Online Credit Repair & Credit Scores

Online credit repair to repair credit scores is something that Now Finance can help you with. Bad credit information can stay on your records for years, but sometimes it can be removed early.

These "bad credit" problems can sometimes be legally removed: CCJs (paid/unpaid) Defaults (paid/unpaid) Bad payment history Incorrect information Out of date information Do you know what credit problems are on file about you?

Modern life revolves around credit - whether it is something as significant as a mortgage or something as small as a payday loan. The ability to spend now and pay back at a later date is part of living in a consumer society. But as there is no automatic right to credit it is important to protect your credit status. While this means ensuring you always pay off what you owe on time circumstances don't always allow this, and financial difficulties can arise affecting your credit status - that is, your ability to borrow more in the future. You may well have found that you have been refused loans, mortgages or credit cards - millions of people are refused credit annually because they have a bad credit rating. Bad credit information can stay on your record for 6 years of more. And regardless of whether you have since paid off the debt, while your records contain this history you will continue to be refused credit or to have to pay over-the-odds for it.

The first step towards repairing your credit is find out what information is held about you by the credit reference agencies:
What's on your credit file?		Our Partner - Checkmyfile.com
If you have been refused credit, then you should ask the lender which credit reference agency was consulted and whether the credit reference agency's information was the reason for the decision. There are 3 main agencies (Experian, Equifax and Callcredit) - you need to check them all as they each hold different information. You can approach each company yourself and for a fee they will send you the information that they hold on you - you will need to wait up to 7 days before you receive the information. If you don't want the hassle of dealing with 3 companies and/or don't want to wait 7 days for the information you have the option of using the services of our partners, Checkmyfile.com where it can be all done immediately online for a modest fee (see right).		Checkmyfile.com is the first company to supply consumers with online access to their credit files.   See what lenders see – and have your report based on your choice of credit reference agency data. Their Comprehensive Report Online is very easy to understand and inexpensive. It costs just £6.95 for a report based on one agency, or £16.95 for a Triple Agency Report . (note: Checkmyfile.com is not a credit repair company, but a company dedicated to obtaining your detailed credit files for you to inspect).
Can I ask for information to be removed from my file?
In simple terms you do not have the right to have information removed if it is correct. However, if any of the information they hold about you is incorrect or should have been deleted but hasn't you can request this to be done - this may well help your credit status. The credit agencies will generally hold information on your file for at least 6 years. Information held by agencies includes: Credit accounts "in default" - deleted 6 years after the date of default Settled accounts Bankruptcy orders - deleted 6 years after the date of the bankruptcy order Individual Voluntary Arrangements (IVAs) - deleted 6 years from the date the IVA was set up County Court Judgements (CCJs) - deleted 6 years after the date of the judgement Details of magistrate court fines Be wary of so-called credit repair companies - they may charge you a sizeable fee for what you can do yourself, or what can be done for a very modest fee by Checkmyfile.com (which is not a credit repair company). Also, given that correct information is held on file for at least 6 years there are no guarantees that fees paid to a credit repair company will actually lead to the "repair" of your credit status. Credit repair is more likely to be something you have to deal with yourself - by demonstrating the ability to repay loans and credit cards on time, and by waiting for the problems on your credit file to expire.
What can I do if I have a bad credit history and need credit?
You may still be able to obtain credit if you have a bad credit history - it may take longer to find it and it will probably be offered to you at a higher %APR. However......... Now Loans has a number of unsecured lenders who will provide funds to those with bad credit. be careful - every time you make an actual application (i.e. completed paperwork) for credit a "search" will be added to your credit file. It can work against you if lots of searches show up on your file. Solution Loans offer unsecured loans without credit checking (so your credit history is irrelevant) - you provide a guarantor for the loan (someone who knows you very well). If you need car finance there are specialist companies that can help you and get you your preferred car at the same time. Maybe borrowing more is not a good idea, and what you need to consider is a Debt Management program - Now Finance have more information on this. See our section on poor credit loans

Apply NOW for your FREE, no obligation quotation. We can consider all credit situations. We have access to numerous lenders. So you have nothing to lose.

Unsecured Loans for homeowners & tenants from £200
Secured Loans for homeowners from only £1000 - typical rate 6.8% APR
Remortgages of up to £1m; Buy to Let mortgages, and Right to Buy mortgages

For Pay Day loans, and other financial products & services, please click on the left hand links.
 

Now Finance is all about 'speed'. Even our BBC business news is updated every minute of every day.