When applying for a mortgage or loan, the lender will need to check your personal credit history using a credit report and use a credit score to asses your eligibility as well as the interest rate and amount or credit you’re likely to be offered.
It is a fact of life that to obtain any kind of credit from credit cards to mortgages you will be subject to a credit search.
Before you apply for a mortgage or credit, its a good idea to find out out your credit score. A Credit score is a rating from 0 to 1000 (the higher, the better!) based on your credit history and personal circumstances. In the UK the aveage credit score is 750, to obtain an accurate estimate of your own credit score you can use our FREE credit score calculator.
It has been designed to help you to understand how credit scoring works and how it may affect your creditworthyness. Your score is calculated using a real scorecard as used by mortgage lenders and works completly anonymously. At Obligo we believe in expert advice. For mortgages, thats us, for credit reports its CheckMyfile.com.
CheckMyFile will provide an online credit report using data from all three major credit reference agencies, Experian (CreditExpert), Equifax and Call Credit making their report the most comprehensive and accurate available in the UK. You can choose to either buy your one-off, credit report (with no subscription), or for unlimted online access to your credit report you can subscribe.
CheckMyFile have experts available on the phone or by email who will help you interpret your results and give you advice on any issues that you may have.
