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What is MyUKCreditReport?

MyUKCreditReport is a credit reporting agency (or credit report service) that provides its members with their credit score information from one of the UK’s leading credit reference agencies, TransUnion.

Members are able to use the information provided within the TransUnion credit report to improve their credit eligibility and increase the likelihood of them being accepted for more competitive credit deals in the future.

Users are able to sign up to the 14-day trial to view their full credit report and score for free, with the cost thereafter being £19.95 per month.

Bear in mind that you can cancel at any time during the trial period, and you will not be charged unless you continue your membership after the 14 days are up.

What does a credit report from MyUKCreditReport show?

MyUKCreditReport provides you with a free online credit score (during your free trial), including information regarding your personal:

  • Credit score
  • Credit history
  • Bankruptcies
  • ‘Status codes’ (whether you have made repayments on time)
  • Active accounts
  • Electoral roll information
  • Financial associations

Read more: Credit Report and Score FAQs

Why do you need a credit report? What can you do with it?

The information within your credit report is used by lenders to determine whether or not they accept you for credit and what interest rate they are able to offer you, but why does it benefit you to view your credit report from MyUKCreditReport?

Using the information provided, you can assess your current credit status and the areas in which you might need to make changes in order to improve your credit score. If you use your free credit report from MyUKCreditReport wisely, you could give yourself a better chance of being accepted for a more competitive loan, mortgage, or any other type of credit in the future.

Correct errors on your credit report

Many people will find that their credit report contains some inaccuracies, and it could be those incorrect pieces of information that is hurting your credit rating.

With MyUKCreditReport, you are able to dispute errors on your credit report easily by clicking the “!” icon alongside each item, following which you will be given the relevant information and steps to take in order to get that information amended.

The credit reporting agency will investigate and help you dispute the information, but in the meantime, you can also contact the organisation or lender that provided the incorrect details in order to dispute it directly with them, if you wish to do so.

Regularly checking your TransUnion credit report in the UK

Keeping a keen eye on your credit report in order to keep it accurate and up-to-date could increase your chances of being accepted for credit in the future, as you avoid the possibility of incorrect information leading to a poor credit score.

Helpfully, MyUKCreditReport also alerts its members when any signs of identity fraud are spotted, which is yet another reason why you should really scan your report as often as possible.

Signing up to MyUKCreditReport

Signing up to MyUKCreditReport is quick and easy; all you need to get started is some personal details, including your name, email address, phone number, date of birth, and your new password.

Once you enter all relevant personal details, you are then required to authenticate your identity using your debit or credit card details, which will not be charged unless you continue your membership after the free trial.

It can be done within a matter of minutes, following which you will be able to sign in and view your free credit report and score as a MyUKCreditReport member.

If you have trouble signing up, simply call the customer service team between 9am and 5:30pm on Monday to Friday, using 0161 250 3399.

Benefits of MyUKCreditReport

Some of the main benefits of becoming a MyUKCreditReport member include:

  • You get instant access to your full credit report and score
  • It’s easy to contact the customer service team via freephone or live chat
  • Members get help with disputing inaccuracies online
  • You will receive alerts and identity fraud protection
  • Your social report is included

Contacting MyUKCreditReport

Once you’re a member, you can contact MyUKCreditReport’s customer service team on 0161 250 3399.

Prior to becoming a member, you are able to use the free online chat tool to get some help, whether it’s from a bot answering FAQs, or a live UK agent.

Cancelling your MyUKCreditReport account

If you sign up and later decide that MyUKCreditReport isn’t for you, it is possible to cancel your membership any time within the trial period, without facing any costs. You have the option to cancel via phone, online, or by post.

Improve your credit score and your credit eligibility

If you find that your credit rating isn’t up to the standard that you were expecting, there are a few things that you can do to improve your credit score, such as:

  • Register to vote (being on the electoral roll)
  • Check your report for errors or identity fraud
  • Repay credit on-time and in-full
  • Build up credit history with credit card payments little and often
  • Cut ties with any negative financial associations
  • Do not apply for new credit too often
  • Remove bankruptcies, CCJs or defaults

See our full guide to improving your credit score for more information.

What is a good credit score in the UK?

A good TransUnion credit score is considered anything above 604, with ratings being categorised as follows:

  • Very Poor: 0-550
  • Poor: 561-565
  • Fair: 566-603
  • Good: 604-627
  • Excellent: 628-710

So, if you have a score between 604 and 710, you can be pretty happy with yourself, but if you are rated between 0 and 603, you should use the above tips to start improving your credit score today.

If you liked our guide to MyUKCreditReport, see our full reviews of all other credit reporting agencies in the UK here.

*Free 14 Day Trial. If you wish to continue using the service, their monthly subscription is only £19.95. Cancel anytime during the trial with no charge.

 

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