Your credit file and associated credit score are critical factors considered by credit providers when you want to borrower money and help lenders determine whether you can borrow, how much you can borrow, and at what rates.
Understanding more about credit reporting
Maintaining a healthy credit report is vital when it comes to securing a loan. It's important that you always provide accurate information to credit providers about your current circumstances and also take time to ensure the details you provide about your previous residential addresses and employers are accurate as well. It is also important that you protect and secure your private information to avoid being a victim of identity fraud.
Information that is out of step with previous applications and other databases such as electoral roles may deemed to be fraudulent and adversely impact your credit score. Even if you still obtain credit, you may end up paying a higher interest rate because of your lower credit score.
To understand more about credit reporting, your credit score and protecting your identity, take time to do some research. Here are some useful links: