In this blog, we will discuss the three credit check.

Most people who have failed a three credit check are very curious as to why this could have happened. Below we have listed a few things about the three credit check and why you may have failed it.

Three credit check

Three uses its own internal scoring criteria and this may place more significance on factors outside of your credit score and history.

You may have failed your three credit check because you are not on the electoral roll at your current address. Many lenders and credit providers use the electoral roll data to decide if hey are going to lend to you. Most look at it as one of the most important factors If you are not on the electoral roll at your current address then you should register.

It is also possible that the credit bureaus hold different data on you and one of them holds incorrect info or maybe your credit score is much lower than you first thought.. 

If you are unsure of what your credit score is then you should check your credit score from the four credit bureaus in the UK: Experian, Crediva, Equifax and Transunion.

Some of these credit bureaus may charge you a fee to view your credit report so what you can alternatively do is request a statutory credit report which is a free credit report which each credit bureau must provide to you upon you requesting it.

Alternatively, you can also use credit score services such as Checkmyfile and clearscore to check your credit report. The benefit of checkmyfile is that it allows you to see all your credit reports from all the credit bureaus and this means you can identify where there are issues much easier.

Three also states on its website that it requires you to have lived in the UK for three years. This may mean that they are looking to see that you are on the electoral roll at your current address for three years or that they expect to see you registered on the electoral roll for 3 years, even if this has been with different addresses.

In any case, you can call three to inquire about why you failed the credit check on 0800 033 8001.

In this brief guide, we discussed the three credit check. If you have any further questions please let us know.

If you need financial advice and you live in the UK then you could contact the Money Advice service over the phone or via chat for impartial advice.

You can also contact the debt charity “Step Change” if you are in debt and need help.

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.