Register To Vote – And It May Improve Your Credit Rating

This article was updated on the 24th April 2015

The 2015 General Election is on 7th of May, but 7 million people who could vote are not registered to do so – and that may be harming their credit rating.

Even if you have no interest in politics and have no intention of voting, not being on the Electoral Register can prejudice not only any credit applications you make; but also applications for insurance and mobile phone contracts; and it can extend to any application or vetting where proof and stability of circumstances is a factor.

Also, you may be one of approximately 3 million adult non-UK passport holders currently living in the UK. You won’t be able to vote at the General Election, but you can still register to vote for local and (if your passport is from the EU)  elections for the European Parliament. In fact, there are also local elections in some areas on 7th May.

Being On The Electoral Register Matters

Contrary to popular belief, there is no universal credit rating for which we all have a score. When you apply for credit, lenders request a copy of a credit report normally from one of the major providers and from the information held within, it helps the lender (or other service provider) decide if they are to offer credit or service at all, and/or at what rate or cost.

Among things listed on a credit report is whether you’re are on the Electoral Register at the address given in the application and for how long. Why does this matter?  It’s all about considering risk and someone whom has a more stable address to the extent they registered themselves at that address could be considered as a positive factor.

How Do I Know If I’m Registered To Vote?

You can contact your Local Electoral Registration Office (see below how to find this) or get a copy of your credit report; we recommend Noddle, which is free.

What’s The Deadline For The May 2015 Elections?

The deadline to register to vote in the 7th May elections is Monday 20th April 2015.

 

register-to-vote

How Do I Register To Vote?

You can do it by post, in person at your local Electoral Registration Office or online at gov.uk/register-to-vote or if you live in Northern Ireland at eoni.org.uk.

See also AboutMyVote.co.uk which publishes useful information such as registering if you’re away from home or moving home and details of upcoming elections. You can find out where your local Electoral Registration Officer is by using a post code search.