Electoral Roll Issue affecting all UK residents

xlnc99

So i just logged into my equifax credit report and noticed that there was a red flag next to my electoral roll section. Considering i lived here for 15 years i found this odd so i looked into this further and was about to make a complaint to EQUIFAX when i found out on their website due to the COVID situation the electoral roll wont be updated as per usual in Dec 2020 and will be sometime in 2021. A decision made by the local councils. 

I understand the delay and the issue but it sort of messes anyone looking to apply for finance until this is sorted.

Anyone else have the same issue?

Thrugelmir

The historic data is still accessible though. Lenders will adapt acccordingly. 

xlnc99

Yes perhaps but maybe not. Just another spanner in the works. Just wondering if its effecting everyone in the UK or some people have got lucky. Anyone else with the same issue?

Mickey666

xlnc99 said:

Yes perhaps but maybe not. Just another spanner in the works. Just wondering if its effecting everyone in the UK or some people have got lucky. Anyone else with the same issue?

Well, not everyone in the UK is looking for finance for a start, so they won't be affected at all.

xlnc99

Well they will be affected because it affects their credit file irrespective of whether they are 'looking' for finance. Secondly, no-one knows what the future can predict everything might be great one day and the next someone may need to get finance, a car, a loan, a credit card, a bank account, a mortgage - anything! Circumstances do change day to day. So i would say this is a pretty big deal.

Barny1979

Love the dramatic thread title! Click bait.

xlnc99

it is dramatic! This is huge and its not a lie!

Mickey666

xlnc99 said:

Well they will be affected because it affects their credit file irrespective of whether they are 'looking' for finance. Secondly, no-one knows what the future can predict everything might be great one day and the next someone may need to get finance, a car, a loan, a credit card, a bank account, a mortgage - anything! Circumstances do change day to day. So i would say this is a pretty big deal.

Fair enough.  So we're all doomed then.  Now what?

xlnc99

No idea! But i for one am panicking big time!  

Thrugelmir

xlnc99 said:

it is dramatic! This is huge and its not a lie!

Compared to the impact of Covid, it's a distraction. Nothing more. 

cymruchris

xlnc99 said:

No idea! But i for one am panicking big time!  

Why?

Why are you panicking big time?

Don't!

The update will come when the update comes, and until then any credit application will continue to use existing data. 

The worst that might happen is if the data is delayed by more than a couple of months, lenders might take precautionary extra steps to verify your current address, but they might not. 

It's not going to suddenly result in every mortgage application being automatically declined, or providers pulling all their new applications for credit cards.

The whole world is not about to fall apart because of a delayed data update. There are far more pressing things going on around us for now that will have a much bigger impact on anyones future credit applications.