Could an Experian Credit Report Benefit You?

This article is about credit reports and in particular the Experian credit report. Experian credit reports give people the ability to find out many things about themselves and how they are viewed by organisations that might be interested in how credit-worthy they are.

Experian Credit Expert

Experian offers a credit report product called CreditExpert. Experian CreditExpert is a service designed to help you monitor your credit report and rating.

What Are the Main Benefits of the Experian Credit Reporting and CreditExpert Services?

As a paid member of Experian CreditExpert you will be entitled to:

• An unlimited number of credit reports,
• Weekly updates about your Experian credit report to help you monitor potential fraudulent activity carried out against you,
• Tools and advice to assist you in managing your credit,
• and The ability to order and view your National Credit Scoreform online.

N.B. Non-members are also welcome to use the Experian credit report service for a single-fee per report basis.

Trial Membership to Experian CreditExpert Credit Reports

Experian offers a 30 day trial to the CreditExpert reporting service. This free offer will give you unlimited access your credit report online. Throughout your free credit report trial Experian will be watching your credit deyails on your behalf.

Why You Should Want Access to a Service Like Experian Credit Report

Without being able to see your personal credit report, you will likely not have a picture of your own creditworthiness. This puts you in a potentially vulnerable position as there may be things affecting your credit report that you are not aware of. These things could be caused by fraud or neglect and could perhaps be easily spotted and rectified through a service like Experian Credit Expert reports.

What Things Can Experian Show You?

1. The Electoral Roll

   Your entry on the Electoral Role is used by lenders and credit companies to validate your identity: Experian refreshes its database each year with information from the Electoral Roll. Your Experian credit report will show whether or not your Electoral Role details are up to date and subsequently alert you if your details are not found.

2. CCJs (County Court Judgements)

   CCJs show on your credit report for up to six years. Experian credit reports can show you the details of any CCJs made against you as they are updated by the Registry Trust. Your Experian credit report will give you the ability to see if a CCJ has been wrongfully lodged against you enabling you to take action.

3. Information From Lenders and Credit Companies

   Your Experian credit report will also show you the details of your credit accounts that lenders and other credit companies have provided for the previous six years. credit and lending companies provide these details throughout the life of all credit accounts, which other lenders then use to determine if somebody is a good or bad payer.

   Mortgage lenders pass on the details of any person that has had their home repossessed or defaulted on mortgage repayments.

4. Bankruptcy

   Any bankruptcy you have experienced will show on your credit report. If your bankruptcy has been anulled, it should not be shown on your records. Experian's Credit Expert will show you if your annulled bankruptcy has been correctly removed from your credit report.

5. Other Details on Your Credit Report
   
   Other details you can find in an Experian credit report are things such as:
   • Details of the lenders that have made credit searches on you for applications you have made for loans, mortgages or any other form of credit in the last 12 months
   • Details of your previous addresses.

Should You Apply for An Experian Credit Report?

The answer is of course up to you. However, if you at all uncertain about your credit-worthiness, have been declared bankrupt, have debt problems or you have had someone commit fraudulent crime against you such as credit card or identity theft you may well think that a one off check or more longer term membership are worth the relatively small investment.

Experian CreditExpert or an Experian Credit Report will be particularly of use to you if:

• You are thinking of making an application for a loan, credit card or mortgage - check your credit report before you make your application
• Your application for a loan or credit has been declined - check your credit report to find out why.
• You are concerned that the details of your credit report may be incorrect.
• You want to protect yourself against identity fraud.

If in doubt - check it out! You can sign up for a free 30 day trial of Experian CreditExpert (which includes Experian credit report) free, here.

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