Stop wasting time on credit rejections – there’s a fast and easy way to know where you stand www.MyCreditZoo.co.uk
Today marks the launch of a free online service designed
to help consumers avoid applying for credit cards and loans for
which they are likely to be rejected. Instead www.MyCreditZoo.co.uk
helps consumers locate a credit card or loan that is suited to
their personal circumstances and credit profile.
In today's fast-paced society, filling in an application form and
waiting weeks for a response, only to be declined credit, adds real
frustration to one's own money management. Studies show that seven
out of every ten initial applications for personal credit are
declined by lenders everyday*.
In response to a clear need to make the process quick and
convenient, www.MyCreditZoo.co.uk will instantly deliver
information on the credit card and personal loan options that are
appropriate for their circumstances. The site looks set to
significantly change the personal finance industry by speeding up
the process, and reducing the time, effort, embarrassment and
frustration often experienced by consumers who are seeking
credit.
www.MyCreditZoo.co.uk works by asking consumers a number of
personal questions and credit scores them online enabling them to
be matched up with the individual lender's approval criteria. It
then instantly lists which credit card or loan companies and
exactly which brands are most likely to accept a full application.
Users can then click directly through to apply online.
The service is clever, quick and best of all it's free! Even
consumers without a perfect credit history are still able to access
credit facilities from selected lenders. By using
www.MyCreditZoo.co.uk, these consumers can quickly identify which
credit providers are able to help.
www.MyCreditzoo.co.uk aims to help promote the responsible use of
credit. Therefore the service provides full details of each product
including interest rates, fees and special terms - the all
important 'small print', so consumers can be better informed before
they make a credit decision.
The service also enables consumers to access sister company
Callcredit's www.mycallcredit.com to purchase their full credit
report online, for a one-off fee. With identify fraud on the
increase, many consumers find peace of mind in regularly viewing
their credit report and monitoring their current credit
status.
John Dobson, Managing Director of EuroDirect, which operates the
service, says: "www.MyCreditZoo.co.uk will help reduce the time,
effort, embarrassment and frustration usually associated with
applying for credit. At specific times everyone needs additional
credit and often we need a quick response, perhaps to seize a good
deal on a car or a holiday or to further our home improvements. By
using www.MyCreditZoo.co.uk, consumers can instantly identify which
cards and loans they're likely to be accepted for - giving them the
confidence that they'll get the cash in their wallet when they need
it!"