Elect To Improve Your Credit Rating For 'Bad Credit' Loans Online

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Record voting like the turnout for the presidential election of Barack Obama is not just good for democracy - joining the electoral roll can improve your credit rating as well. 'Bad credit' borrowers applying for unsecured loans online can improve their low credit ratings by ensuring they are on the electoral roll, advises Credit Problems No Problem (http://www.creditproblemsnoproblem.co.uk).

Record voting like the turnout for the presidential election of Barack Obama is not just good for democracy - joining the electoral roll can improve your credit rating as well.

'Bad credit' borrowers applying for unsecured loans online can improve their low credit ratings by ensuring they are on the electoral roll, advises Credit Problems No Problem (http://www.creditproblemsnoproblem.co.uk).

Providers of bad credit loans and debt consolidation loans are deterred from lending to applicants with low credit ratings or low credit scores hampered by suspicious entries.

Not being listed as a potential voter on the electoral roll can make a borrower appear unreliable, particularly if they already have County Court Judgements (CCJs) and defaults against their name.

"Your credit rating increases dramatically if you are registered on the electoral roll," said a spokesman for Credit Problems No Problem which specialises in unsecured loans for people with bad credit.

"Lenders like to know they are dealing with a responsible person who bothers to register."

Not being on the electoral roll would also make it difficult for you to:

  •     obtain a passport
  •     open a bank or building society account
  •     shop over the internet or phone
  •     obtain credit and insurance
  •     gain access to legal and accountancy services
  •     apply successfully for jobs in some sectors such as finance.

It is important to check your credit file (held by credit rating agencies such as Experian, Equifax and Call Credit) to see whether your correct current address details are shown on the electoral roll information which appears at the beginning of your credit file.

It may sound obvious but you should also check that your name is spelled correctly.

"Whoever you apply to for credit will automatically check your credit files by computer to ensure that you are who you say you are. If your name is spelled incorrectly, the computer will instantly reject your application," said the Credit Problems No Problem spokesman.

Credit Problems No Problem is regularly asked the following questions by borrowers looking to improve their credit rating to gain unsecured loans online for debt consolidation and home improvements:

Q: How do I know if I am eligible to go on the electoral roll?
A: The following people can register:

  •     UK citizens must be over 18 years of age
  •     qualifying Commonwealth citizens
  •     citizens of any EU country resident in the UK
  •     certain UK citizens that live or work abroad.

Q: How do I join the electoral roll?
A: Visit http://www.aboutmyvote.co.uk where you can complete an online form.
Print it, sign it and send it to your local electoral registration office (normally located within your local council offices). The council will then register you and update the rolling register monthly.

Q: I've moved home recently, what shall I do?
A: Tell your new local council immediately. They will then add you to the electoral roll. Don't forget to tell your old council to remove you from their electoral roll (this also helps to combat identity fraud).

Q: I know I am on the electoral roll but my credit rating files do not show this. What should I do?
A: Contact the major credit rating agencies (http://www.experian.co.uk, http://www.equifax.co.uk or http://www.callcredit.co.uk). They will investigate and correct the problem as quickly as possible.

Q: I don't want to vote, do I have to vote if I am registered?
A: No. It is the individual's choice whether they exercise their right to vote or not.

Q: I am not eligible to vote. What can I do?
A: Each credit rating agency has to allow you to add notes to your credit files, called a Notice of Correction.
It is a good idea to add a Notice of Correction stating why you are not eligible to vote, the date you moved into your address and state the documents you have to prove how long you have lived there.

Credit Problems No Problem holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.

Credit Problems No Problem is also registered with the Information Commissioner's Office for Data Protection.

For rapid help, phone 0800 412 5634 or visit http://www.creditproblemsnoproblem.co.uk

Notes For Editors

Credit Problems No Problem Ltd
TBC House
Cavalier Road
Newton Abbot
TQ12 6TZ
United Kingdom
Tel: 0800 412 5634

Credit Problems No Problem was formed in 2003, bringing together a team of specialists that together offers 26 years of expertise to help applicants gain the unsecured loans they need.

From its UK head office in Devon, Credit Problems No Problem operates across Britain, sourcing loans for people with bad credit.

Credit Problems No Problem holds a Consumer Credit Licence issued by the Office of Fair Trading. The company is also covered by the Financial Ombudsman.

Credit Problems No Problem is also registered with the Information Commissioner's Office for Data Protection.

No fuss service - guaranteed.

November 2008

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