How well planned is your financial future?

Let’s face it, when you’re a new mum certain types of planning that were never important before suddenly become essential (e.g. do I have the changing bag, front door key, baby, with me?), and the rest generally goes out of the window.

Planning out a sound financial future is one area that is important for a secure and happy family life, but is one type of planning that normally gets shunted right to the back of a long to-do list. With small children keeping you busy, it is sometimes hard to think about anything much beyond the current week (sometimes the day), and monthly financial planning can become as over simplified as living from pay cheque to pay cheque and working out which bit of budget goes where! But what if there was a really easy tool to make sure you always got the best deal, and you could identify credit problems and resolve them before they get in the way of your future plans?

Well, we’ve found one. Experian Facebook offers a really classy Credit Score Report tool, which actually provides you with information you need to make any lending process you have to go through easier. The Facebook group also has a panel of Financial Planning Experts that you can contact directly through the platform. It is a thoroughly good example of a business thinking about its customers and going that extra mile to make their busy lives easier.

At some point you may want to up-size to a larger home, get credit for a new three piece suite or find out which credit card is best suited to your individual needs, and you’ll want to know that you have a really good credit history. If you don’t, the Credit Score Report can guide you through how to make it better now. Then, when you need to borrow, there will be nothing standing in your way.

If, like me, you are always on Facebook, usually looking for baby bits and pieces to buy or sell, finding new baby activities or checking out what my friends are up to at the weekend, it’s really convenient to ‘like’ the Experian Facebook page, download the credit report and refer to it when you need it.

If time is precious, I found that the raft of short (and easy to digest) videos were extremely convenient, as you don’t have time to wade through oodles and oodles of text.

This is the best video I found, as it shows how a couple who couldn’t get a mortgage using the Experian Credit Report to identify the reason for their rejection and correct the problem. Their credit score went straight back up and they got their mortgage:-

If you sign up for the credit report you also get the following benefits:-

  • How to choose the right credit card
  • What the lending criteria are for different organisations
  • How you can reduce your potential Mortgage repayments by keeping your credit score good

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