CAN I PRESERVE MY CREDIT RATING?

Your Credit Report and Rating are very important. Many underestimate the value of a good credit rating and the positive impact it can have on your life.

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It is crucial that you understand what a credit rating can achieve for you. Any substantial financial decision you or your family make will likely require your credit to be scrutinised. Many new clients come to us having listened to terrible advice to stop payments to creditors which has already damaged their credit rating without being advised this would be the result.

Bell & Company ensure to give every client the correct advice on the effects any route they take will have on their credit rating. Sometimes, it is not possible to protect it but it is possible to put a timescale on when the score may begin to recover and give instructions on how to speed up the recovery process. Other scenarios can see it adversely effected but not completely ruined and in some cases it may be possible, providing you follow advice carefully, to not damage your credit file.

Some clients are initially concerned when Bell & Company request a credit report during an initial meeting, many feel perhaps it is an invasion of their privacy and circumstances given we may have only met for the first time. We stress that a Credit Report gives our advisors a fantastic overview of your circumstances and ensures that we miss nothing before proceeding with any case. We can also point out changes in your credit report and advise how it would be effected by the processes and options we discuss in the meeting.

Bell& Company recommend you constantly review your credit file, even applying for a Phone Contract can have an effect. If you are new to this why not sign up to www.creditexpert.co.uk for a 30 free day trial. Other sites provide online credit reports include:

www.checkmyfile.com

www.equifax.co.uk

www.callcredit.co.uk/consumer-solutions/your-credit-report

In Republic of Ireland we have utilised the postal service provided by the Irish Credit Bureau. These can be purchased at www.icb.ie and we also understand they now have an online version available.

As we stated, any of the services Bell & Company offer could have an effect on your credit file and hence why we raise the issue, we pride ourselves in providing independent advice and reviewing any client’s credit file falls into this remit.

Should you wish to discuss any debt related matter then please call the office on 02890 517047 to have a chat with one of our trained advisors and to arrange a free initial consultation. Be sure to follow or like Bell & Company on your preferred social media platform for latest updates.

Terry Bell – Director

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