Deadline to help credit rating nears

The deadline to register with your local council is October 10th and electoral registers are referred to by credit agencies when determining whether to grant someone a loan and at what rate.

“Some organisations will refuse to give you credit or other financial services if your credit report shows that you are not registered to vote at your current address,” said Jill Stevens, director of consumer affairs at Experian.

“This is because they use this information to help check that your name and address is correct.”

In addition to giving you the right to vote at elections, being registered on the electoral roll credit agencies to confirm your residence, an important factor when deciding whether to give a loan.

However, for those who have just moved, Ms Stevens said that credit agencies should be informed of this and other proofs they may accept includes council tax bills and bank statements.