S1 E32 - CREDIT REPORTS & EXPERIAN BOOST

In this episode Sarah Tucker tackles the subject of credit reports and credit scores. After appearing on BBC Essex in May 2021, Sarah had a lady come on the radio to ask her lots of questions about credit reports and what they mean. It was clear that there is a lack of information out there to help you know what to do with your credit report, and why you need it! So let The Mortgage Mum break it down for you.... There are 3 credit agencies - Experian, Equifax and Transunion (was Callcredit).  Each agency records details of your active and closed credit (bank accounts, credit cards, loans) and stores it in a report. The combination of data gives you a credit score.  Mortgage lenders generally use this data, and your score, to determine your risk as a client.  Each mortgage lender refers to different agencies, or a combination of them. As brokers - we know this information and it can make ALL the difference between you getting a mortgage approved, or not. Not enough people are checking their report regularly. There are sometimes incorrect data on your report, or accounts that should be closed - being aware of your credit report and score is super important! The reports give us a full picture of someone's credit, and how they use it. This episode will educate you and hopefully inspire you to become more credit aware. We can't wait for you to get your own reports regularly, and let us know here at The Mortgage Mum of any surprising findings you have! As always, Sarah aims to break this information down in a way that you will understand.  The Mortgage Mum have an affiliate relationship with Check My File, where you can get a 30-day free trial. Check My File sees your data from all 4 credit agencies, not just one, and is consistently rated excellent on Trustpilot. Your trial, and the subscription, can be cancelled at any time. Beyond the 30 day free trial the service is charged at £14.99 per month. Please use our exclusive link below: https://www.checkmyfile.com/?ref=sarahtucker2&cbap=1 If you would like to apply for the EXPERIAN BOOST scheme Sarah discussed please follow this link: https://www.experian.co.uk/consumer/experian-boost.html This can help you INSTANTLY boost your credit score! If you have any questions for Sarah following this podcast please email [email protected] or contact Sarah on social media. Alternatively, please head over to www.themortgagemum.co.uk or contact us on social media. We would love to help you! The Mortgage Mum is a team of 20 female brokers based all across the UK. They are passionate, driven, enthusiastic women who thrive from helping customers achieve their property dreams. They educate, empower and they give an excellent service from start to finish. Follow The Mortgage Mum on all social media platforms: Facebook - https://www.facebook.com/themortgagemum1 Instagram - https://www.instagram.com/the_mortgage_mum/ LinkedIn - https://www.linkedin.com/in/sarah-tucker-the-mortgage-mum-%E2%9C%A8-669898185/ YouTube - https://www.youtube.com/channel/UCG899KReJ9NHLZfyK3CXrUw Thank you for listening. Our beautiful intro and outro piano music was created and recorded by the incredible Zoe Alexandria - www.zoealexandria.co.uk. Please check her out on social media. She is so talented. If you would like to appear as a guest on The Mortgage Mum podcast please email [email protected]