they want. To those who are planning to relocate. In the UK, if you don't work, you will starve. Don't ever think people are picking up money from the streets in the UK. If you are coming to do care work, people work day and night time in order to earn a good living. Finally don't forget to pray.