Over 100,000 customers have now signed up for Noddle, the free for life credit report service from Callcredit Information Group
Noddle was launched in April and Callcredit says by avoiding monthly credit report fees, those who have signed up to use the service will save on average £120 each a year.
Unlike other subscription based services Noddle provides immediate, unlimited access to your credit report ‘free for life’. Customers can also see credit card and loan products based on their credit rating and their likelihood of being accepted for each product with Noddle’s ‘confidence rating’.
Customers can see at a glance, on an easy to use summary, if there’s something on their credit report that could affect their chances of getting credit. They can check why they may have been declined credit and monitor whether anyone has tried to apply for credit in their name fraudulently.
Noddle also helps customers make more of their money with money saving vouchers and offers.
Tom Ilube, founder of Noddle, commented: “We are delighted with the response to Noddle which continues to spread by word of mouth. Around 15,000 customers a month are now signing up to use our ‘free for life’ credit report, saving anything from £70 to £180 a year by opting for a genuinely free service.”
Ilube explained: “A credit report is like your financial passport. Companies look at your credit report all the time and make decisions about you based on this information, from approving a mortgage application to giving you a mobile phone contract.
“We believe consumers need to get into the habit of doing the same and think it’s only right they have ready access to the personal information these important decisions are based on. We want to make sure every adult in the UK has free access to their personal credit report whenever they want it.”
Customers comments have included: “It’s great having access to my credit report and credit rating for free. This saves me a lot of hassle as I can now check my credit report whenever I want.”
And: “Free credit report monitoring worth a look….stop ID theft, saved me subs to old service of £84 per year- not bad”
Noddle has also released a video explanation of credit reports aimed at explaining what they are about to the man in the street and this can be viewed at www.noddle.co.uk.
