CCR Magazine

Nicola Georgiou, managing director at loan comparison site Freedom Finance, comments on the deadline to register to vote and the effects this has on your credit score.

“Though it may be familiar to many, registering to vote not only allows you to exercise your democratic right, it will also improve chances of getting a better deal for mainstream credit. We live in an economic climate where your credit score matters more than ever, as it is one of the main factors lenders use when determining whether to accept your loan, mortgage or credit card application, and even what rate to charge you.
 
“With the deadline for registration closing on the 20th of April, it is important that people understand the benefits of achieving the highest credit rating possible. The electoral roll helps lenders establish your identity as well as demonstrating your stability. Three years of voting history goes a long way towards your credit score, so don’t forget to register by Monday and improve your financial standing.”

(Source - Freedom Finance Comment)