Electoral Roll

The electoral roll is a list of all those that are eligible to vote. If you are not currently registered, on the electoral roll / electoral register not only are you unable to vote, but you also may be hindering your chances of obtaining credit.

There are many myths that surround why it is important to register on the electoral roll. Many believe that it makes no difference to an application for credit if you are not currently registered on the electoral roll. This is a myth. Being unable to vote does make a difference, and it is this difference that can decide whether an application for credit is accepted or not.

Another myth is the belief that it is difficult or troublesome to have your details included on this electoral roll The process to register on the electoral roll is far from difficult. Performing the simple task of registering to vote is of vital importance, as it could improve your credit rating.

When you apply for credit, such as an unsecured loan, the lender will credit check you. They use the information you supply in your loan application, the details held by credit referencing agencies, such as Experian, Equifax and Call Credit, which include electoral roll information and a point scoring system, which differs from lender to lender.

Credit reference agencies hold information on you that allows possible lenders to see your credit worthiness. They also hold electoral roll information. Being on the electoral roll considerably improves your credit rating by giving you more points. To be seen that you are eligible to vote, shows reliability, and additionally helps to show that you are who you say you are, and the more points, means the more likely you are to get the unsecured loan you have been looking for.

It is vital for every eligible person to be registered on the electoral roll if you have bad credit. If you have a poor credit rating hampering your chances of getting a loan, then you do not want to miss out on the extra points available to you.

So if you are not currently on the electoral roll, or you have changed address and need to update your details, simply contact your local council. Alternatively visit www.aboutmyvote.co.uk where you can print off the necessary form, sign it, and put it in the post.

If you have a change of address, also remember to ask your local council to remove your details from your old address. This will help to protect you from falling victim to identity theft. When you move home you become vulnerable to identity theft. If your details are not on the electoral roll a potential creditor is more than likely to ask for a number of different documents to prove, not just your new address, but old address as well. With any luck fraudsters will not have access to this information.