Published On: Sat, Nov 2nd, 2019

General Election 2019: Simple way voters can supercharge their credit score today | Personal Finance | Finance

The General Election 2019 date has been set for December 12, with members of the public given the chance to vote for who they want to represent them in Parliament. Ahead of this key date, credit reference agency Experian has highlighted a financial benefit which could come with registering on the electoral roll.

According to Experian, lenders are likely to see being registered to vote as a positive sign when one applies for credit, as it allows them to more easily confirm the applicant’s identity.

The credit reference agency added that, typically, appearing on the electoral roll at one’s current address can add 50 points to a person’s Experian Credit Score.

Just 45 percent of people are aware that this registration on the electoral roll would impact credit score, according to YouGov research in February 2019.

Experian said that these points could mean the difference between a good and an excellent credit score.

READ MORE: Mortgage calculator: Credit expert warns check credit report before applying for mortgages

In order to vote in elections and referendums, a person must register to get their name on the electoral register.

The deadline for registering to vote in the General Election on December 12 is later this month, at midnight on November 26.

To apply for a vote by post, the deadline is earlier.

If a person lives in England, Scotland or Wales, this is 5pm on November 26.


Those living in Northern Ireland would need to register by 5pm on November 21, to apply for a postal vote.

Should a person be able to register to vote, they can do so online, in person, or by post.

Experian’s Head of Consumer Affairs James Jones said: “As well as enabling you to have your say at the ballot box, registering to vote unlocks a number of additional benefits that many people might not be aware of.

“For example, a range of firms from financial services to online retailers can use the information to help confirm your name and address, so not being registered can scupper a wide range of applications.

“Furthermore, electoral roll registration is often a factor in credit scores because it is seen as a sign of reliability and stability.

“As a result, being registered to vote can help improve your credit score, potentially giving you access to cheaper interest rates on loans, credit cards and mortgages.”

Elsewhere on the topic of credit, earlier this year, a teacher revealed that a parking ticket had left her with a poor credit rating, and was subsequently refused a mortgage.

From employment status and income to the size of the loan and deposit, outgoings and existing debt, there are a number of factors which are considered when it comes to a lender’s mortgage decision – as well as the application’s current credit history.

Sarah Arrowsmith, 28, and her fiancé Ross Tredger, 30, were left devastated when she found out her credit score was poor due to a County Court Judgement (CCJ) which she said she wasn’t aware of.

Ms Arrowsmith said: “The first I heard about it was when our mortgage application was denied. I was in tears. We had done all of the checks and were about to submit our offer.

“I had to look up what a CCJ was. I am a very law-abiding citizen and I always pay off my credit cards each month.”(sic)

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