London 17th July 2012 - The new 62 registration plate will hit the roads on 1st September and Equifax, the online credit information provider, is advising budding car buyers who are looking to take out finance to fund the purchase to make sure their credit status is looking its best.
“To be eligible for one of the many attractive finance deals that are currently available it is essential that you ensure your credit history is in the best possible shape that it can be.” confirms Neil Munroe, External Affairs Director at Equifax.
Lenders make checks with credit reference agencies to see whether an applicant has kept up to date on repaying their credit. Lenders also use a "credit scoring" system to decide whether or not to lend to consumers - and in some instances - at what price. Therefore, the better an individual’s credit score, the better the rate they may get, helping them take advantage of the best deals.
“We think it’s really worthwhile obtaining a copy of your credit report before you apply for finance and if you are out and about, it can be easy done through the Equifax app,” concludes Neil Munroe. “That way you can make sure your credit status is looking its best before you make an application. And the better your status, the better finance or loan deal you should be able to negotiate.”
The Equifax Credit Report is accessible for 30 days free simply by logging onto www.equifax.co.uk. If customers do not cancel before the end of the 30 Day Free Trial, the service will continue at £6.99 per month, giving them unlimited online access to their credit information and weekly alerts on any changes to their credit file. It also includes an online dispute facility to help them correct any errors on their credit file simply and quickly.
The Equifax app is available free from the Apple iTunes Store on iPhone and iPad and from Google Play for Androids.
For further press information please contact: Louise Fowler, Clare Watson, Cecile Stearn or Wendy Harrison at HSL on 020 8977 9132 / Fax: 020 8977 5200 or Email: firstname.lastname@example.org
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