At Turner Little, we know that the reasons for being declined credit are many and varied, but it usually comes down to the information held about you by one or other of the Credit Reference Agencies.
The natural instinct of most people when they are declined credit is to apply elsewhere; now this is perfectly logical but often has a detrimental effect on your credit score. Before granting you credit, the majority of institutions will run credit checks on you and each search made will register on your credit file. Even relatively few checks over a short period of time can have an adverse effect on your record.
If you are declined credit, it is recommended to find out why and strategically plan your next move. Something as simple as out of date or incorrect information on your file could affect your credit-worthiness as can family members at your address with adverse history.
Other factors having an adverse impact might include:
• No electoral roll information
• County Court Judgements (paid or unpaid)
• Defaults (paid or unpaid)
• Family adverse credit
• Inadequate or poor payment history on any accounts (currently or previously held)
• Multiple address links
• Multiple links with other people
• Incorrect information
• Multiple credit searches
• CIFAS warnings
• Out of date information
• Repossessions
Personal Credit Analysis £85.00 + Vat
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Personal Credit Analysis Stages 1&2.
Our Personal Credit Analysis process
Stage one
We will obtain your credit files directly from the Credit Reference agencies.
Stage two
We offer a comprehensive analysis of your credit profile, helping you understand the information held by the UK’s leading Credit Reference Agencies and how it may affect your financial position.
Our experienced specialists review your credit report in detail, explaining entries such as defaults, missed payments, County Court Judgments (CCJs), electoral roll information, credit accounts, financial associations, credit searches, public records, CIFAS markers (where applicable), credit utilisation and other factors that may influence your credit profile. We provide clear, jargon-free explanations to help you understand what your report contains and what the information means.
We also explain how UK Credit Reference Agencies operate, why information may differ between agencies, how credit reports are compiled and updated, and the types of information lenders may typically consider when assessing applications. Our aim is to give you a clear understanding of your credit information, enabling you to make informed financial decisions with confidence.
How long does Credit Analysis take?
Stages one two can usually be completed within two or three weeks.
What are the costs?
Stages one to two are at a fixed cost of £85 + VAT.
If you would prefer to obtain your files yourself, we will still analyse them for you and suggest the appropriate action. In this case, the charges for stage two will be £85 + VAT.
Your rights to cancel
When we have received your order and payment, we will send you written confirmation that there is an agreement between us. You will have the right to cancel the agreement between us within seven working days of the date of our written confirmation.
If you request us to start our Credit Analysis service within that seven working day period, your cancellation rights will lapse. If you do not tick the box on the order form to indicate that you want us to begin right away, we will wait seven working days before we start the process.
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