Neil Weaver Associates
Credit Report Guide and Access
What Is a Credit Report?
Neil Weaver Associates are experts at deciphering Credit Reports and arranging Lenders according to Credit Scores.
A Credit Report contains detailed information about your Credit History, including any Credit you’ve held in the last six years. This includes credit cards, mortgages, loans, and other borrowing, as well as missed payments, defaults, CCJs (County Court Judgments), and bankruptcies. Lenders access this report when you apply for a Mortgage to assess your financial behaviour and determine whether to lend to you.
We recommend Checkmyfile:
Free for 30-day trial, then £14.99 a month - cancel online any time.
By clicking the link, you will need to register your details with Checkmyfile and enter into a free 30-day trial period. This will allow enough time for you to register your information and download your report. You are free to cancel this trial period at any time during the 30-day free trial period without penalty. Should you fail or choose not to do so, Checkmyfile will charge you a subscription fee of £14.99 per month thereafter.
• To get the best from this service, please ensure you register all of your primary and/or associated addresses within the last 6 years.
• Neil Weaver Associates will receive a payment of £12 per free trial entered into via the link to Checkmyfile’s website. This is payable whether you cancel the trial period or not.
• It should be noted that lenders will not be assessing the report produced from Checkmyfile and will undertake their own research and assessment.
By clicking the link you’re departing from the regulatory website of Neil Weaver Associates. Neither Neil Weaver Associates, Mortgage One nor Quilter Financial Planning are responsible for the accuracy of the information contained within their site. Details of how to unsubscribe or cancel this service, is available directly from the Checkmyfile website under their T&C’s which states “If you wish to cancel your subscription, please log in and send us a Secure Message at any time, email us, or call us on our Freephone telephone number 0800 086 9360 during normal office hours. In all cases we will provide you with a cancellation reference code in confirmation.
Why Download Your Credit Report Files?
Downloading your credit files is a valuable step in preparing for a Mortgage. This report provides a snapshot of your financial history, helping both you and Neil gain insights that streamline and optimise your application process. Here’s why having access to your credit files can be beneficial:
1. It Saves You Time
Lenders require your financial history in detail, including bank account opening dates, card balances, and monthly payments on credit cards and loans. Downloading your Credit Report collects all your Financial Data in one go.
2. Checking Your Credit Score is Good Practice
Knowing your credit score offers a better understanding of your financial health, which allows Mortgage One to make more accurate recommendations tailored to your situation. Regularly monitoring your credit score also allows you to spot and address any issues early.
3. Identify Any Potential Bad Credit
It’s not uncommon to be unaware of a bad credit history or missed payments. By downloading your credit report, Mortgage One can help identify and manage any negative credit events, like defaults or missed payments, that may impact your application. Knowing these issues helps your application run smoothly.
4. Optimise Your Credit File Before Applying
Having access to your credit files before you apply for a mortgage enables you to improve them. You can dispute inaccuracies or request the removal of outdated information, which can positively impact your credit score. A stronger credit profile can expand the range of lenders and products available to you, giving you more options.
5. Detect Fraud Early
If you’ve recently been a victim of fraud, your credit files can reveal any unfamiliar applications or suspicious activity. By monitoring these files, you can quickly identify fraudulent activity and take steps to protect your credit and financial wellbeing.
Neil Weaver Associates
neil@neilweaver.co.uk
07973 330829
Download your Credit Files from Checkmyfile