• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Start building your credit score
  • Login
  • Two Minute Money Videos
  • Home
LOQBOX

LOQBOX blog

Master your money

  • Get Financially Fit
  • Credit-Building Tips
  • Money Goals
  • Buying A Home
  • Moving To The UK
  • Students

Why you need to be on the electoral roll

March 22, 2018 By LOQBOX

Being on the electoral roll helps you get noticed by the financial system, and lenders use it to prove you’re a viable investment. Here’s everything you need to know in under two minutes – from the experts at LOQBOX.

The electoral roll isn’t just for voting. It helps prove you’re you. And if you’re not on it, lenders may struggle to identify you or reject your application altogether.

Being registered at the same address for a while shows stability, which lenders love. Lots of different addresses can look bad so, if you move a lot for work, register a single ‘base’ address if you can (your parents’ house is a good one).

How to do it:

  • If you’re eligible to vote in the UK, register at www.gov.uk/register-to-vote.
  • If you’re not eligible to vote, but you have the right to live and work in the UK, ask each Credit Reference Agency (CRA) to add a ‘notice of correction’ to your credit report.

It can take up to a month for your registration to be completed and then another month for it to appear on your credit reports.

This post was written and compiled by the credit experts behind LOQBOX – a completely free way to build your credit history by saving a little each month. To sign up or read more about the clever way LOQBOX works, head to LOQBOX.co.uk.

This is part of our Two-minute Money blog series – unlocking the secrets of the financial system, two minutes at a time.

  • Share on Twitter
  • Share on Facebook
  • Share via Email

Improve your credit score

by saving as little as £20 per month

Learn more

Related posts

Our one big goal for 2021: How to work on goals together

January 4, 2021

Read more Our one big goal for 2021: How to work on goals together

Building new money habits in 2021

December 22, 2020

Read more Building new money habits in 2021

The ultimate guide to achieving your one big goal in 2021

December 7, 2020

Read more The ultimate guide to achieving your one big goal in 2021

About LOQBOX

This post was written and compiled by the credit experts behind LOQBOX – a completely free way to build your credit history by saving as little as £20 each month. To sign up or read more about the clever way LOQBOX works, head to LOQBOX.com.

Primary Sidebar

Get our free Money Tips email

Whatever your goal, our FREE Money Tips email can help you achieve it. Don't miss out.

We commit to never sharing or selling your personal information.

  • Facebook
  • Instagram
  • Twitter
  • YouTube

Categories

  • Buying A Home
  • Credit-Building Tips
  • Featured
  • Get Financially Fit
  • Money Goals
  • Moving To The UK
  • Students

Recent Posts

  • Our one big goal for 2021: How to work on goals together
  • Building new money habits in 2021
  • Double Your LOQBOX Savings
  • What your credit score has to do with achieving your one big goal
  • The ultimate guide to achieving your one big goal in 2021

Share your story

If you’d like to share your Money Goals story, you can do so here. We reward every story we use with a £25 Amazon gift card.

Footer

Search

©2020 LOQBOX Savings Limited – Registered in England and Wales, Company Registration number: 10583182.

LOQBOX Savings Limited is registered with the Financial Conduct Authority, FRN 771025, and is an Appointed Representative of Credit Improver Limited which is authorised and regulated by the Financial Conduct Authority, FRN 694919. Registered address: Henleaze Business Centre, Henleaze, Bristol BS9 4PN.

LOQBOX Savings Limited is registered with the Information Commissioner’s Office, registration number ZA229901.

LOQBOX™ is a trademark of LOQBOX Savings Limited.

LOQBOX Savings Limited is a credit broker not a lender, working with selected lenders. Using LOQBOX requires you to take out a 0% APR (interest free) loan with lender DDC Financial Solutions Ltd. You must be at least 18 years or older to use LOQBOX. Terms and conditions apply.