Please can you give me some advice on restoring my
credit, I have no CCJ’s or defaults but my wife had a break down and
never sent off the election forms, please can you tell me if and how
I can get around this problem.
Reply
The registration of both your names on the electoral
list is important where credit is involved: but only the named
borrower is relevant in each case. In some cases, you will lose
points where automated scoring is used, and in high volume credit
companies the time it takes to manually administer the loan proposal
is not cost effective: i.e. coming back to you with a query as to
your non-listing on the register would be unlikely.
on Debt Management and
Bankruptcy
Our advisors will be happy to
give you free debt advice about how you can manage your
debts
Using your own bank/building society should
not prove any problem as these lenders are (at the moment)
more inclined to provide a personal service than, say, a
lender that you are using for the first time.
I suggest that you:
a) Telephone your council to find out the quickest way to
get your name on the electoral list,
b) Telephone lenders in advance of any loan application and
ask them to suggest the best way to deal with your problem:
they will probably all be different - some may refuse
outright. My own lender experience has been to request
Council Charge documents, and to see if you have a credit
record established at your address. If the borrower is also
the mortgage holder the need for electoral information is of
secondary importance.
