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A tiny error in your address could wreck your credit rating


If the details recorded by Royal Mail do not match other databases you could soon find yourself being treated like a serial debtorGary Sleet* no longer officially exists as far as the financial sector is concerned. He’s ineligible for a mortgage, a personal loan or a mobile phone contract, and he would be refused if he applied for a credit card.Sleet, who lives in Paisley, Renfrewshire, has committed no offence and has never missed a payment. His credit rating was wrecked, he says, because his local council changed his flat number on the electoral roll. This means his address does not match details on Royal Mail’s postcode address finder (PAF), which is used by most companies to verify customers. Continue reading…

Source : theguardian.com
Read more…A tiny error in your address could wreck your credit rating

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