TOP TIPS FROMTHE MILITARY MUTUAL How to Maintain a Good Credit Record When You’re In the Military
How does a credit ratng score work?
Your credit score measures you as a financial risk. A poor credit score can make it difficult to borrow money. This can affect your applicaton for credit cards, motor finance, a mortgage and other services such as mobile phone contracts.
How is your credit risk measured? All lenders want different things and have their own ways of scoring but are likely to take into account details such as occupaton, address history, length of employment and annual income.
How to help your applicaton for credit when on the move
• State you are a member of the Armed Forces when applying for credit
• Provide a full postal address including postcode • Register to vote in the UK, which will put you on the Electoral Register
• Manage your debts and pay your bills on tme • Check your credit report before you apply for any credit
What is likely to make you a poor credit risk?
• Excessive debt with no spare income to support more credit
• Too many credit searches within a rolling two-year period
• Poor credit history such as missed or late payments
For the full artcle go to:
themilitarymutual.com/magazine Tel:0800 088 22 83
A QUARTERLY MAGAZINE FOR RAF FAMILIES
Are you a good or a poor credit risk? You may not know untl you submit an applicaton for a loan or credit. The result can sometmes be surprising. Moving around with the Armed Forces doesn’t always help your credit score, so here are some useful tps to help maintain a healthy credit score regardless of your locaton.
Home Cover for the Military Family No admin charges if you change your cover Home emergency and family legal protecton included as standard Kit cover if you need it Excess from as litle as £50
It’s Mutual Surplus for the benefit of Members No shareholders
The alternatve to conventonal insurance for the military family: those serving, veterans, the people they care about and the people who care about them
Call our UK Call Centre
Call: 0800 088 2283 Visit:
TheMilitaryMutual.com Terms and conditons apply
www.raf-ff.org.uk
address at 7 Maltngs Place, 169 Tower Bridge Road, London, SE1 3JB. The Military Mutual Limited is an appointed representatve of Regis Mutual Management Limited which is authorised and regulated by the Financial Conduct Authority; FRN: 479202.
The Military Mutual Limited is a company registered in England and Wales (company registraton number 07147130) with its registered office Envoy Autumn 2015
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