How does registering to vote help improve my credit score?

A credit score is what banks, credit card companies and other lenders look at when deciding if they will let you borrow money, for how long and at what interest rate.

Lenders use electoral roll information to help confirm your name, address and where you have lived before.

This info usually has to be up to date before they are willing to offer a mortgage, a loan or any other form of financial account.

What is the electoral roll? 

It's a list of all the names and addresses of those registered to vote in public elections – such as local, mayoral and national – as well as for a referendum.

The chief aim is to ensure that only those eligible to cast a ballot paper get to do so. However, it is also used to fight crime (especially fraud), to call up individuals for jury service and to check credit applications. 

If I don't register will I miss out on that loan?

Maybe. Not being registered could cause a delay when you apply for credit, while the lenders confirm your details some other way.

With some lenders it can even hurt the credit score they give you, and some applications may even be turned down.

 

Can I use my parents' address?

If you move around a lot, yes. This might even be safer, in terms of the risk of identity fraud, especially if you share your temporary address with lots of other people.

 

I thought I was automatically registered to vote

In late 2015 the government made changes to the way in which you register to vote.

Previously, a family member or your university could do it for you. But now the Individual Electoral Registration (IER) has been introduced and it means you have to do it yourself.

Research found this led to hundreds of thousands of people dropping off the electoral register overnight.

 

I'm an International/European Student, so I don't think I can register to vote.

Wrong (probably!)

EU Citizens resident in the UK, qualifying Commonwealth citizens resident in the UK, Crown dependency resdidents and British Overseas territories  are all eligable to register and vote.

COMMONWEALTH COUNTRIES

Antigua and Barbuda Kiribati Sierra Leone
Australia Lesotho Singapore
The Bahamas Malawi Solomon Islands
Bangladesh Malaysia South Africa
Barbados Malta* Sri Lanka
Belize Mauritius Swaziland
Botswana Mozambique The Gambia
Brunei Darussalam Namibia Tonga
Cameroon Nauru Trinidad and Tobago
Canada New Zealand Tuvalu
Cyprus* Nigeria Uganda
Dominica Pakistan United Kingdom
Fiji Islands** Papua New Guinea United Republic of Tanzania
Ghana Rwanda Vanuatu
Grenada St Kitts & Nevis Zambia
Guyana St Lucia Zimbabwe
India St Vincent & The Grenadines  
Jamaica Samoa  
Kenya Seychelles  
 

*Although also EU member states, citizens of Cyprus and Malta are eligible to be registered to vote in all elections held in the UK.

**Citizens of Fiji and Zimbabwe retain their voting rights despite the countries having been suspended from the Commonwealth.

BRITISH CROWN DEPENDENCIES

Isle of Man
The Channel Islands (including Jersey, Guernsey, Sark, Alderney, Herm and the other inhabited Channel Islands).

BRITISH OVERSEAS TERRITORIES

Anguilla
Bermuda
British Antarctic Territory
British Indian Ocean Territory
British Virgin Islands
Cayman Islands
Falkland Islands
Gibraltar
Montserrat
Pitcairn Island
St Helena and dependencies (Ascension Island and Tristan da Cunha)
South Georgia and the South Sandwich Islands
Sovereign base areas on Cyprus
Turks and Caicos Islands

HONG KONG

Former residents of Hong Kong who hold a British Dependent Territories, British Nationals (Overseas) or British Overseas passport also qualify for registration.

 

EUROPEAN UNION COUNTRIES

Austria Italy
Belgium Latvia
Bulgaria Lithuania
Croatia Luxemburg
Cyprus Malta
Czech Republic Netherlands
Denmark Poland
Estonia Portugal
Finland Romania
France Slovakia
Germany Slovenia
Greece Spain
Hungary Sweden
Ireland United Kingdom

 

So what are you waiting for?

Lets get you registeredarrow to move on