Organisations licensed under the the Consumer Credit Act 1974, which hold information about individuals regarding their residential movements, status and financial credit transactions. Lenders may give information to as well as seek information from these organisations.
Credit Reference Agencies are the companies who maintain your credit file More Credit Scoring - Credit Scoring - assessing someone's credit rating by various criteria More
Organisations, licensed under the Consumer Credit Act 1974, which hold information about people that is useful to lenders. Financial institutions may contact these agencies for information to help them make various decisions, for example, whether or not to open an account or provide loans or grant credit. Financial institutions may also give the agencies information.
The credit reference agencies record the credit history of borrowers. When the loan providing agencies want the credit report for information on credit worthiness, they advance such information. Borrowers too can get a copy of the credit report. Experian and Equifax are the main credit reference agencies.
Companies who hold credit card, store card, loan payments, mortgage, & hire purchse repayment records of borrowers. Lenders use these companies to help assess the amounts of credit they will offer.