When you apply for credit lenders will primarily base their decisions on the information in your credit report — essentially making it your financial passport.
A healthy credit report improves your chances of being approved for a credit card, mortgage, bank loan or similar, credit-related, products. The more you know about what’s on your credit file and how it's used, and what you can do to improve your credit rating or score, the more likely you are to get the credit you need, at the rate you want.
Regularly checking your credit report also helps protect you from identity theft, since you should be able to spot if someone’s using your name or details fraudulently.
We’re proud to have co-authored a new in-depth guide with the UK’s other leading credit reference agencies, to help consumers better understand how their credit-related information is used by lenders; ‘Understanding your credit information and how lenders use it’.
Statutory Credit Report
The Consumer Credit Act and the General Data Protection Regulation (GDPR) gives you the right to request a one-off statutory credit file from TransUnion. Your statutory credit file gives you the details about your credit accounts, missed payments and the people with whom you have financial links.
Through Credit Karma you can get lifetime free access to your credit report and score which uses information from TransUnion. Along with your monthly credit report, score and credit rating, Credit Karma helps you identify loans and credit cards suitable to your credit rating and therefore the products you’re most likely to be accepted for.
It only takes a few minutes to fill out your credit report application — either through the Statutory Credit Report or Credit Karma websites. Just provide some personal details and run through the simple instructions.
Please note Credit Karma is a credit broker and not a lender.
See the bigger picture with an independent view of your credit score. Checkmyfile combines data from all four Credit Reference Agencies giving you a complete picture of what’s reported about you online.
Quickly identify differences between information held at each Credit Reference Agency and understand how this may affect your credit score and future applications. Receive excellent customer support and guidance from UK based Credit Analysts online or by freephone.
Try it free for 30 days, then just £14.99 a month. Cancel easily anytime online, by email or by phone.
TransUnion will receive a fee for each customer who signs up for either Credit Karma or Checkmyfile.
To help guide you through your credit report and how to protect yourself from identity fraud, we’ve created two resource areas.
gives you practical and useful information on how to check your score, what it means, and details on who to contract if something is wrong or requires changing.