How to check your credit history

If you’re applying for a loan, a credit card or even a mobile phone contract, lenders will be interested in your credit history.

This will give them an insight into your financial activity and whether or not you are reliable enough to pay the money back.

In order to increase your chances of getting accepted for credit, it is advisable to keep an eye on your credit history. You can do this by getting your Callcredit credit report, which you can do in two ways:

Read on for more information about checking your credit history for anything that could be affecting your credit applications.

What to look out for in your credit history

If you sign up for access to your credit report before you apply for credit, it’s important to know what you should be checking for.

Here’s a step-by-step guide to checking your credit history for anything that could be affecting your chances of getting credit:

  1. Check your name and address is correct

    Lenders will use your credit file to verify that you are who you say you are when you apply for credit. So if your address on your credit file is not up to date, this could ring alarm bells with lenders as it could signify identity fraud.

    If you’ve recently moved house or don’t know which address is on your credit report, check it. Don’t let a small administrative error stop you getting credit.

  2. Am I on the electoral roll?

    What many people don’t realise is that being on the electoral roll can actually improve your credit rating. This is because it provides proof of address and can help reduce the risk of identity fraud.

    If you’re not sure how to get on the electoral roll, here are the government guidelines.

  3. Check your past and current credit arrangements

    When you access your credit report, you will have access to information about your past and present credit agreements from the last 6 years. This includes everything from mobile phone contracts and credit cards to car loans and mortgages.

    Check that each one is correct and that each one was taken out by you. You should also look at the status of each one as the report will let you know whether or not your payments are up to date.

    If any credit cards or store cards you don’t use appear on your file, closing them can improve your credit rating.

  4. Check your financial associates are correct

    A financial associate is anyone with whom you have held a joint financial agreement, such as a bank account or joint mortgage.

    It is important to check who your financial associates are because their credit status could actually affect yours. If you are no longer financially linked with them, make sure they are removed from your credit file.

How to change information on your credit report

If you have noticed that any information on your credit report is wrong, such as your address, you should notify the lender or Callcredit.

If the lender has reason to believe the information is incorrect, they will notify the relevant credit reference agency to change the information on your report.

Previous addresses will remain on your file in order to help identify you.

How long does financial information stay on your credit report?

How long information stays on your credit report depends on what type of information it is.

Missed payments

A history of your late payments will generally stay on your report for six years.

Bankruptcies

Bankruptcies stay on your credit file for at least six years.

Court judgements

This will usually stay on your credit file for six years.

Previous addresses

Previous addresses will stay on your file forever as a way for lenders to confirm your identity.

Who can see your credit history?

Your credit history is confidential information that can only be seen by you, the credit reference agency and lenders to whom you are applying for credit.

Carefully going through each section of your credit report is key to understanding what your credit history means when you go to apply for credit.

How to get a Callcredit credit report

  • £2 Statutory Credit Report – Access your statutory credit report online for just £2 to make sure there is nothing stopping you getting accepted for credit. And even if you’re not applying for credit right now, check your credit report regularly to help identify fraudulent activity.
  • Noddle Free Credit Report and Credit Score – Noddle’s credit report and credit score is free for life and updated monthly to give you an up to date overview of your credit history. It gives you unlimited access and will never cost you a penny.