Lifetime Change

What is Lifetime Change?

Lifetime Change can be defined as the difference in the opening balance and the current balance reported by lenders.

This is particularly useful for credit agreements with a set time limit and regular payment amount such as a mortgage or personal loan. This allows you to quickly see how much your account balance has changed and how it has affected your overall credit commitments.


Q: How often is it updated?

A: A new checkmyfile Credit Report will be generated once a month, however it can take up to two months for new information to show on your credit report so your balances may not exactly match up with what the lender is reporting if you approach them directly.

Q: How can I find this information on my report?

A: You will be able to find this information for each relevant account by clicking ‘View’ on each account in question followed by the Account Details icon in the top right. This will provide you with the details of each account including the lifetime change if relevant.

You will also be able to see how your balances have changed when using the interactive borrowing history chart.

You can try checkmyfile FREE for 30 days, then for just £14.99 a month afterwards, which you can cancel online at any time.

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