Boost your credit score while doing your duty
With the general election just around the corner, now is the perfect time to make sure you're registered to vote. But did you know that registering to vote can also help improve your credit score? That's right – by helping to decide who should run the country on 4 July, you can give your financial health a boost at the same time.
Why registering to vote matters for your credit
When you register to vote, your name and address are added to the electoral roll. This is a public record that credit reference agencies use to verify your identity and where you live. By having your details on the electoral roll, you're making it easier for lenders to confirm who you are and that you have a stable address. This can make you appear more creditworthy in their eyes.
So, if you're planning to apply for credit in the future – whether that's a mortgage, a loan, or a credit card – being on the electoral roll could improve your chances of being approved and may even help you get better interest rates.
How to register to vote and boost your credit score
Registering to vote is a quick and easy process. You can do it online in just a few minutes by visiting the government's website. You'll need to provide some basic information, such as:
- Your name
- Your address
- Your date of birth
- Your National Insurance number
Once you've submitted your details, your local electoral registration office will add you to the electoral roll. It's important to keep your details up to date, so if you move house, make sure you re-register at your new address.
Other benefits of registering to vote
Of course, the main reason to register to vote is so that you can have your say in the general election and help shape the future of the country. But there are other benefits too:
- You'll be able to vote in local elections and referendums as well as general elections.
- You may find it easier to apply for certain services, such as a passport or a mobile phone contract.
- You'll be fulfilling your civic duty and helping to maintain a healthy democracy.
Don't miss out – register to vote today
With the deadline for registering to vote in the general election fast approaching, there's no time to lose. By taking a few minutes to register today, you can ensure that your voice is heard and that you're doing your bit to boost your credit score at the same time.
So why not make registering to vote a priority today? Your future self (and your credit score) will thank you for it.
Caroline Chell
Caroline has worked in financial communications for more than 10 years, writing content on subjects such as pensions, mortgages, loans and credit cards, as well as stockbroking and investment advice.
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