How to clear your Credit Report

The system displays whether you are in default with your payment. In case you are in default or have a sheriff's edict, you may be denied credit. When you are denied credit, you have the right to ask whether the financing firm has used a credit bureau. They should give you good reason why they rejected you for loans.

Part of this is to let you know if they have used a credit score system. In order to obtain a copy of your credit report, you must turn to the credit bureaus and complete an enquiry sheet. A £2 charge is levied, which you can usually request in written, telephone or on-line forms. A useful credit agency guideline entitled Credit Explained is published by the Information Commissioner's Office.

Managing your debt

May I get credit again? No credit blacklist exists, but if you don't repay your debt, you may have difficulty obtaining credit in the near term. If you are applying for a loan, most businesses will seek advice from a credit bureau. You keep a record of all sheriff's orders, bankruptcy, fiduciary contracts and credit account detail.

The system displays whether you are in default with your payment. In case you are in default or have a sheriff's edict, you may be denied credit. When you are denied credit, you have the right to ask whether the financing firm has used a credit bureau. They should give you good reason why they rejected you for loans.

Part of this is to let you know if they have used a credit score system. In order to obtain a copy of your credit report, you must turn to the credit bureaus and complete an enquiry sheet. A £2 charge is levied, which you can usually request in written or telephone forms or on-line. A useful credit agency guideline entitled Credit Explained is published by the Information Commissioner's Office.