Being added to electoral roll boosts credit rating, expert says

August 7, 2007 by admin  
Filed under News, News-Credit-Cards

Performing simple tasks such as registering to vote for elections can boost customers’ credit scores, a financial expert said today.

Financial services advisors Experian recommended that customers add themselves to electoral rolls, so that companies can more easily verify their identity.

Consumer affairs manager James Jones said that being added to the roll particularly when you move is important, because “lenders use [the information] to check your name and address”.

“It will affect your credit score if you’re not on there,” he claimed.

Mr Jones offered more general advice to prospective credit card holders saying that “it’s a good idea, for a start, to actually look at your credit score and make sure it’s accurate and up to date and that you’re happy with it.

“Just use credit wisely”, he counselled. “Make at least the minimum repayments on your credits every month so that you don’t have any arrears recorded on your credit report.”

According to statistics from Checkmyfile, 1.6 million Britons are not currently registered on electoral rolls.

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