Credit Reference Agencies - The UK's three leading agencies are Equifax, Experian and Callcredit. They each provide an online facility where you can check your credit report.

Debt Problems

Figures from the Insolvency Service have revealed that in 2006, 63,000 people declared themselves bankrupt and 44,000 opted for an Individual Voluntary Arrangement.

If you are suffering with overwhelming debt, a specialist insolvency practitioner may be able to reduce your burden and put together a plan which may see you debt free within 5 years.

People entering into an IVA pay back only a portion of their overall debt. This is usually around 40%, in some cases can be less. After five years, any outstanding debts are written off, although the individual's credit record will be tarnished for six years. IVAs are suitable for people who have debts of £15,000 or more and are in regular employment. Visit www.getaniva.co.uk for further details.

Adverse

If you want a mortgage but you're credit record is less than perfect, you may require the services of a specialist bad credit mortgage advisor.