Definitions for "CREDIT REFERENCE AGENCIES"
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.