Articles Published by tom magor

Tom has a degree in Business Administration from the University of Plymouth. For some years he coached a local youth football team – he is a Level One FA Football Coach. Tom writes on all topics, often linking sports stories to credit related matters. Tom is a Senior Credit Analyst at checkmyfile.

Am I On The Electoral Roll? How to Find Out

Find out if you're on the 2019 Electoral Roll Online

In addition to providing the ability to vote, being registered on the Electoral Roll (sometimes called the Electoral Register) is of vital importance when it comes to your credit rating and how you'll be assessed. An Electoral Roll listing is often considered 'the hook on which all other data hangs' and therefore plays a key role in establishing a strong credit file.

Published on 10 Nov 2018 by Tom Magor

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Is My Address On A Credit Blacklist?

If you’re suddenly declined credit there could be any number of reasons behind the lender’s decision, including a lack of credit history, adverse information on your Credit Report or simply an issue with the affordability of what you want to borrow. If there’s one thing that you can be confident isn’t to blame though, it’s that your address has been put on a Credit Blacklist.

Published on 16 Oct 2018 by Tom Magor

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How Your Phone Contract Affects Your Credit Report

Some people only really consider their Credit Report and the information it contains when they’re about to apply for a traditional form of borrowing, such as a credit card, loan or mortgage. That's why for some it can come as a bit of a surprise to learn that many of the same checks are involved when attempting to take out a mobile phone contract.

Published on 6 Sep 2018 by Tom Magor

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What’s Worse - Bad Credit History or No Credit History?

Whenever an application for credit is made, a prospective lender is basically looking to ensure (as much as they can) that any money they loan is going to be repaid on time. A key component in their final decision is the applicant's previous history of borrowing and making payments on time. But how does a typical lender view a consumer with little or no credit history, compared to someone with negative information recorded against them?

Published on 21 Jun 2018 by Tom Magor

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How long do closed accounts appear on my credit report?

Some people believe that as soon as a credit agreement is settled and closed, it will no longer be reported to the UK’s Credit Reference Agencies and therefore will no longer have an influence on future credit applications. However, this is a popular misconception, one that could affect your ability to get credit if not correctly understood.

Published on 2 May 2018 by Tom Magor

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HMRC Bans Credit Card Tax Payments

From 13 January 2018, it will no longer be possible for consumers to use a personal credit card to make a payment on HMRC’s Self-Assessment tax portal. Historically, this has been a popular option as it allows what is often a considerable sum to be deferred.

Published on 12 Jan 2018 by Tom Magor

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Does Statute Barred Mean My Debt is Written Off?

If you look around on the internet for debt advice you might see one questionable tip popping up from time to time: ‘don’t pay off your debts, wait six years for it to become statute barred and you’ll be home scot-free.’ If this sounds too good to be true, that’s because it is, and if you think it’ll be without consequence you could be in for a nasty surprise.

Published on 10 Jan 2018 by Tom Magor

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Addressing Incorrect Credit Account Information

With such a vast amount of information being reported to the credit reference agencies by a wide variety of sources, it cannot be taken for granted that everything which appears on a credit file is factually correct.

Published on 12 Jan 2017 by Tom Magor

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Virtual Insanity – Bitcoin Values Surge

While many currencies have struggled in the wake of considerable economic uncertainty, Bitcoin continues to go from strength to strength. The value of the virtual currency has hit a 3 year high with each new coin now worth about $900 (£730). Simultaneously, the total value of all Bitcoins in circulation has now surpassed $14bn.

Published on 11 Jan 2017 by Tom Magor

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Lloyds Acquire MBNA in £1.9bn Deal

Signalling a return to strength and in the organisation’s first acquisition since the 2008 global financial crisis when they purchased HBOS, Lloyds Bank is to buy credit card firm MBNA from Bank of America in a £1.9bn deal.

Published on 20 Dec 2016 by Tom Magor

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