Are your credit details correct? 

Before applying for a mortgage or any other financial product, it’s important to check that your credit status and financial history are correct and up to date. This information is recorded online by Callcredit and Equifax. The details they hold are almost always the same as those reported by Experian, and you can access them using a quick and simple service called Check My File. 
With Check My File, you only need to look in one place to find out if the information that’s held about you is accurate. You’ll be presented with a user-friendly line by line comparison of the details held about you by the different agencies – so you can see straightaway if anything’s wrong. 

What are your creditors saying about you? 

When you log into Check My File, take time to make sure all your details are accurate and up to date. In particular, look for information about whether or not you’ve missed any payments in the past, if your personal details are recorded correctly and whether all your existing credit agreements are listed. 
 
If any contracts have come to an end, check they’re marked as closed and paid in full on your credit file. And make sure your account balances and credit limits reflect your current situation. 

Track your credit history 

There are many providers that will allow you to check your credit score, so it’s easy to monitor how your use of credit has evolved over time. You’ll be able to look at how much you’ve borrowed on mortgages, credit cards, loans and other forms of credit such as Hire Purchase over the last six years. 
 
This will help you form a wider picture of your overall finances, which is especially helpful if you’re looking to cut down on your borrowing or restructure your debts to reduce costs. 
Let’s get started - visit www.checkmyfile.co.uk today to set up your account. The service is completely FREE for 30 days, after which it costs £14.99 a month. You can cancel at any time. 
The Financial Conduct Authority (FCA) do not regulate buy to let mortgages. Penny House is a trading style of Penny House Financial Services Ltd which is authorised and regulated by the Financial Conduct Authority (FCA). Our permitted business includes advising on and arranging mortgages and insurance products. Registered in England & Wales No. 10861127. Registered office: Unit 9, 97-101 Peregrin Road Hainault Business Park, Ilford, Essex, England, IG6 3XH. Our Financial Services Register number is 951936. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register or by contacting the FCA on 0800 111 6768. 
 
Important note: A mortgage is a loan secured against your property. Your property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. 
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