Understanding your credit report
Think of your credit report as your financial CV. It contains information that helps lenders confirm your identity and decide whether you’re a reliable borrower.
This includes details of credit accounts you’ve held (and whether or not you’ve kept up with repayments), your current and previous addresses, and any financial connections – for example, the name of the person you share a joint account with.
Aim to check your credit report at least once a year, and before applying for credit. Not only will this allow you to pick up on any mistakes that could reduce your chances of getting the best credit deals, but you'll also be able to spot if any fraudulent credit applications have been made in your name.
Because the information held on you can differ between the credit reference agencies, it's best to check all three.