Free Credit Reports: How To Get Free Access

Why do you need a credit report? Keeping a good credit rating is very important for every person in the UK. All institutions that you intend to enter into any sort of financial agreement with will first check your credit score. If it’s not good enough, your application will be refused. Your credit score depends on many things and you will get a clearer view if you get yourself a credit report. You will be able to see what feedback you have from other companies and any delays in repayments you have.

Can you get a credit report for free?

Yes, that is absolutely possible. Many companies offer a free credit report. All you have to do is enter the required data and within a minute you will be able to see your credit score online.
These are top 3 bureaus to get your free credit report:
Experian - you have free access to your account forever and all you need to do is just sign in. Your credit score is updated once a month and you can get that info for free, but if there any changes meanwhile they will not be updated.
Equifax - They offer free 30 day trial after signing in and if you continue using their services you’d be charged as a monthly subscription /now it is £7.95/. If you don’t want to use their services anymore, make sure to cancel on time.
CreditCarma - their credit report is absolutely free, but to check your credit history is not as comprehensive as other 2 as there a lots of products offered to you on their site.

What lower credit score means and how to keep it that way?

The higher your quality score is – the lower the APR on loans you will be getting. Also you might benefit from lower monthly payments, higher savings rates and many more. These are good reasons to keep it high.
The main factors on which your credit score depends are:
Payments and repayments history – if you’ve been on time with all your loans, credit cards and other payments, how late you were. This affects 1/3 of your credit score.
Outstanding balances – This is the total amount of your debts. This will form another 1/3 of your credit score.
Credit history – how long you have history for, what accounts you have and other historical data.
Credit requests – how many and how recent are all your credit inquiries.
Types of credit – do you have bank accounts, store cards, credit cards, savings, etc.
If you want to improve you credit score – we recommend you that you work on the factors listed above.