Over 100,000 customers have signed up for Noddle, the ‘free for life’ credit report service from Callcredit Information Group.
The six-figure millstone was reached within months of its official launch in April.
The firm claims that by avoiding monthly credit report fees, those who have already signed up to use Noddle will save on average£120 each a year.
With the service, customers can 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’. They can see 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.
“We are delighted with the response to Noddle which continues to spread by word of mouth,” said Tom Ilube, founder of Noddle.
“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.
“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.”