How can I monitor my credit score during and after the mis-selling claim process?

It's important to monitor your credit score throughout the car finance mis-selling claim process. Here's how:

1. Check your credit report regularly:

You're entitled to a free credit report from each of the three main credit reference agencies in the UK: Experian, Equifax, and TransUnion.
You can stagger these checks throughout the year to monitor your credit score more frequently.
These reports will show details of your credit accounts, including your car finance agreement.

2. Look for changes to your car finance account:

During a mis-selling claim, the car finance company may place a temporary marker on your credit report to indicate a dispute.
This marker shouldn't necessarily damage your credit score, but it's good to be aware of it.

3. Be mindful of additional credit applications:

While your mis-selling claim is ongoing, it might be wise to avoid applying for new credit cards, loans, or other forms of finance.
Multiple credit applications within a short period can negatively impact your credit score.

4. Resources for monitoring your credit score:

Several free services allow you to check your credit score regularly.
These services are usually offered by credit card companies, comparison websites, or current account providers.
Be sure to read the terms and conditions before using any free credit score monitoring service.

Here are some additional points to remember:

A mis-selling claim shouldn't automatically damage your credit score.
However, it's wise to be proactive and monitor your credit report to stay informed.
If you're concerned about the impact of a mis-selling claim on your credit score, you can talk to a credit expert for free guidance from organisations like the National Debt Line or Citizens Advice Bureau.

Please note: This information is for general guidance only and shouldn't be taken as financial advice.