You are here: Home - Credit Cards & Loans -

Consumers urged to check credit reports

Written by:

As the purse strings tighten and the credit crunch takes hold, Callcredit Check is advising consumers to take a good look at their finances.

Its online service enables consumers to check their credit report online in real time, receive email alerts to notify them of any changes to their file and get monthly updated credit scores all in one package.

The latest figures from Philip Hammond, shadow Treasury chief secretary, reveal that the disposable income of the average working family has dropped from £26,200 in 2006 to £25,900 today and personal debt in the UK is growing at an unprecedented rate – £1m every five minutes. With both an increase in the cost of living and a reduced disposable income, consumers may feel like they are being squeezed from all sides.

Callcredit Check is the first all inclusive service offered to consumers, removing the need to subscribe to the services separately. And most importantly to cash-strapped consumers, Callcredit Check is the cheapest service available – at £12 per quarter for email alerts, monthly credit scores and unlimited online access to their credit report.

Owen Roberts, head of Callcredit consumer, said: “This year is likely to be tough for most of us with the credit crunch and increasing incidences of identity fraud – it is a prime time to become financially aware.

“With the majority of people having more than a handful of credit commitments, Callcredit Check is a central resource that makes taking control of your finances so much easier. Regularly checking your credit report is an essential part of a healthy financial lifestyle.”


Related Posts


Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Gas and electricity price rises fuel inflation

Figures from the Office for National Statistics show that the consumer prices index annual inflation – the Government’s target measure...