The Debt Advisor can help you check your credit score before you make any financial decisions, so you can be well informed throughout the entire process.

There are many factors at play in the credit rating you have. Lenders want to see that you have repaid any previous debts, you’re able to pay new ones, and various credit accounts have been consolidated. Bankruptcy, for instance, can have a negative impact on your credit score for several years. Other types of insolvency (such as Individual Voluntary Agreements) may also have the same effect. You can also be turned down for a loan application due to your electoral status, failure to register bills at a UK address, or using several credit cards.

Does a credit check impact your score?

Repeated applications for unapproved loans are a sign that your finances aren’t as healthy as they could be. Whenever a lender performs a credit check and turns you down, the score is lowered. That’s why it’s vital to know what your status is before making the application in the first place.

Get the necessary insight with The Debt Advisor

We are able to explain your current credit score if you are struggling to understand what it means. Our team will retrieve the full, accurate picture of your credit rating and tell you where it may be falling short, without influencing your score.

The Debt Advisors’ role in your financial recovery

The Debt Advisor can investigate what you’re spending, both personally and if you are self-employed in your business, and help you understand whether an Individual Voluntary Arrangement (IVA) is the solution you need. Whether you need an IVA, an alternative debt solution, or simply information to help you organise your spending, we can deliver some peace of mind.

The Debt Advisor  has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t pay your debts and your bills.

You can trust The Debt Advisor to help you if you are struggling to pay your debts. We specialise in Individual Voluntary Arrangements – a legal solution that allows for unaffordable debts to be written off. With an IVA from our team, you will make affordable repayments to your creditors over a fixed period, with the remaining debt written off at the end.