UK General Election, 12th December 2019 | Forum poll | Opinion polling | Manifestos & campaigns | Tactical voting
- Joined in 2008
BBC News wrote:Q - Does registering to vote improve your credit score?
A - It can do. Registering to vote puts you on the electoral roll, which helps banks and other lenders verify your identity.
A higher credit score can make it easier to borrow money or enter into financial agreements such as a mortgage or mobile phone contract, and may mean you get a better repayment rate. This could be particularly useful to younger people who haven't had a chance to build up much of a credit rating yet.
Not being on the electoral register may also slow down the lending process, as you could be asked for more documents to verify your identity.
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