How to know your Credit Rating

Did you check your credit rating? Even if you are re-mortgaging or moving upward the housing ladders, your credit history is important in a mortgages financier' decision to license an application or not. Credit reports contain credit histories, detailing all the credit you have requested (such as credit, credit card and overdraft), credit you have been granted and how you have administered the repos.

As a rule, you can get a free, easy survey and it is worth checking with several different resources. Whether you are a first purchaser looking for a home loan, or a home owner looking for a home loan, please contact us to see how we can help you find the right home loan for your needs. You can repossess your home if you do not maintain your mortgages.

Bonitätsbeurteilungen FAQ | Declared credit assessments

How is a credit check, what does it do and how does it impact on you? If I have a "good" credit rating, what does it mean? How is creditworthiness rated? For how long have rating companies existed? Who' s to measure my creditworthiness? Which information is contained in my credit rating?

Which is not contained in my creditworthiness? What is the best way to verify my creditworthiness? What can I do to increase my credit rating? If I have a good credit rating, can I still be refused by the lender?

Where do the rating companies know what you are worth? How do they know what you are good for?

Creditors in the UK are only legally obliged to give 51% of individuals their best advertised interest rate. It is likely that when you request a credit from your local banking institution, it will take into account how you used your current account credit when making your decisions. Energy and wireless billings are also credit cards, as most individuals do not prepay their bill.

However, in some cases, the information providers with whom they make choices have nothing to do with your financials. We have seen that creditors only have to quote their applied interest rate to 51% of eligible candidates, and these applied interest rate are what most individuals consider when taking out a credit or mortgages.

This point, however, is contested by the credit rating authorities. Jones says creditors are not permitted to use information from credit statements to make "marketing" decisions that are affected by cost-effectiveness.