What is a credit reference agency?
At some point in our lives we will all apply for credit – be it a car loan, a mortgage, a mobile phone contract or a new credit card.
And whenever you apply for credit, the lender will approach a credit reference agency for information about your credit history. This is to help them make a fair and responsible decision about whether to give you credit. It will also help them protect themselves against fraudulent applications – a growing problem in the UK.
How many credit reference agencies are there?
In the UK there are three main credit reference agencies – Callcredit, Equifax and Experian.
Why do we have credit reference agencies?
Credit reference agencies exist because lenders need an accurate way to judge people’s creditworthiness.
Do credit reference agencies make lending decisions?
No – credit reference agencies will not decide whether you are to be given credit. That is the lender’s decision.
What information do credit reference agencies hold?
Credit reference agencies hold personal information and details about your financial history.
How can you find out what information Callcredit has about you?
The best way to find out what information Callcredit has about you is to check your credit report. Even if you are not currently applying for credit, you should do so to ensure the information we have is accurate.
There are two ways to get your credit report with Callcredit:
2017 Callcredit Information Group. (c) 2017 Callcredit Information Group Limited. All rights reserved. Registered in England and Wales with company number 04968328. Registered office: One Park Lane, Leeds, West Yorkshire, LS3 1EP. Callcredit Limited part of the Callcredit Information Group is authorised and regulated by the Financial Conduct Authority under registration number 737740. Callcredit Consumer Limited, part of the Callcredit Information Group, is authorised and regulated by the Financial Conduct Authority under registration number 737743. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. Callcredit Limited and Callcredit Consumer Limited are a Credit Broker and not a lender