Credit reference agencies are mandated by law to give a free credit report upon an individual’s first request. Aside from credit reports, they offer credit monitoring services that can make so much difference if you know how to make use of the information being sent to you. These agencies make big money by providing lenders the information they need every single time an applicant walks in. That is why they can afford to offer free services to a potential client up to a certain period of time. As an individual you can exploit this opportunity and even make a little money on the side - read on to know how.
A credit monitoring service can cost up to £180 a year, but most online companies offer you a free trial for 30 days. You will be asked for a debit or credit card payment scheme but do not worry, just sign up. As you are approaching the end of your month-long trial period, immediately cancel your subscription. You then get your free credit report even before they can even charge you on the 31st day.
You can do this again with another agency. In fact, you can try it with as many credit reference agencies as you like to be able to save on money. If you have been rejected, move on to the next one. There is no ‘blacklist’ for these companies so the loophole can be used repeatedly.
Check your credit rating twelve to eighteen months, preferably before an important application. This way you would not have gone through all agencies in a short period of time, leaving you another agency for next year.
And for the best part, sign up from cashback websites that will pay you if you click at their credit agency ads. These sites will redirect you to your chosen site and you are directly registered and entitled to receive a payout upon submission of relevant details.
A credit monitoring service can cost up to £180 a year, but most online companies offer you a free trial for 30 days. You will be asked for a debit or credit card payment scheme but do not worry, just sign up. As you are approaching the end of your month-long trial period, immediately cancel your subscription. You then get your free credit report even before they can even charge you on the 31st day.
You can do this again with another agency. In fact, you can try it with as many credit reference agencies as you like to be able to save on money. If you have been rejected, move on to the next one. There is no ‘blacklist’ for these companies so the loophole can be used repeatedly.
Check your credit rating twelve to eighteen months, preferably before an important application. This way you would not have gone through all agencies in a short period of time, leaving you another agency for next year.
And for the best part, sign up from cashback websites that will pay you if you click at their credit agency ads. These sites will redirect you to your chosen site and you are directly registered and entitled to receive a payout upon submission of relevant details.