Rate Your Chances Of Obtaining Credit

A good credit rating is essential if you want to borrow money.If you have been bankrupt or have County Court judgments against you, or have defaulted on payments in the past, you will find it more difficult to obtain credit.

If you are in that situation you would probably have to go through the sub-prime market where you would be charged very high rates of interest as a high-risk borrower.Experian and Equifax are the two main credit reference agencies used by lenders to research your credit status.

They check that your details are correct on the electoral register, whether you have any County Court judgments against you, and generally how diligently you have paid your debts in the past.They can track your 'electronic footprints' every time you have applied for or opened a new form of credit.

These companies inform the lenders of their findings, often using a scoring system, but the lenders are the ones who make the decision whether you are fit for credit or not.If you are turned down for credit the lender must give you an explanation for their decision.You are entitled under the Data Protection Act to see the report on your credit application.

There may have been errors which you could rectify, or if it is just plain poor you can see where you need to make some improvements.

This may not be a quick fix as bankruptcy details remain on your credit rating for up to six years, but generally speaking you should be able to improve your rating after about a year of good financial practice.
The first thing to do is to check that your details are correct on the electoral role and that you don't make any mistakes when filling out credit application forms.Also check there aren't any other mistakes on the file, like other people's debts.

Pay your creditors on time.Tell them if you can't meet a deadline for payment and catch up the next month.The reference agencies will send you your credit history for around two pounds.If you see there was an old County Court judgment against you or any other debt which was settled but is still shown as outstanding on your records, you can have it amended.Also, if you can justify a period of poor payments in your history, they will put a 'note of correction' in their report to explain the reason.

The score the agencies give you doesn't tell you much on its own.Equifax rates range from below 299 being very poor to above 475 which is excellent.To get a better picture you need to pay around 12 pounds for a detailed report listing all your credit agreements.One way to demonstrate good financial practice is to take out store cards and pay them off regularly.

This will create a good history, but make sure you do pay them off or you will find yourself with high interest on top.

If a best mate would co-sign for a credit card or loan with you that might help to get your name cleared.All the same, you should cancel any credit cards you don't need.If you have been refused by one lender don't keep on applying randomly until you check that you are the sort of person a lender will accept.

Remember, every time you make an application it shows up on your credit history and multiple applications can look dodgy.

It's crazy, but you can also be rejected for credit if you have never before applied.If you have never had credit, a potential lender can't see any history showing that you would be credit-worthy.

About the Author

Loan Agreement.

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London Venues Offer Panache With A Dash Of Pizzazz

As the capital of the country, London is home to a glittering nightlife, historical buildings and offers a variety of cultural activities for all ages and interests.The city is also home to many prestigious venues, plenty of which are steeped with the rich history that envelopes London.

Historical buildings are a glamorous backdrop to an event, whether it is a private party, a charity ball or a business conference.Here we take a look at three impressive buildings and their background and find out what they have to offer as an exclusive London venue.

The Ritz
The Ritz is famed for its glamour, and evokes images of London in the 1920s.
Opening in 1906, this venue has become the yardstick by which all Hoteliers measure their success.The neoclassical architecture creates an opulent atmosphere that has impressed guests for over a century and remains one of the most prestigious places to hold an event.

Past guests have included members of the royal family, British gentry and a wealth of discerning guests.As well as providing a sumptuous setting, there are many facilities including casino, health club and sports amenities for guests to use.For use as a conference venue, The Ritz offers all the equipment that could be needed, from projector equipment to secretarial services.

Tower Bridge
It is rumoured that in 1968 there was an attempt to purchase Tower Bridge by an American.
However, as the bridge is often mistakenly referred to as London Bridge, the sale was of the old London Bridge further up river, leaving Tower Bridge safely here in the UK.The Bridge was constructed in the late 1800s and has become one of the most famous landmarks in London.

The iconic and historical architecture give an air of exclusivity to events held here.There are four main areas that are available for hire.The walkways offer an extraordinary view of the river Thames and are often used as exhibition space.The Victorian Engine rooms are used for a spectacular dining or reception area, creating an unusual but opulent atmosphere.The two towers offer ideal facilities for meetings, receptions and dinners with enough room to seat 120 guests.

The Victoria and Albert Museum
Although not the first place one might think of to host an event, the world famous VA is a luxuriant venue and spectacularly suited to banquets, dinner dances and lectures.
The decor is as one would expect from a building associated with royalty and home to over 4 million artefacts from over 5,000 years of art and design history.

Situated in the affluent area of South Kensington the 19th Century building is an architectural feat of excellence which attracts over 2 million visitors a year.Holding an event within these world famous walls will give a soiree a sumptuous and sophisticated feel.The rooms available for hire have a maximum capacity of 300 and facilities that provide conference equipment.

In conclusion, London is an ideal place to host an event as these venues and many more offer a spectacular backdrop to a conference, dinner, wedding or exhibition.As well as providing a wide range of facilities, the infrastructure in place enables easy access to these venues for those that live in the UK and those travelling overseas.All in all, even the most discerning guest cannot fail to be impressed by a top London Venue.

About the Author

Dominic Donaldson is an expert in the entertainment and venue finding industry.

Find out more about London venues and which location suits your needs best at Venue Directory.

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