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 Bennett Jones
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.
Bennett Jones’ role in your financial recovery
Bennett Jones 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.
Bennett Jones 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 Bennett Jones 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.
We are proud of our 5* Trustpilot reviews
April 2024, Adam
I would like to thank Bennett Jones for helping me with my IVA proposal. I'm a glass half full person but the realities of life and unforseen circumstances with finances had taken its toll. Bennett Jones has helped me to have a fresh start and take control back of my finances. It's a huge load lifted off my shoulders. Many thanks to the team for there support and professionalism.
March 2024, Sheezana
I can’t thank Laura enough for doing all the hard work for helping me sort out my finances. Great customer service, friendly, kept me in contact with everything that was going on. And made it happen. Great company too go to you won’t be disappointed. Thank you Bennett Jones and mostly thank you so much Laura for all your hard work. Making it happen