The Electoral Register
Importance of Being on the Electoral
Register
QUESTION
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. 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.
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