Description
This article highlights the incidence of identity fraud and the importance of credit history reports. It explains how to find out what it is and how to improve it if necessary. Handy for your clients who have teenage children as mobile phone bills have a key impact on future lending.
Introduction
If you have borrowed money, whether as a loan or even signed a mobile phone contract, you have earned yourself a credit history. Each time you apply for further credit, the lender will run a check on your credit file to determine the level of risk they take on by lending you money.
With the increasing incidence of identity fraud, it’s smart to check your file every year. Don’t wait until a loan application is denied to find out if your history is affecting your future.
Know your credit history
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